Based on the expert analysis and our database of 750+ AU industries, 麻豆社 presents a list of the Industries with the Biggest Decline in Exports in Australia in 2024
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View a list of the Top 25 industries with the biggest decline in exportsDecline in Exports for 2024: -51.9%
Operators in the Bottled Water Manufacturing industry have faced several challenges over the past five years. Industry revenue is expected to fall at an annualised 2.0% over the five years through 2022-23, to $742.4 million. This includes an anticipated decline of 0.7% in the current year, due to weakening consumer sentiment creating a drag on spending. Reduced demand for convenient bottled water as workers opt to work from home and weaker economic conditions impairing discretionary spending have constrained industry revenue growth. Meanwhile, rising cost pressures have put downwards pressure on industry profit margins.
Over the past five years, industry operators have... Learn More
Decline in Exports for 2024: -51.7%
Battery material mining revenue has soared, as battery manufacturers have sought to lock in supply to meet surging demand. Rising demand for electric vehicles has led global automakers to offer a growing range of electric vehicles, particularly in China. The supply of battery materials has become increasingly tight, driving demand for Australian battery material exports. Overall, industry revenue has grown at an annualised 55.9% over the past five years, to $16.9 billion. This includes a rise of 198.6% in 2022-23, as lithium export prices skyrocket.
Several new enterprises have entered the industry by developing lithium mines in Western Australia. These firms... Learn More
Decline in Exports for 2024: -46.0%
Spodumene concentrate (lithium ore) has become by far the dominant product in the Lithium and Other Non-Metallic Mineral Mining industry over the five years through 2023-24. Spodumene concentrate is still mainly exported to China for further processing, but major mining firms have started to use it domestically to refine lithium hydroxide. Spodumene concentrate output has increased over the past five years, particularly over the three years through 2023-24. While production is growing strongly, surging demand is behind the largely price-driven growth, as strong demand from the Chinese electric vehicle market and lithium stockpiling is prompting a spike in world prices.... Learn More
Decline in Exports for 2024: -42.7%
The Fertiliser Manufacturing industry ensures that Australia's agricultural production systems are economically efficient in the short term and sustainable in the long term. Fertiliser manufacturers supply phosphorus, nitrogen, potassium and sulphur fertilisers, and mix of high-analysis blends and trace elements. Between six and seven million tonnes of fertiliser are sold each year. However, only half of this is manufactured locally with the remainder imported. This means that the industry is susceptible to global supply side shocks, with little control over fertiliser prices. Recently, the COVID-19 pandemic, the European natural gas crisis and the Russia-Ukraine conflict have played havoc with global... Learn More
Decline in Exports for 2024: -34.6%
The Basic Inorganic Chemical Manufacturing industry's performance has been highly volatile in recent years. With the industry focused on international markets, volatility in export markets has weighed on the industry's performance. Marked fluctuations in global chemical commodity prices have added to the industry's volatility.
The industry is expected to expand by an annualised 8.4% over the five years through 2022-23, to total $3.4 billion. Estimated growth of 37.9% in 2022-23, in view of record-high prices, has somewhat distorted this rate. This apparent strong performance also hides the effects of ongoing structural changes in Australia's wider industrial economy and the impact of... Learn More
Decline in Exports for 2024: -30.7%
Grain growing in Australia is export-oriented and produces wheat, barley, canola, other grains and oilseeds. Revenue has fluctuated over the past five years, due to volatile weather conditions, global grain prices and crop supplies. Revenue is expected to grow at an annual average rate of 17.3% over the five years through 2022-23, to reach an estimated $27.7 billion. As Russia is a major producer of fertiliser, a key industry input, its price has significantly risen in 2021-22 due to the Russia-Ukraine conflict. Industry profitability has therefore fallen over the period as purchase costs have increased. However, higher output volumes due... Learn More
Decline in Exports for 2024: -30.3%
The Petroleum Refining and Petroleum Fuel Manufacturing industry has faced highly volatile conditions over recent years, as the COVID-19 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. The closures resulted in these two energy giants leaving the industry altogether. Both the closed refineries were converted into import terminals, which meant that they directly intensified import competition in the industry. Overall, industry revenue is expected fall... Learn More
Decline in Exports for 2024: -27.7%
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 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 coal used domestically for electricity generation in Victoria.
Coal mining revenue is expected to grow at an annualised 14.6% over... Learn More
Decline in Exports for 2024: -26.8%
Revenue for the RTD Mixed Spirit Production industry is expected to decline at an annualised 1.2% over the five years through 2023-24, to $1.2 billion. Consumption of RTD beverages has risen over the past five years, with new product development driving growth at the expense of other alcohol products, such as cider. However, and rising domestic demand has been increasingly met by imported products, which has hindered industry revenue growth, increased competition and reducing industry margins.
Marketing campaigns and a range of new products have boosted industry revenue over the past five years. These new products entered the market either with... Learn More
Decline in Exports for 2024: -24.8%
Businesses in the Automotive Electrical Component Manufacturing industry have faced mixed operating conditions. Revenue grew strongly over the three years through 2021-22 as manufacturers benefited from a depreciating Australian dollar and falling new vehicle sales. These trends restricted import growth and supported demand from the aftermarket. Demand from motor vehicle manufacturers has fallen as local passenger vehicle manufacturing has ended. But industry manufacturers have restructured their Australian operations owing to global automotive supply chain shifts. Overall, revenue has been growing at an annualised 6.7% over the five years through 2023-24 and is expected to total $2.6 billion in 2023-24, when... Learn More
Based on the expert analysis and our database of 750+ AU industries, 麻豆社 presents a list of the Biggest Industries by Employment in Australia in 2024
VIEW ARTICLEBased on the expert analysis and our database of 750+ AU industries, 麻豆社 presents a list of the Biggest Industries By Revenue in Australia in 2024
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