The forecast for agricultural raw materials imports in Australia from 2024 to 2028 shows a slight downward trend. In 2024, the value stands at 0.72% of goods exports and gradually decreases to 0.7% by 2028. Year-on-year, the variation from 2024 to 2025 is a decrease of approximately 1.39%, and from 2025 to 2026, it remains constant. The trend continues with a similar decline of 1.41% from 2026 to 2027, and the value remains steady through 2028.
Future trends to watch for include:
- Changes in global supply chain dynamics that could affect import levels.
- Australia's domestic agricultural production capabilities and policy shifts.
- Fluctuations in global prices for agricultural raw materials.
- Trade agreements and economic conditions impacting import costs.
- Technological advancements that may alter import needs.