- 2013: -17.93% YoY, 5.78% CAGR
- 2014: 7.96% YoY, 2.39% CAGR
- 2015: -3.19% YoY, 2.14% CAGR
- 2016: -5.29% YoY, -2.49% CAGR
- 2017: 42.07% YoY, 2.91% CAGR
- 2018: -32.35% YoY, -0.99% CAGR
- 2019: -13.66% YoY, -5.32% CAGR
- 2020: -8.97% YoY, -6.48% CAGR
- 2021: 91.93% YoY, 7.71% CAGR
- 2022: 10.24% YoY, 2.38% CAGR
- 2023: -28.3% YoY, 3.58% CAGR
- 2028: 0.8% CAGR (Forecast 5-year), 4.08% Forecasted 5-year growth rate
The cereal production in Australia has experienced significant fluctuations over the past decade, particularly with a notable dip in 2018-2020 followed by a sharp recovery in 2021. The forecast suggests steady growth with a relatively stable average growth rate through 2028.
Future Trends to Watch
Future trends to watch include climate change impacts, technological advancements in agriculture, and global market demand shifts. Monitoring these factors will be crucial for understanding long-term productivity and sustainability of cereal production in Australia.
