Grain Growing in Australia - Industry Market Research Report

Grain Growing in Australia - Industry Market Research Report

Grain Growing in Australia

Grain growing in Australia is export-oriented and produces wheat, barley, canola, other grains and oilseeds. Revenue 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 annual average rate of 17.3% over the five years through 2022-23, to reach an estimated $27.7 billion. As Russia is a major producer of fertiliser, a key industry input, its price has significantly risen in 2021-22 due to the Russia-Ukraine conflict. Industry profitability has therefore fallen over the period as purchase costs have increased. However, higher output volumes due to improved rainfall and higher grain prices have limited the decline in profitability. The Russia-Ukraine conflict is also expected to significantly disrupt global grain supply as both countries are typically major exporters of industry products. This disruption is likely to drive demand for Australian exports in 2021-22. Revenue is therefore expected to rise by 6.5% in 2022-23.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.