Between 2013 and 2023, broadcasting (except Internet) value added in Australia saw fluctuations, peaking at AUD 4.98 billion in 2014 and steadily declining to AUD 3.33 billion in 2023. There were significant declines, notably in 2019 and 2020, followed by a moderate recovery in 2021 and 2022.
Analysis of variations:
- Last two years: -1.74% in 2023 and +10.07% in 2022.
- Last five-year CAGR: -1.38%, indicating a downward trend expected to continue until 2028.
Future trends to watch for:
Ongoing digital transformation and changing media consumption habits could drive further decline. Monitoring technological advancements and shifts in consumer behavior will be crucial for forecasting and adapting to future market conditions.
