Industry Analysis & Industry Trends
The Citrus, Banana 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 4.4% over the five years through 2016-17, to reach $2.8 billion. Significant growth in exports has assisted this trend. However, fluctuating weather conditions have led to significant revenue volatility over the period. The industry started from a low base at the beginning of the period as it recovered from flooding and cyclones (particularly in Queensland) that destroyed crops in 2010-11... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry is characterised by low market share concentration, with about 95% of operators employing fewer than 20 people. The four largest players are estimated to account for less than 40% of industry revenue. Almost 50% of industry enterprises generate less than $50,000 in revenue each year. Many growers are owner-operators and rely on family members to carry out operations, from sowing to harvesting.
Average farm and orchard sizes are increasing as rising input costs and lower returns erode profitability for small operators. The number of non-employing entities in the industry has fallen sharply over the past five years. The move towards large-scale production is likely to encourage the entry of more corporate players in the industry over the next five years and beyond... purchase to read more