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Agriculture in Australia: ISIC 01

Australia agriculture market valued at A$73.4Bn in 2010


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2014-02-07 04:57:01 - Agriculture in Australia: ISIC 01 - a new market research report on companiesandmarkets.com

Over 2000-2010 the Australian market for agriculture grew at an average annual rate of 7%, even though the end of the last decade was one of the hardest times for Australian agriculture, as the industry was negatively affected by the long-lasting drought and rising average annual temperature.

Over the decade market value grew by net 89%, reaching A$73.4billion in 2010, despite a 9% decline in 2009. Business-to-business purchases represented the primary customer group, accounting for 75% of total market value in 2010. Households represented the second-largest group, with a value share of 20% of the total market, three percentage points down on the beginning of the review period.

Australia has become a key member of the new Global Research Alliance on Agricultural

 

 

Greenhouse Gases, which launched at the United Nations´ Climate Change Conference in Copenhagen in 2009.

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