$31.6bn
$X.Xbn
3,551
353
$XXX.Xm
Grain is one of Australia's most valuable agricultural products. Operators in the Cereal Grain Wholesaling industry play a major role in distributing grain from farmers to domestic and international end markets. Revenue is expected to increase at an annualised 6.8% over the five years through 2023-24 to an estimated $31.6 billion. This trend includes an expected decline of 27.9%% in 2023-24 as rainfall is likely to plummet. In response to volatile production volumes, profitability is expected to fluctuate over the five years through 2023-24. However, improved downstream demand and record-high prices have allowed many wholesaling services to grow their profit margins in 2023-24, boosting profitability over the past five years.Revenue is highly volatile for cereal grain wholesalers. The supply of cereal grains from the Grain Growing industry is the most important factor affecting wholesalers' revenue. Grain production depends on annual rainfall, so natural disasters such as floods, cyclones and bushfires can severely affect grain output and wholesalers' revenue. Following a bumper crop in 2016-17, wheat prices fell strongly over the three years through 2019-20 due to unfavourable domestic weather conditions and a global grain surplus. However, favourable growing conditions have contributed to back-to-back bumper crops over the three years through 2022-23. This trend has significantly increased the volume of grain distributed by wholesalers, both domestically and internationally. In addition, the Russia-Ukraine conflict has distorted the global grain trade, sharply boosting demand for Australian grain. This has contributed to record-high prices for commodities like wheat and oilseeds.Demand for grain is projected to fall over the five years to 2028-29 as global grain supply recovers from the major distortions in 2023-24. Revenue is projected to decline slightly from a high base in 2023-24 as weather conditions will likely continue to be volatile. The Australian dollar is projected to appreciate, dampening demand for Australian grain among overseas buyers. However, these declines are likely offset by growing export capacity, supporting continued exports sales. Overall, revenue is forecast to decline at an annualised 1.3% over the five years through 2028-29, to an estimated $29.5 billion.
Industry revenue has grown at a CAGR of 6.8 % over the past five years, to reach an estimated $31.6bn in 2023.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
CBH Group | 5,770.0 | |
Viterra | 3,380.0 | |
GrainCorp | 3,190.0 |
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Industry revenue is measured across several distinct product and services lines, including Wheat, Oilseeds and Coarse grains. Wheat is the largest segment of the Cereal Grain Wholesaling in Australia.
Wheat prices surge as global demand rises, and Australian production faces volatility from weather conditions
Operators primarily wholesale wheat or other cereal grains. The industry also includes firms that wholesale rice and legumes.
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ANZSIC 3312 - Cereal Grain Wholesaling in Australia
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Including values and annual change:
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The market size of the Cereal Grain Wholesaling industry in Australia is $31.6bn in 2024.
There are 353 businesses in the Cereal Grain Wholesaling industry in Australia, which has grown at a CAGR of 0.9 % between 2018 and 2023.
The market size of the Cereal Grain Wholesaling industry in Australia has been growing at a CAGR of 6.8 % between 2018 and 2023.
Over the next five years, the Cereal Grain Wholesaling industry in Australia is expected to decline.
The biggest companies operating in the Cereal Grain Wholesaling market in Australia are CBH Group, Viterra and GrainCorp
Wheat and Coarse grains are part of the Cereal Grain Wholesaling industry.
The company holding the most market share in Australia is CBH Group.
The level of competition is moderate and increasing in the Cereal Grain Wholesaling industry in Australia.