Industry Analysis & Industry Trends
The Grain Storage industry has performed strongly over the past five years due to plentiful crop yields and two years of record rainfall. Massive harvests in 2010-11 and 2011-12 assisted industry performance, as demand for grain storage facilities increased significantly in these two years. Weather conditions have also fluctuated dramatically over the past five years. Initially, drought conditions changed to years of record rainfall, which resulted in both bumper harvests and damaged and destroyed grain crops in different areas. Weather conditions have since improved, resulting in more stable crop yields and steadier revenue growth.
Industry revenue is projected to rise at a compound annual rate of 5.9% over the five years through 2014-15... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Grain Storage industry is in the mature stage of its economic life cycle. Australia is a major exporter of grain, with exports accounting for over 80.0% of total revenue in the Grain Growing industry in 2014-15. Grains such as wheat, barley, oats, triticale and sorghum all require storage before they are exported, which generates demand for industry services. Domestic grains also require storage before they are transported for further processing. Rainfall levels and commodity prices tend to fluctuate and are extremely difficult to predict, which can influence production volumes and subsequently cause volatility in industry revenue.
Industry value added (IVA) is used to measure an industry's contribution to the overall economy... purchase to read more