Nursery Production in Australia - Industry Market Research Report
Nursery Production in Australia
Rising price-based competition from hardware stores has eroded the market power of the nursery production industry. Moreover, scattered variations in annual rainfall year to year have affected the production volume and quality of outdoor nursery products. Subdued activity from new dwelling commencements that typically require landscaping has weighed on industry demand. Homebuyers have gradually shifted towards higher-density living, slowing demand for outdoor plants. The rising popularity of indoor and patio plants has upheld nursery production. Also, the demand for bedding and vegetable plants escalated following the outbreak of COVID-19, as many individuals used stay-at-home orders to undertake DIY projects. The Russia-Ukraine conflict and the consequent sanctions on Russian exports have spiked domestic and global fertiliser prices, as Russia is a leading exporter of fertilisers and fertiliser inputs. This input price hike has diminished nursery profitability and eaten away at revenue, causing an expected decline in industry revenue of 4.0% in the current year. Overall, industry revenue is expected to fall at an annualised 2.2% over the five years through 2022-23, to total $1.2 billion.
Industry growers primarily produce trees, shrubs, ornamental plants and bulbs. Nurseries sell their goods to a variety of markets, including retailers, wholesalers, landscapers, local governments and orchardists. The industry excludes turf growing and flower 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.
ABOUT THIS INDUSTRY
Industry Definition Main Activities Similar Industries Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary Key External Drivers Current Performance Industry Outlook Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain Products & Services Demand Determinants Major Markets International Trade Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration Key Success Factors Cost Structure Benchmarks Basis of Competition Barriers to Entry Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity Technology & Systems Revenue Volatility Regulation & Policy Industry Assistance