As demand for fruit is largely steady, the performance of the Citrus, Banana and Other Fruit Growing industry fluctuates in line with weather conditions that affect supply. Over the past five years, changing weather conditions have led to revenue volatility. Overall, IBISWorld forecasts that industry revenue will grow at an annualised 1.3% over the five years through 2015-16, assisted by significant growth in exports. The industry started the period at a low base, as flooding and cyclones (particularly in Queensland) destroyed crops in 2010-11. Many farmers replanted crops soon after the wet conditions of 2010-11, which limited the spillover effect in the following year.
This industry includes farmers that grow bananas, pineapples, citrus fruit, tree nuts and other fruit.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.