Based on the expert analysis and our database of 750+ AU industries, IBISWorld presents a list of the Industries with the Biggest Decline in Exports in Australia in 2024
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View a list of the Top 25 industries with the biggest decline in exportsDecline in Exports for 2024: -51.9%
Operators in the Bottled Water Manufacturing industry have faced several challenges over the past five years. Industry revenue is expected to fall at an annualised 2.0% over the five years through 2022-23, to $742.4 million. This includes an anticipated decline of 0.7% in the current year, due to weakening consumer sentiment creating a drag on spending. Reduced demand for convenient bottled water as workers opt to work from home and weaker economic conditions impairing discretionary spending have constrained industry revenue growth. Meanwhile, rising cost pressures have put downwards pressure on industry profit margins.
Over the past five years, industry operators have... Learn More
Decline in Exports for 2024: -46.0%
Spodumene concentrate (lithium ore) has become by far the dominant product in the Lithium and Other Non-Metallic Mineral Mining industry over the five years through 2023-24. Spodumene concentrate is still mainly exported to China for further processing, but major mining firms have started to use it domestically to refine lithium hydroxide. Spodumene concentrate output has increased over the past five years, particularly over the three years through 2023-24. While production is growing strongly, surging demand is behind the largely price-driven growth, as strong demand from the Chinese electric vehicle market and lithium stockpiling is prompting a spike in world prices.... Learn More
Decline in Exports for 2024: -36.0%
Grain growing in Australia is export-oriented and produces wheat, barley, canola, other grains and oilseeds. Revenue has fluctuated over the past five years, due to volatile weather conditions, global grain prices and crop supplies. Revenue is expected to grow at an annual average rate of 17.3% over the five years through 2022-23, to reach an estimated $27.7 billion. As Russia is a major producer of fertiliser, a key industry input, its price has significantly risen in 2021-22 due to the Russia-Ukraine conflict. Industry profitability has therefore fallen over the period as purchase costs have increased. However, higher output volumes due... Learn More
Decline in Exports for 2024: -32.3%
Revenue for the RTD Mixed Spirit Production industry is expected to decline at an annualised 1.2% over the five years through 2023-24, to $1.2 billion. Consumption of RTD beverages has risen over the past five years, with new product development driving growth at the expense of other alcohol products, such as cider. However, and rising domestic demand has been increasingly met by imported products, which has hindered industry revenue growth, increased competition and reducing industry margins.
Marketing campaigns and a range of new products have boosted industry revenue over the past five years. These new products entered the market either with... Learn More
Decline in Exports for 2024: -27.7%
Coal is a key input in steelmaking and energy generation. Although coal deposits are found all over the world, Australia is one of the world's lowest cost producers and a major coal exporter. Domestic reserves exceed domestic demand, are high grade and economical to access. As a result, exports account for a large share of coal mining revenue. Imports are negligible, as local production is higher than domestic demand for coal. Black coal mining accounts for most activity, with some brown coal used domestically for electricity generation in Victoria.
Coal mining revenue is expected to grow at an annualised 14.6% over... Learn More
Decline in Exports for 2024: -22.6%
The Basic Inorganic Chemical Manufacturing industry's performance has been highly volatile in recent years. With the industry focused on international markets, volatility in export markets has weighed on the industry's performance. Marked fluctuations in global chemical commodity prices have added to the industry's volatility.
The industry is expected to expand by an annualised 8.4% over the five years through 2022-23, to total $3.4 billion. Estimated growth of 37.9% in 2022-23, in view of record-high prices, has somewhat distorted this rate. This apparent strong performance also hides the effects of ongoing structural changes in Australia's wider industrial economy and the impact of... Learn More
Decline in Exports for 2024: -21.3%
Liquefied natural gas (LNG) production has rapidly expanded, as project development has increased the scale and production capacity of the industry. Australian liquefied natural gas (LNG) exports have increased from 20.0 million tonnes in 2010-11 to 80.9 million tonnes in 2022-23. LNG revenue is expected to rise at an annualised 20.7% over the five years through 2022-23, to $90.3 billion.
The wave of project development that occurred across the industry over the past decade has now concluded. Ten LNG facilities are now operational, including the Prelude and Ichthys projects, which shipped their first cargoes in 2018-19. Together, the industry's 10 LNG... Learn More
Decline in Exports for 2024: -17.8%
Oil and gas producers have experienced significant revenue volatility. Changes in oil and gas prices, exchange rate movements, annual production volumes, and domestic and export demand for oil and gas all influence performance. Output has expanded over the past decade, while world oil and natural gas prices have displayed significant volatility.
Australia's natural gas production, which makes up most of the industry has soared over the past decade as new gas fields have been developed to feed Australia's liquefied natural gas (LNG) facilities. Global trade in LNG has expanded with growing demand for LNG in Asian markets and weakness in the... Learn More
Decline in Exports for 2024: -14.6%
Australia's diverse climate conditions and soils allow a variety of vegetables to be produced across the country. Different crops' performance can change drastically from year to year, making for volatile output and revenue trends. Greater health consciousness has heralded the rising demand for vegetable consumption in recent years. Dramatically shifting annual weather conditions have been the main force behind total output volumes and farm yields in recent years. Unfavourable conditions the three years to 2019-20 ate away at industry revenue. However, La Nina's high rainfall over the past three years has propelled outdoor farmers' productions. Overall, industry revenue is expected... Learn More
Decline in Exports for 2024: -13.5%
Carbon dioxide (CO2) is a versatile gas used in a range of processes and applications that benefit from its reactivity, inertness and low temperature. CO2 can be produced as a high-pressure cylinder gas, a low-pressure refrigerated liquid or in a solid form as dry ice. Several of CO2's major uses are in food and beverage industries, wherein manufacturers can use the gas to carbonate soft drinks, decaffeinate coffee, freeze food products and maintain ideal atmospheric conditions in food packaging and during food transport. This means that developments in Australia's food and beverage sector can often influence the industry's performance.
CO2 manufacturing... Learn More
Based on the expert analysis and our database of 750+ AU industries, IBISWorld presents a list of the Biggest Industries by Employment in Australia in 2024
VIEW ARTICLEBased on the expert analysis and our database of 750+ AU industries, IBISWorld presents a list of the Biggest Industries By Revenue in Australia in 2024
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