$4.6bn
$XXX.Xm
13,386
5,711
$XXX.Xm
Turbulent weather events over the past five years have hit industry farmers hard. 2022 floods along the eastern seaboard were particularly significant, devastating many farmers’ crops. As these farmers’ recovery efforts continue, industry revenue is expected to dip 2.0% in the current year to $4.6 billion, contributing to an annualised 0.4% slide anticipated over the five years through 2023-24. On the other hand, ideal climate conditions have enhanced farm confidence and production volumes in Australia's northernmost orchards, which mostly grow nuts, citrus fruits and mangoes. This, in conjunction with a growing preference for healthy eating habits, has enhanced industry demand and worked to maintain industry revenue.
Industry revenue has declined at a CAGR of 0.4 % over the past five years, to reach an estimated $4.6bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Costa | 529.1 | |
Olam Orchards | 375.9 | |
Mackays Produce Solutions Pty Ltd | 225.0 |
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Industry revenue is measured across several distinct product and services lines, including Almonds, Citrus fruits and Bananas. Almonds is the largest segment of the Citrus Fruit, Nut and Other Fruit Growing in Australia.
Health benefit awareness and high export volumes are expanding citrus fruits’ share of revenue
Industry farmers grow bananas, citrus fruits, berries, nuts and other fruits.
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ANZSIC 0132 - Citrus Fruit, Nut and Other Fruit 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.
Turbulent weather in eastern states has devastated many farms' crops and has led to ongoing recovery efforts. This disruption has contributed to a decline in industry growth ...
Learn about an industry's products and services, markets and trends in international trade.
Increasing awareness of citrus fruits’ health benefits and high export volumes to major trade partners are driving segment revenue growth. Countries like India, the United Ki...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Queensland is home to the largest share of farms because of its favourable climate and proximity to large downstream markets. Meanwhile, flooding in New South Wales and Victo...
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.
The industry is largely fragmented, with many small-scale and sole proprietor businesses, but is trending towards greater concentration. Costa Group, with the largest market ...
Learn about the performance of the top companies in the industry.
In early 2024, Costa Group transitioned to ownership by a North American consortium after delisting from the ASX. This is set to expand its global reach.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The high price of fruit is being passed on to consumers as competition slices profit margins. Higher fruit prices are facilitating revenue growth as overseas fruit suppliers ...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The Russia-Ukraine war has driven fertiliser prices to unprecedented heights, eroding profitability. Smaller farms have been far less able to cope with the heightened costs.
Including values and annual change:
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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Citrus Fruit, Nut and Other Fruit Growing industry in Australia is $4.6bn in 2024.
There are 5,711 businesses in the Citrus Fruit, Nut and Other Fruit Growing industry in Australia, which has declined at a CAGR of 1.4 % between 2018 and 2023.
The market size of the Citrus Fruit, Nut and Other Fruit Growing industry in Australia has been declining at a CAGR of 0.4 % between 2018 and 2023.
Over the next five years, the Citrus Fruit, Nut and Other Fruit Growing industry in Australia is expected to grow.
The biggest companies operating in the Citrus Fruit, Nut and Other Fruit Growing market in Australia are Costa, Olam Orchards and Mackays Produce Solutions Pty Ltd
Almonds and Citrus fruits are part of the Citrus Fruit, Nut and Other Fruit Growing industry.
The company holding the most market share in Australia is Costa.
The level of competition is moderate and increasing in the Citrus Fruit, Nut and Other Fruit Growing industry in Australia.