Based on the expert analysis and our database of 750+ AU industries, IBISWorld presents a list of the Fastest Growing Industries by Exports in Australia in 2023
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View a list of the Top 25 fastest growing industries by exportsGrowth in Exports for 2023: 376.5%
Operators in the Mango Growing industry have faced mixed conditions over the past five years. Despite tough international trading conditions, domestic demand has remained reliable for industry growers over much of the period. Rising health consciousness has boosted demand in the domestic market, both in downstream sales directly to consumers and to food and beverage manufacturers for use in their products. The favourable growing conditions in 2019-20 significantly boosted industry output. However, the Russia-Ukraine conflict and the COVID-19 pandemic have significantly affected the price of key inputs and labour availability. Furthermore, unfavourable agricultural conditions over some of the past five... Learn More
Growth in Exports for 2023: 250.0%
Ready-mixed concrete is the principal material that contractors use in infrastructure, precast panels, building foundations and tilt walls. Manufacturers batch, mix and deliver concrete that construction contractors use. The product's perishability restricts supply capabilities to a narrow geographic market. Most industry players operate within a 50-kilometre radius of their batching plants. The Ready-Mixed Concrete Manufacturing industry includes four large vertically integrated multi-plant firms, which account for over two thirds of annual industry revenue. These firms are Boral Limited, Hanson Australia (Holdings) Proprietary Limited, Holcim (Australia) Holdings Pty Ltd and Barro Group Pty Limited.
Industry operators have faced divergent trends in demand... Learn More
Growth in Exports for 2023: 206.0%
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
Growth in Exports for 2023: 146.0%
The Cotton Ginning industry is an important part of the agricultural support services and national cotton sectors, and is closely linked to the Cotton Growing industry. Various factors also indirectly affect cotton ginners, like climatic conditions, water supply regulation, cotton stockpiling, and global cotton consumption and production fluctuations. Typically, cotton is harvested and ginned towards the end of the financial year, with any surplus production carried into the following year. Higher cotton production correlates with higher revenue, often with a one-year delay due to the timing of harvest season. The variability of these factors has caused significant revenue volatility in... Learn More
Growth in Exports for 2023: 46.0%
The Freight Trailer Manufacturing industry has expanded under trying conditions in recent years. The industry benefited from greater demand for road freight transport services throughout the pandemic, as many people were forced to work from home. A range of downstream sectors, like agriculture and retail have also augmented demand, with online shopping supporting demand for freight trailers. Industry revenue is set to climb at an annualised 1.9% over the five years through 2022-23, to an estimated $1.39 billion. This growth includes a dip of an estimated 3.3% in 2022-23, as downstream demand from mining and construction slump.
Industry revenue has been... Learn More
Growth in Exports for 2023: 45.9%
Operators in the Aquaculture industry have faced challenging trading conditions over the past five years. Strong import penetration across the overall domestic fish and seafood market has hindered industry operators. Aquaculture producers in Asian countries generally have lower operating costs and can therefore offer produce at a much lower price compared with domestic operators. However, the industry's sustainability and rising production volumes have allowed it to outperform wild-catch fishers over the period. Overall, industry revenue is expected to increase at an annualised 2.9% over the five years through 2022-23, to $2.3 billion. This trend includes an anticipated decline of 6.4%... Learn More
Growth in Exports for 2023: 37.4%
Firms in the Nickel Ore Mining industry faced generally positive operating conditions over the past five years, with very strong pricing growth and demand being partly offset by output declines. Nickel prices surged in 2017-18 due to strong global demand, before dipping in 2019-20 in response to the COVID-19 pandemic. However, world nickel prices surged again in 2020-21 and 2021-22 as demand jumped. Most nickel ore mined in Australia is processed locally into nickel concentrate by downstream smelting and refining firms, or by nickel ore mining companies that also operate their own smelters and refineries. All nickel ore mined by... Learn More
Growth in Exports for 2023: 27.9%
Liquefied natural gas (LNG) production has rapidly expanded, as project development has increased the scale and production capacity of the industry. Australian liquefied natural gas (LNG) exports have increased from 20.0 million tonnes in 2010-11 to 80.9 million tonnes in 2022-23. LNG revenue is expected to rise at an annualised 20.7% over the five years through 2022-23, to $90.3 billion.
The wave of project development that occurred across the industry over the past decade has now concluded. Ten LNG facilities are now operational, including the Prelude and Ichthys projects, which shipped their first cargoes in 2018-19. Together, the industry's 10 LNG... Learn More
Growth in Exports for 2023: 26.4%
Falling per capita alcohol consumption, increasing competition and changing consumer preferences are influencing beer manufacturers' performance. The COVID-19 pandemic and related lockdown measures also disrupted demand from export markets and hospitality venues, alongside restrictions on brewers' ability to sell through their own brewpubs. Shoppers are increasingly moving from traditional beers to premium and craft beers. Rising demand from downstream liquor retailers is benefiting beer manufacturers. Revenue has declined at a slight annualised 0.1% over the five years through 2022-23, to $5.1 billion. This includes an increase by 3.8% in 2022-23, due to a jump in demand from pubs, bars and... Learn More
Growth in Exports for 2023: 24.4%
Oil and gas producers have experienced significant revenue volatility. Changes in oil and gas prices, exchange rate movements, annual production volumes, and domestic and export demand for oil and gas all influence performance. Output has expanded over the past decade, while world oil and natural gas prices have displayed significant volatility.
Australia's natural gas production, which makes up most of the industry has soared over the past decade as new gas fields have been developed to feed Australia's liquefied natural gas (LNG) facilities. Global trade in LNG has expanded with growing demand for LNG in Asian markets and weakness in the... Learn More
Based on the expert analysis and our database of 750+ AU industries, IBISWorld presents a list of the Biggest Industries by Employment in Australia in 2023
VIEW ARTICLEBased on the expert analysis and our database of 750+ AU industries, IBISWorld presents a list of the Biggest Industries By Revenue in Australia in 2023
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