Based on the expert analysis and our database of 750+ AU industries, IBISWorld presents a list of the Fastest Growing Industries by Exports in Australia in 2024
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View a list of the Top 25 fastest growing industries by exportsGrowth in Exports for 2024: 133.3%
Revenue for the Non-Ferrous Metal Casting industry has increased over the past five years, driven by reduced import competition and rising input costs, which have been passed on to downstream markets. The industry has benefited from global supply chain disruptions during the COVID-19 pandemic, which have caused major shipping delays. Manufacturers have increasingly favoured local suppliers to boost their supply chains' reliability. Industry revenue is expected to grow at an annualised 4.6% over the five years through 2023-24, to $194.3 million. Rising world metal prices have increased input costs for the industry, reducing profit margins to an estimated 6.0% in... Learn More
Growth in Exports for 2024: 63.1%
Operators in the Mango Growing industry have faced mixed conditions over recent years. Despite tough international trading conditions, domestic demand has remained largely reliable for growers. Rising health consciousness has strengthened demand in the domestic market, both in downstream sales directly to consumers, and to food and beverage manufacturers. Favourable growing conditions in 2019-20 significantly boosted mango output. Even so, the Russia-Ukraine conflict and the COVID-19 pandemic have significantly affected the price of key inputs and labour availability. Unfavourable agricultural conditions in 2022-23 have also limited revenue. Overall, industry revenue is expected to climb at an annualised 3.3% over the... Learn More
Growth in Exports for 2024: 37.9%
The development of new products and technologies, growing environmental concerns and changing demand patterns among key markets have shaped industry performance. Activity in key markets, including Australia's resources, manufacturing and healthcare sectors, has also been instrumental in the industry's growth. These markets have been subject to cyclical variations.
That's why the Industrial Gas Manufacturing industry revenue is expected to contract at an annualised 6.6% over the five years through 2023-24, to $2.8 billion, disguising the industry's highly volatile performance. This includes a drop of 2.6% in 2023-24, constrained by weak demand from Australia's mining sector. Industry manufacturers suffered from soaring... Learn More
Growth in Exports for 2024: 34.8%
Operators in the Sugar Manufacturing industry have faced volatile commodity prices and fluctuating weather patterns over the five years through 2022-23. The way milled sugar is marketed and exported is also changing, causing a shift in supply chain processes and contributing to uncertainty among sugar manufacturers. Sugar manufacturing revenue is expected to inch up at an average annual rate of 0.1% over the five years through 2022-23, to an estimated $3.45 billion. This trend includes an expected increase of 11.7% in 2022-23. Both world sugar prices and the domestic price of sugar have fluctuated greatly, causing concerns for profitability. Major... Learn More
Growth in Exports for 2024: 33.3%
Trends in building and infrastructure construction determine the Ready-Mixed Concrete Manufacturing industry's performance. The product's perishability restricts supply capabilities to a narrow geographic market. Several large-scale, vertically integrated manufacturers together account for over two-thirds of industry sales and have branch representation in most markets. These include Boral Limited, Hanson Australia, Holcim Australia, Adbri Limited and the Barro Group.
Divergent trends in downstream building and infrastructure markets have influenced the industry in recent years. Industry revenue has declined at an anticipated annualised 1.1% over the past five years. Revenue is expected to total $6.7 billion in 2022-23, including an estimated contraction of... Learn More
Growth in Exports for 2024: 21.0%
The Shipbuilding and Repair Services industry is beholden to the whims of government investment. Valuable contracts for delivery of Royal Australian Navy (RAN) warships and submarines have dictated the industry's trajectory. In 2017-18, industry revenue skyrocketed on the back of the Naval Shipbuilding Plan (NSP) announcement. The 2022 Defence Strategic Review (DSR) has cast uncertainty around many projects, with the Federal Government committing to reprioritising defence funding. However, the DSR has highlighted the commitments in-line with developing a more robust maritime division in tandem with the goals of the AUKUS alliance. Supply chain disruptions, travel restrictions and changing government objectives... Learn More
Growth in Exports for 2024: 19.2%
Growing conditions have pummelled grape growers and misaligned the supply of grapes with their downstream demand across all markets in recent years. Growers' reliance on irrigation varies according to their production zone. Growers in warm climate zones, like the Big Rivers region in Victoria and New South Wales, rely on irrigation more than growers in cool climate zones, where rainfall tends to be higher and less volatile. Weather patterns have been scattered in recent years, with harvests this year having to bear the brunt of La Nina.
Extreme weather events and other external factors have made grape growing considerably tricky. Revenue... Learn More
Growth in Exports for 2024: 18.9%
Trading conditions for metal furniture manufacturers were favourable in 2018-19 due to high demand from the construction sector. However, restrictions to foreign real estate investment and economic uncertainty due to the COVID-19 pandemic have led to fluctuating downstream demand from the construction sector, causing revenue volatility. The growing popularity of electronic information storage over storing paper records in metal filing cabinets has also affected operators. Revenue is expected to decline at an annualised 1.2% over the five years through 2023-24 to an estimated $807.4 million.
Lingering unfavourable trading conditions due to the COVID-19 pandemic have further reduced revenue, including an anticipated... Learn More
Growth in Exports for 2024: 17.4%
Operators in the Tree Nut Growing industry grow almonds, macadamias, walnuts, pecans, chestnuts, pistachios, hazelnuts and other tree nuts. The industry excludes peanut growing. Industry revenue has grown substantially over the past decade, as major players have invested heavily in expanding their operations to capitalise on growing global demand for tree nuts. Operating conditions have been volatile over the past five years. Revenue has fluctuated significantly over the period, due to changes in weather, nut prices and demand from export markets.
Rising export demand for tree nuts has driven the industry's performance over the past five years. A depreciating Australian dollar... Learn More
Growth in Exports for 2024: 15.2%
The Cider Production industry has declined over the past five years. Falling cider consumption and an overall decline in per capita alcohol consumption have largely driven this trend. In Australia, per capita alcohol consumption has fallen over the period, including large declines in almost every product segment except spirits. However, industry associations such as Cider Australia are using marketing efforts to promote cider for its craft qualities. As a result, although the craft cider is a small segment, it has become more prominent in recent years. However, rising health consciousness has led to greater demand for low- and no-alcohol beer... 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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