The historical data of agricultural irrigated land in Australia shows fluctuations over the years. From 2013 to 2017, there was a general decline, with significant year-on-year variation. Notably, there was a dramatic decrease in 2019 and 2020 before a moderate recovery from 2021 to 2023. As of 2023, the value stood at 0.55 Units of Agricultural Land, indicating a slight improvement. The last two years' variations show a stabilizing trend, while the CAGR over the last five years (2018-2023) was negative, reflecting an overall downward trend despite recent recovery.
Future trends indicate a period of stability, with forecasted data from 2024 to 2028 showing minimal growth. The five-year forecasted CAGR is almost flat, suggesting no significant expansion or reduction. As we move forward, it will be crucial to watch factors like climate change, water resource management, and government policies that could impact irrigation practices and the extent of agricultural irrigated land.