The market is dominated by domestic suppliers, as imports account for 1.1% of total market size in 2023. B2B drives market demand, with B2B spending representing 73.6% of total demand in 2023. Australia has the sixth largest market size for agriculture across the top 20 developed countries, with demand reaching USD110 billion in 2023. Queensland Cotton Corp Pty Ltd is the largest company in Australia, generating 2.6% of the industry’s total production value in 2023. The industry is fragmented, with the top four companies generating 6.0% of total production value in 2023. The total number of companies increases in 2023, to 187,870 units. The costs of the industry increase by 2.9% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 34.1% of production value in 2023, the 14th highest across the top 20 developed countries. The industry’s exports share decreases in 2023 to 19.9% of total production output. With production value of USD102 billion, Australia accounts for 77.6% of the Australasia total in 2023.
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This Euromonitor industrial report provides unique information on Agriculture in Australia: ISIC 1. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Agriculture in Australia: ISIC 1 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Agriculture is an aggregation of farming of cattle, swine and pigs, sheep and other quadrupeds, poultry and other animals; growing of cereals and crops, fruits and vegetables; providing agricultural services and hunting.
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