In 2023, the gross production of maize (corn) in Australia stood at 77.45 million US Dollars PPP. The forecast for the years ahead shows a steady increase: 77.78 million in 2024, 78.11 million in 2025, 78.44 million in 2026, 78.76 million in 2027, and 79.09 million in 2028. This represents year-on-year increases of approximately 0.42% between 2023 and 2024, and similar small incremental rises each subsequent year. The Compound Annual Growth Rate (CAGR) over the next five years is anticipated to be around 0.42%.
Future trends to watch for include potential impacts of climate change on agricultural productivity, advancements in farming technology, and shifts in global demand for maize. Moreover, policy changes and trade relationships will be pivotal in shaping the maize production landscape in Australia over the coming years.
