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Australian agriculture and food manufacturing growth

Updated 1 time since CLSTR started tracking revisions of this situation.

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2026-08-27 07:46 UTC → 2026-08-31 23:46 UTC · added removed

The Australian agricultural and food manufacturing sectors have demonstrated significant economic growth. Australian agriculture reached a farmgate production milestone of $101.4 billion, up from approximately $59.9 billion in 2017-18. This growth was largely driven by livestock slaughter and broadacre cropping, despite declines in the wool, industrial crop, and live export sectors. Building on this production strength, the food and grocery manufacturing sector reached a record turnover of $182.6 billion and increased in 2024-25, with exports increasing by 17.4 per cent to $52.6 billion. A notable shift in trade dynamics occurred as the United States overtook China as the sector’s largest export market, with exports to the US reaching $11.32 billion. The industry now employs over 301,000 people. However, industry leaders have noted ongoing pressures regarding people, representing approximately one-third of all manufacturing jobs in Australia, with more than a third of this workforce situated in regional communities. Capital investment also rose by 16 per cent to $4.5 billion, primarily directed toward plant, equipment, and machinery. Despite these gains, the Australian Food and Grocery Council (AFGC) has warned of mounting challenges. Rising operating costs, margin pressures, and higher energy prices, and commodity prices pose risks to long-term investment capacity. Furthermore, supply chain disruptions, disruptions in the Middle East continue to impact the sector. The AFGC is calling for government support through investment incentives incentives, more reliable energy, and streamlined regulation to reach a turnover target of $250 billion by 2030.

Versions

  1. 2026-08-31 23:46 UTC Australian agriculture and food manufacturing growth
  2. 2026-08-27 07:46 UTC Australian agriculture and food manufacturing growth

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