The table grape supply in Australia stood at 216.99 thousand metric tons in 2023. Over the past decade, the supply has shown fluctuations with notable increases in 2014 (10.56%) and 2018 (16.28%) contrasted by decreases in 2016 (-2.87%), 2020 (-7.28%), and 2021 (-2.55%). The year-on-year variation from 2022 to 2023 was a modest increase of 0.93%. The compound annual growth rate (CAGR) over the last five years (2018-2023) was -0.66%, indicating a slight decline. However, forecasting data suggests a recovery, with an anticipated CAGR of 0.7% over the next five years, projecting a supply of 226.82 thousand metric tons by 2028.
Future trends to watch for include:
- Climate change impacts on grape yield and quality.
- Technological advancements in agriculture influencing productivity.
- Changing consumer preferences and demands within domestic and international markets.
- Effects of governmental policies and trade agreements on export potentials.