Bearing fruit: The industry's greater focus on export markets has supported robust growth

The Citrus Fruit, Nut and Other Fruit Growing industry grows a range of produce including citrus fruits, almonds, bananas, berries, avocados, olives and other fruits and nuts, which are sold to food wholesalers, retailers, processors and other markets. The industry has expanded over the past five years, with revenue forecast to grow at an annualised 2.8% over the five years through 2017-18, to $3.4 billion. Significant export growth has assisted this expansion. However, this growth disguises significant volatility, as fluctuating weather conditions led to double-digit revenue falls or rises in certain years. Industry revenue is forecast to rise by 4.9% in 2017-18, driven by greater demand from supermarkets and export more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Threats & Opportunities

  • Fluctuating weather conditions have led to revenue volatility over the past five years
  • Free trade agreements and reductions in non-tariff barriers have driven export growth
  • Industry growers are expected to benefit from ongoing demand from export markets over the period
  • Industry Report - Industry SWOT Analysis Chapter

    The industry is in the mature phase of its economic life cycle. Industry value added (IVA) measures an industry's contribution to the overall economy. IVA is forecast to increase at an annualised 2.5% over the 10 years through 2022-23. This represents a slight underperformance of the overall economy, with GDP expected to rise at an annualised 2.6% over the same period. This is indicative of an industry a mature industry.A number of other factors indicate that the industry is in the mature phase. Fruit varieties remain clearly segmented and there is minimal product innovation, which are typical characteristics of a mature industry. The number of industry establishments is expected to fall over the 10 years through 2022-23, even though production is projected to increase. Dem...purchase to read more.

    Additional Insights for the Citrus Fruit, Nut and Other Fruit Growing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Citrus Fruit, Nut and Other Fruit Growing Industry are

  • Economies of scale
  • Downstream ownership links
  • Establishment of export markets
  • IBISWorld analysts also discuss how external factors such as Domestic price of fruit and Level of annual rainfall in the Citrus Fruit, Nut and Other Fruit Growing industry impact industry performance..

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    What's in this report

    What is the Citrus Fruit, Nut and Other Fruit Growing Industry?

    Industry farmers grow bananas, citrus fruits, berries, nuts and other fruits.

    Industry Products
  • Almonds
  • Citrus fruits
  • Bananas
  • Strawberries
  • Avocados
  • Olives
  • Macadamias and other nuts
  • Other fruits
  • Industry Activities
  • Avocado growing
  • Citrus fruit growing
  • Banana growing
  • Berry growing
  • Nut growing
  • Mango growing
  • Olive growing
  • Pineapple growing
  • Other fruit growing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Domestic price of fruit
  • Level of annual rainfall
  • Demand from supermarkets and grocery stores
  • Trade-weighted index
  • Demand from fruit and vegetable processing
  • Domestic price of fertiliser

  • Current Performance
  • Weather conditions
  • Consumer trends
  • International trade
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • International trade
  • Domestic consumption
  • Industry structure
  • Table: Citrus Fruit, Nut and Other Fruit Growing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Citrus Fruit, Nut and Other Fruit Growing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Fruit and Vegetable Processing
  • Fruit and Vegetable Wholesaling
  • Supermarkets and Grocery Stores

  • Key Selling Industries
  • Livestock and Other Agricultural Supplies Wholesaling
  • Shearing, Cropping and Agricultural Support Services
  • Water Supply

  • Products & Services
  • Citrus fruits
  • Almonds
  • Other fruits
  • Bananas
  • Avocados
  • Strawberries
  • Macadamias and other nuts
  • Olives
  • Chart: Citrus Fruit, Nut and Other Fruit Growing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Wholesalers
  • Retailers
  • Export markets
  • Processors
  • Other markets
  • Chart: Major Market Segmentation for the Citrus Fruit, Nut and Other Fruit Growing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Citrus Fruit, Nut and Other Fruit Growing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Citrus Fruit, Nut and Other Fruit Growing Industry

  • Industry Globalization
    Costa Group Holdings Limited, Select Harvests Limited,
  • Table: Costa Group Holdings Limited - financial performance
  • Table: Select Harvests Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Citrus Fruit, Nut and Other Fruit Growing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Citrus Fruit, Nut and Other Fruit Growing Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    El Nino
  • A recurring weather pattern, where warming Pacific Ocean surface temperatures contribute to dry conditions on the east Australian seaboard.
  • Farmgate Price
  • The net value received by growers for their produce when it leaves the farm.
  • Imputed Wage
  • The estimated labour input of the farm owner, their partner and/or family members, based on hours worked and wages outlined in the Federal Pastoral Industry Award.
  • Micro-Irrigation
  • Drip, micro-spray and mini-sprinkler systems that are designed to target water at the root zone of fruit trees.
  • Murray-Darling Basin Plan
  • An initiative by the Federal Government to reduce the amount of water taken from the Murray-Darling river system that runs through New South Wales, Victoria and South Australia.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Citrus Fruit, Nut and Other Fruit Growing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Citrus Fruit, Nut and Other Fruit Growing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Citrus Fruit, Nut and Other Fruit Growing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Citrus Fruit, Nut and Other Fruit Growing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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