Australia's food output increased from 73.97 billion AUD in 2013 to 103.82 billion AUD in 2023. Significant growth occurred between 2016 and 2020, but the rate slowed recently, with a CAGR declining from 3.69% in 2020 to 2.91% in 2023. Forecasts predict further deceleration to a 1.98% CAGR over the next five years, expecting output to reach 117.61 billion AUD by 2028.

Future trends to watch for:

Technological advancements in agriculture may boost efficiency.
Climate change impacts could affect output variability.
Changes in government policies or trade agreements may influence production levels.
Consumer preferences shifting towards sustainable and locally sourced products.