In 2023, Australia’s cereals production stood at 30.047 million metric tons. From 2024 onwards, the forecasted data shows a gradual decline: 29.638 million metric tons in 2024, decreasing to 28.073 million metric tons by 2028. Year-on-year variations show a consistent downward trend of approximately 1.36% from 2024 to 2025, 1.35% from 2025 to 2026, 1.34% from 2026 to 2027, and 1.33% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is -1.60%.
Future trends to watch for include the impact of climate change on crop yields, advancements in agricultural technologies, and shifts in global cereal demand. These factors will significantly influence Australia’s cereals production capacity and market dynamics in the coming years.
