Industries with the Biggest Decline in Imports in Australia in 2026

• 1. Grain Growing in Australia

  Decline in Imports for 2026: -19.3%

  The Grain Growing industry has fluctuated in recent years following weather conditions, global grain prices and crop supplies volatility. Revenue is on track to grow at an annualised 11.0% over the five years through 2024-25, reaching $21.5 billion, including 9.6% growth in the current year. Improved rainfall from consecutive La Niña events earlier in the period supported higher output volumes, with wheat and barley yields hitting record highs in 2022-23. However, softer prices for wheat and ...

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• 2. Coal Mining in Australia

  Decline in Imports for 2026: -16.9%

  Coal is a key input in steelmaking and energy generation. Although coal deposits are found all over the world, Australia is one of the world's lowest-cost producers and a major coal exporter. Domestic reserves exceed domestic demand, are high grade and are economical to access. As a result, exports account for a large share of coal mining revenue. Imports are negligible, as local production is higher than domestic demand for coal. Black coal mining accounts for most activity, with some brown ...

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• 3. Carbon Dioxide Production in Australia

  Decline in Imports for 2026: -12.0%

  Carbon dioxide (CO2) is a versatile gas used in a range of processes and applications that benefit from its reactivity, inertness and low temperature. CO2 can be produced as a high-pressure cylinder gas, a low-pressure refrigerated liquid or in a solid form as dry ice. Several of CO2's major uses are in food and beverage industries, wherein manufacturers can use the gas to carbonate soft drinks, decaffeinate coffee, freeze food products, and maintain ideal atmospheric conditions in food packa...

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• 4. Petroleum Refining and Petroleum Fuel Manufacturing in Australia

  Decline in Imports for 2026: -8.9%

  The Petroleum Refining and Petroleum Fuel Manufacturing industry has faced highly volatile conditions over recent years, as the pandemic wreaked turmoil on global energy supply chains. The global situation filtered down to Australia's petroleum market, contributing to the closure of two of Australia's last four remaining oil refineries. BP closed its refinery in Kwinana, while ExxonMobil shut down the Altona refinery. Both the closed refineries were converted into import terminals, directly i...

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• 5. Forestry and Logging in Australia

  Decline in Imports for 2026: -7.3%

  The Forestry and Logging industry has faced challenging conditions. A sharp downturn in residential construction over recent years has significantly weakened domestic timber demand. The failure to meet new housing targets, rising construction costs and builder insolvencies have all contributed to delayed projects and dampened confidence, directly softening timber consumption. Along with weak demand, stricter regulations on native forest harvesting, the lingering effects of catastrophic bushfi...

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• 6. Bauxite Mining in Australia

  Decline in Imports for 2026: -5.9%

  Australian bauxite production remains the largest in the world, accounting for roughly 30% of global output and consistently outperforming major competitors like China, Guinea and Brazil. Rapid mine expansion drove Australia’s production to a peak of 107.2 million tonnes in 2019-20 before weakening demand and falling prices led to contraction, with only 96.4 million tonnes produced in 2022-23. Profit margins have come under pressure, weakening from 23.5% in 2020-21 to 13.0% in 2025-26, as glo...

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• 7. Iron Smelting and Steel Manufacturing in Australia

  Decline in Imports for 2026: -5.8%

  The Iron Smelting and Steel Manufacturing industry has faced fluctuating demand and economic pressures, especially from the construction and mining sectors. While construction market volatility has dampened demand for steel products in residential and infrastructure projects, the mining sector has provided some stability. Rising demand for steel in iron ore, gold and copper mining has offset some of the losses in the construction sector. However, challenges persist. The declining world price ...

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• 8. Cheese Manufacturing in Australia

  Decline in Imports for 2026: -5.5%

  The Cheese Manufacturing industry has encountered various challenges over the past few years through 2024-25. Varying cheese prices in export markets, a fluctuating Australian dollar, falling local raw milk production and shifting local consumer preferences have all influenced revenue performance. The COVID-19 pandemic negatively impacted the industry, with revenue falling over the two years through 2021-22, partly due to declining food service demand from government restrictions. Domestic pe...

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• 9. Motor Vehicle Manufacturing in Australia

  Decline in Imports for 2026: -4.6%

  The Motor Vehicle Manufacturing industry has suffered from a turbulent economy over the past few years. The COVID-19 pandemic disrupted the global supply chain and global semiconductor chip shortages have slowed production. Motor vehicle manufacturers have faced intense competition from low-cost imports. Continuous growth in Australia’s domestic freight task has supported motor vehicle manufacturers’ sales, yet the shrinking Australian motor vehicle market has eroded industry revenue. Motor v...

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• 10. Frozen Cake and Pastry Manufacturing in Australia

  Decline in Imports for 2026: -4.0%

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