Key Market Indicators
Australian grains production is projected to decline slightly over the next five years, with output expected to reach approximately 28 million metric tons by 2028. This represents a drop from the 30 million metric tons recorded in 2023, translating to a compound annual growth rate (CAGR) of -1.1%. Historical data reveals a consistent downward trend in Australian grain supply since 1966, with an average annual decrease of 2.3%. In the global ranking for 2023, Australia was positioned at 19th place. Ethiopia outpaced Australia with an identical production figure of 30 million metric tons. The leading nations in grains production were the United States, India, and Brazil, occupying the second, third, and fourth positions respectively.
