In 2023, agricultural raw materials exports in Australia stood at 1.74% of Goods Exports. Forecasted data for subsequent years indicate a minor downward trend: 1.72% in 2024, 1.71% in both 2025 and 2026, 1.7% in 2027, and 1.69% by 2028. The year-on-year variation from 2024 to 2025 shows a -0.58% decline, and from 2026 to 2027, a -0.58% decline is observed again. The compound annual growth rate (CAGR) over the forecast period (2024 to 2028) reflects an average annual decline of approximately -0.58%.
Looking ahead, future trends to watch for include the impact of climate change on agricultural yields, shifts in global demand for raw materials, and potential changes in trade policies which could further influence export levels. Monitoring technological advancements in agriculture and sustainability practices will also be pivotal for the sector's future performance.