Between 2013 and 2023, the output of the motion picture, video, and TV program production in Australia saw fluctuating trends. The value peaked in 2016 at 8.64 billion AUD and faced a decline down to 7.32 billion AUD in 2023. Recent years (2022-2023) have shown minimal growth with year-on-year variations of 0.096% and 0.082% respectively. The five-year compound annual growth rate (CAGR) from 2018 to 2023 has been a decline of -3.08%. However, the forecasted CAGR for the next five years (until 2028) indicates a slight positive shift at 0.03%, suggesting stability.
Future trends to watch for include the impact of digital transformation and streaming services on traditional production. Additionally, government policies and incentives for local content creation, alongside international investment, will influence the landscape. Emerging technologies like VR and AR may also contribute to new growth opportunities.
