Australia's orange production is forecasted to show steady growth over the next five years, with values increasing gradually each year. In 2023, the actual orange production stood at X thousand metric tons. The forecast for 2024 is 524.38 thousand metric tons, showing a minor increase. This upward trend continues with expected year-on-year growth rates: 0.67% for 2024-2025, 0.66% for 2025-2026, 0.65% for 2026-2027, and 0.64% for 2027-2028. The Compound Annual Growth Rate (CAGR) over the five-year forecast period is approximately 0.65%.
Future trends to watch for in Australia's orange production include:
- Effects of climate change on yield and quality
- Technological advancements in agriculture
- Changes in global orange demand and export opportunities
- Impact of government policies and subsidies for citrus growers
