$3.5bn
$XXX.Xm
5,500
129
$XXX.Xm
Operators in the Grain Storage industry have benefited from strong growth in grain production volumes in recent years. The industry is characterised by extreme revenue volatility, which creates difficult conditions for operators. Shifting wheat prices, movements in the Australian dollar and fluctuating grain production due to changing rainfall have influenced industry demand and earnings. Record national grain harvest over three consecutive years through 2022-23 has significantly boosted demand for grain storage. Grain storage companies have capitalised on record production volumes by quickly expanding storage capacity. As a result, industry-wide revenue has been growing at an average annualised 3.8% over the past five years and is expected to total $3.5 billion in 2023-24, when revenue will fall by an estimated 22.8%. An anticipated decline in crop production is expected to contribute to industry revenue declining in the current year.
Industry revenue has grown at a CAGR of 3.8 % over the past five years, to reach an estimated $3.5bn in 2023.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
GrainCorp | 795.2 | |
CBH Group | 573.9 | |
Viterra | 293.3 |
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Industry revenue is measured across several distinct product and services lines, including Wheat used for milling, Wheat used for feed and Barley used for malting. Wheat used for milling is the largest segment of the Grain Storage in Australia.
The production of wheat used for milling has skyrocketed recently
Industry firms primarily store cereal grains. Following crop harvest, grain handlers receive and sort grain according to its use and protein content. Grain is then dispatched as required, either for domestic consumption or export.
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ANZSIC 5301 - Grain Storage in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
A surge in grain production in recent years has significantly lifted demand for grain storage services, raising industry revenue. Favourable weather conditions and growing ex...
Learn about an industry's products and services, markets and trends in international trade.
Grain storage firms store various grain products, including wheat, barley, oats, triticale, sorghum and oilseeds. Stored wheat and barley grains are primarily used for millin...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Wheat storage establishments tend to be located close to export terminals or near areas with high grain production volumes. Individual crops vary in tolerance to wet and dry ...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Bulk handling companies face internal competition from rival firms that provide similar services. Operators compete among themselves for grain receivable contracts from growe...
Learn about the performance of the top companies in the industry.
Bulk handling companies primarily dominate grain storage and handling services in Australia. These companies, like GrainCorp, CBH and Viterra, benefit from vertically integra...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The Grain Storage industry falls under moderate regulation, emphasising storage standards and market competition. Regulations cover facility upkeep, pest control, chemical us...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Individual cost structures vary among firms in the Grain Storage industry. Cost structures depend on a company's size, main services and degree of vertical integration.
Including values and annual change:
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Key data sources in Australia include:
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These sources include:
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The market size of the Grain Storage industry in Australia is $3.5bn in 2024.
There are 129 businesses in the Grain Storage industry in Australia, which has grown at a CAGR of 1.5 % between 2018 and 2023.
The market size of the Grain Storage industry in Australia has been growing at a CAGR of 3.8 % between 2018 and 2023.
Over the next five years, the Grain Storage industry in Australia is expected to decline.
The biggest companies operating in the Grain Storage market in Australia are GrainCorp, CBH Group and Viterra
Wheat used for milling and Wheat used for feed are part of the Grain Storage industry.
The company holding the most market share in Australia is GrainCorp.
The level of competition is low and increasing in the Grain Storage industry in Australia.