The arable land and permanent crops area in Australia stood at 323.3 thousand square kilometers in 2023. Over the past decade, the land area has shown significant fluctuations, with the most notable dips in 2015 and 2016. A gradual recovery followed, reaching an upward trend from 2021 onwards. The annual year-on-year variation for 2023 was 1.07%, consistent with the previous year. It is important to note that the Compound Annual Growth Rate (CAGR) over the past five years averaged 0.65%.
The forecast for the upcoming years shows a steady increase, with the arable land and permanent crops expected to reach 339.9 thousand square kilometers by 2028. This projection reflects a forecasted 5-year CAGR of 0.8% and a total growth rate of 4.05%.
Future trends to watch for:
- Impact of climate change on arable land quality and availability.
- Government policies and initiatives aimed at land conservation.
- Technological advancements in sustainable agriculture practices.
- Changes in global demand for agricultural products.
