$18.9bn
$X.Xbn
24,853
10,429
$XXX.Xm
Revenue in the Grain Growing industry has fluctuated over the past five years, due to volatile weather conditions, global grain prices and crop supplies. Revenue is expected to grow at an average annual rate of 6.6% through the end of 2023-24, to reach an estimated $18.9 billion. Higher output volumes due to improved rainfall and surging grain prices as a result of the Russia-Ukraine conflict have significantly disrupted global grain supply as both countries are typically major exporters of industry products. This has lifted prices and demand for Australian grain. However, revenue is expected to plunge 38.3% in 2023-24. After three years of bumper crops in a row, output is set to tumble in 2023-24, and prices are also expected to drop.
Industry revenue has grown at a CAGR of 6.6 % over the past five years, to reach an estimated $18.9bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($short_0)
2024 |
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There are no companies that hold a large enough market share in the Grain Growing in Australia industry for IBISWorld to include in this product.
Industry revenue is measured across several distinct product and services lines, including Wheat, Coarse grains and Oilseeds. Wheat is the largest segment of the Grain Growing in Australia.
Wheat crops have hit record highs over the past three years due to substantial rainfall
The industry includes farms that grow wheat, coarse grains or other cereal crops. Other industry farms grow oilseeds. The industry excludes pulse and rice growing.
Purchase this report to view all major companies in this industry.
ANZSIC 0149 - Grain Growing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Grain growers have benefited from rising output and surging prices. High annual rainfall levels and high world prices due to falling global supply have bolstered grain grower...
Learn about an industry's products and services, markets and trends in international trade.
Wheat growers have seen record output in recent years. Prices have been driven higher by global shortages since the outbreak of the Russia-Ukraine conflict.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Wheat production occurs in a very defined geographically narrow are of Australia. Its boundaries are driven by the economics of land value on one side and by rainfall pattern...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Grain growing is characterised by a low level of market share concentration. Most grain growers are small family run farms.
Learn about the performance of the top companies in the industry.
There are no major players in the Grain Growing industry. According to the latest available data from the ABS, 83.0% of grain growers around the country earn under $2 million...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The use of genetically modified grain seeds is tightly regulated. The Office of the Gene Technology Regulator must approve the research and development of genetically modifie...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profitability has declined slightly over the past five years. Grain prices surged after the outbreak of the Russia-Ukraine conflict, they are falling in 2023-24. Major input ...
Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Grain Growing industry in Australia is $18.9bn in 2024.
There are 10,429 businesses in the Grain Growing industry in Australia, which has declined at a CAGR of 1.0 % between 2019 and 2024.
The market size of the Grain Growing industry in Australia has been growing at a CAGR of 6.6 % between 2019 and 2024.
Over the next five years, the Grain Growing industry in Australia is expected to grow.
Wheat and Coarse grains are part of the Grain Growing industry.
The level of competition is moderate and steady in the Grain Growing industry in Australia.