The industry’s fortunes are expected to remain positive
Melbourne, Australia (PRWEB) February 26, 2013
Apples and pears are among the most popular fresh fruit in Australia and domestic consumption has risen steadily over the past five years. The Apple and Pear Growing industry has also benefited from an overall rise in production and prices over the five years through 2012-13, which has driven estimated annualised revenue growth of 3.1% over the period. According to IBISWorld industry analyst Suzannah Rowley, “despite the solid growth, the industry has faced several challenges including volatile growing conditions, extreme weather patterns and the difficulty of expanding export markets given the strong Australian dollar”.
Nonetheless, the industry has worked tirelessly to promote Australian pome fruit abroad given the constraints of Australia's domestic market and the opportunity to capitalise on Australia's strong reputation for producing high-quality produce. “Added to this has been ongoing concern over the effect of water shortages and changes in government water regulation especially around the Murray-Darling Basin”, says Rowley. Over 2012-13, the industry's fortunes are expected to remain positive as favourable growing conditions and an increase in farmgate prices push revenue up by 1.0% to $720 million. These factors are also expected to boost industry profitability over the year.
Challenges confronting the Apple and Pear Growing industry over the next five years will be a combination of the gradual introduction of competing imports, both in the fresh and processed markets; a lack of strong export markets; and difficult growing conditions. A reduction in rainfall and increased climate variability are expected to cause considerable volatility for industry production and revenue. On a positive note, rising health consciousness is expected to lead to an increase in fruit consumption, which bodes well for the industry.
For more information, visit IBISWorld’s Apple and Pear Growing report in Australia industry page.
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IBISWorld industry Report Key Topics
Producers in this industry grow and harvest apples, pears and other pome fruit – fruit containing seed chambers and an outer flesh.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Technology & Systems
Regulation & Policy
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every Australian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Melbourne, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.au or call (03) 9655 3886.