Till next year: Industry revenue is expected to decline due to low output in 2017-18

The Grain Growing industry is export oriented and produces wheat, barley, canola, and other grains and oilseeds. Industry revenue has fluctuated over the past five years, largely due to adverse weather conditions affecting local supply in certain years. Fluctuations in global grain prices and crop supplies over the period have further contributed to revenue volatility. Industry revenue is expected to decline at an annualised 3.5% over the five years through 2017-18, to reach $11.1 billion. Profit margins have fallen over the period due to lower local grain prices and output volumes. Industry revenue is anticipated to decrease by 22.7% in 2017-18 as output for the year is expected to be much lower than it was in the previous year.The industry typically moves in a cycle...read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Falling output in the current year is expected to constrain the industry's five-year performance
  • Global grain prices and production volumes heavily influence industry revenue
  • Export revenue is forecast to increase over the next five years due to strong global demand
  • Industry Report - Industry Key Buyers Chapter

    Market share concentration in the Grain Growing industry is low. Although some large commercial operations exist, no single producer accounts for a significant proportion of total industry output. Instead, a multitude of small family farms dominates the industry. In terms of employment distribution, the industry is characterised by numerous firms that employ small work forces, along with many non-employing family enterprises. Farming families will typically only supplement their own labour with hired labour during harvest periods.Market share concentration has increased over the past five years. Rising industry concentration has been attributed to competitive and cost pressures that are forcing smaller farms to close, as the industry moves towards larger scale production. Thi...purchase to read more.

    Additional Insights for the Grain Growing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Grain Growing Industry are

  • Economies of scale
  • Appropriate physical growing conditions
  • Ability to alter goods and services produced in favour of market conditions
  • IBISWorld analysts also discuss how external factors such as Level of annual rainfall and Trade-weighted index in the Grain Growing industry impact industry performance..

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    What's in this report

    What is the Grain Growing Industry?

    The industry consists of farms that grow coarse grains or other cereal crops. Other farms in the industry grow oilseeds. The industry excludes pulse and rice growing.

    Industry Products
  • Wheat
  • Coarse grains
  • Oilseeds
  • Industry Activities
  • Wheat growing
  • Barley growing
  • Canola growing
  • Corn and maize growing
  • Sorghum growing
  • Soybean growing
  • Other grain and oilseed growing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Level of annual rainfall
  • Trade-weighted index
  • World price of wheat
  • Demand from cereal grain wholesaling
  • Domestic price of fertiliser

  • Current Performance
  • Weather patterns
  • Global supply
  • World consumption
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Water constraints
  • Global stage
  • New technology
  • Food for thought
  • Table: Grain Growing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Grain Growing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Beef Cattle Farming
  • Poultry Meat Farming
  • Cereal Grain Wholesaling

  • Key Selling Industries
  • Agricultural Machinery Manufacturing
  • Livestock and Other Agricultural Supplies Wholesaling
  • Shearing, Cropping and Agricultural Support Services

  • Products & Services
  • Wheat
  • Coarse grains
  • Oilseeds
  • Chart: Grain Growing Industry Products and Services Segmentation

  • Demand Determinants
  • Animal feed products
  • Food products

  • Major Markets
  • Other export markets
  • Livestock industries
  • Exports to China
  • Food industries
  • Other local markets
  • Chart: Major Market Segmentation for the Grain Growing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Depreciation
  • Wages
  • Repairs and maintenance
  • Rent and utilities
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Grain Growing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Grain Growing Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Grain 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 Grain 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
  • Fuels produced from renewable biological resources such as crops or organic waste.
  • Genetically Modified (Gm)
  • Organisms that have had their DNA altered through genetic engineering. The most common modified foods are derived from plants: soybean, corn, canola and cottonseed oil.
  • 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.
  • Stockfeed
  • Food for livestock, which typically contains a variety of grains.
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    Why buy this report?

    IBISWorld’s Grain Growing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    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 Grain 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 Grain 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 Grain Growing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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