The forecasted milled rice supply in Australia sees a steady increase from 2024 to 2028, starting at 912.0 Thousand Metric Tons in 2024 and reaching 946.0 Thousand Metric Tons by 2028. This consistent growth represents a compounded annual growth rate (CAGR) of approximately 0.92% from 2024 to 2028. Assuming a base value for 2023 was lower, these figures denote a positive year-on-year growth trend.
Year-on-year variations:
- 2024 to 2025: +0.88%
- 2025 to 2026: +0.98%
- 2026 to 2027: +0.86%
- 2027 to 2028: +0.96%
Two-year growth trends:
- 2024 to 2026: +1.87%
- 2026 to 2028: +2.1%
Future trends to watch for may include the impact of climate change on rice farming, government agricultural policies, and potential innovations in rice production technology which could affect these forecasts. Additionally, global market demand fluctuations and export regulations could play a significant role in shaping future supply dynamics.
