In 2023, sunflower production at the farm gate in Australia stood at 10.24 million euros. The forecasted data for the years 2024 to 2028 shows a consistent decline in production value, starting from 9.82 million euros in 2024 to 8.18 million euros in 2028. This represents a year-on-year decrease of approximately 4.18% in 2024, 4.18% in 2025, 4.36% in 2026, and 4.36% in 2027. The average annual compound growth rate (CAGR) over these five years is approximately -4.33%, indicating a steady downward trend in sunflower production value.
Future trends to watch for include potential changes in climate conditions, fluctuations in market demand, advancements in agricultural technology, and policy shifts that may impact production levels and profitability for sunflower farmers in Australia.
