Fastest Growing Industries in Australia by Revenue Growth (%) in 2021

1. Rice Growing in Australia

2019-2020 Revenue Growth: 186.4%

The amount of water operators in the Rice Growing industry can access influences production, as rice is a water-intensive crop. Therefore, the level of annual rainfall and water availability are key determinants of industry performance. Rice growers' reliance on rainfall is reflected in the industry's performance over the two years through 2019-20. Industry output and revenue were negligible over this period, as severe drought in the Murray-Darling Basin (the Basin), which hosts most industry establishments, forced some farmers to exit the industry. This decline follows a sharp revenue increase in 2016-17, when above-average rainfall allowed farmers to produce a bountiful... Learn More

2. Cotton Growing in Australia

2019-2020 Revenue Growth: 121.8%

Operators in the Cotton Growing industry have endured extreme revenue volatility and fluctuating profit margins over the past five years, with a range of external factors influencing industry performance. Sufficient rainfall and an increase in the price per bale paid to Australian farmers resulted in the industry growing strongly over the three years through 2017-18. Rising global demand for cotton drove this price growth. However, significantly below-average rainfall has reduced irrigation water availability over the past two years, with some cotton growing regions reporting their lowest annual rainfall on record. These drought conditions, which were reported over most major cotton... Learn More

3. Grain Growing in Australia

2019-2020 Revenue Growth: 46.0%

The Grain Growing industry is export oriented and produces wheat, barley, canola, and other grains and oilseeds. Industry revenue has fluctuated significantly over the past five years, largely due to volatile weather conditions affecting local supply in certain years. Fluctuations in global grain prices and crop supplies over the period have further contributed to revenue volatility. Industry revenue is expected to grow at an annualised 2.6% over the five years through 2020-21, to $14.1 billion. Industry profit margins have grown due to higher output volumes. Industry revenue is anticipated to rise 44.4% in the current year, as the industry benefits... Learn More

4. Nickel Ore Mining in Australia

2019-2020 Revenue Growth: 40.7%

Firms in the Nickel Ore Mining industry have faced mixed operating conditions over the past five years, due to flat output and some mine closures, as well as stronger nickel prices and demand. Nickel prices surged in 2017-18 due to strong global demand, before dropping in 2019-20 as demand fell in response to the COVID-19 pandemic. Most of the 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.

Slowdowns in infrastructure projects and in the production of nickel-based stainless... Learn More

5. Fishing in Australia

2019-2020 Revenue Growth: 24.5%

Operators in the Fishing industry have faced mixed trading conditions over the past five years. Volatile economic conditions and falling demand from seafood processors have negatively affected the industry over the period. In addition, intensifying competition from both low-cost imports from Asia and the more sustainable Aquaculture industry have also constrained the Fishing industry's performance. Furthermore, government-imposed quotas have restricted the volume of seafood caught over the past five years, limiting industry revenue. However, strong demand from export markets, particularly in Asia, has supported the industry over the period. Overall, industry revenue is expected to decline at an annualised 2.4%... Learn More

6. Scenic and Sightseeing Transport in Australia

2019-2020 Revenue Growth: 22.6%

The Scenic and Sightseeing Transport industry consists of operators that provide transport services in and around Australian tourism sites through a range of transport modes. The industry's main activities do not involve point-to-point transport. These services are provided by larger passenger transport industries, such as the Domestic Airlines industry, the Rail Passenger Transport industry, and the Interurban and Rural Bus Transport industry. Maritime transport for sightseeing or recreational purposes, such as charter boat operation and same-day cruises, dominates the Scenic and Sightseeing Transport industry. Industry demand depends on the health of the domestic tourism sector. Few industry operators offer services... Learn More

7. Marine Sightseeing Tours in Australia

2019-2020 Revenue Growth: 17.4%

The Marine Sightseeing Tours industry provides sightseeing and scenic tour services along Australia's coastlines and waterways. Point-to-point travel services are not included in the industry. Tourists and travellers generally regard the industry's services as a discretionary activity. Many industry participants operate expensive vessels and typically require licences to conduct tours across key tourism regions, such as the Great Barrier Reef. These factors mean that industry operators are largely reactive, and can struggle to adjust services in response to demand fluctuations.

Industry revenue is expected to fall at an annualised 4.5% over the five years through 2019-20, to $870.5 million. The industry's... Learn More

8. Babysitting and Other Personal Services in Australia

2019-2020 Revenue Growth: 15.5%

The Babysitting and Other Personal Services industry has performed strongly over the past five years, despite a strong decline in 2019-20 due to the COVID-19 pandemic. Industry revenue is anticipated to climb at an annualised 5.2% over the five years through 2020-21, to reach $2.3 billion, including expected growth of 14.2% in the current year as the industry recovers from the effects of the COVID-19 pandemic. While many households have grown wealthier, they have also been become more time-poor. As a result, more individuals are willing to have other people perform various personal services and tasks for them. The industry... Learn More

9. Online Beer, Wine and Liquor Sales in Australia

2019-2020 Revenue Growth: 15.4%

The Online Beer, Wine and Liquor Sales industry has gained momentum over the past five years, cementing its position in the retail sector. As online shopping continues to grow in popularity, the industry's product lines are diversifying and industry competition is increasing. Industry revenue is expected to increase at an annualised 16.7% over the five years through 2019-20, to $1.3 billion. Demand has risen steadily as consumers have increasingly switched to online retail channels out of convenience. Revenue is anticipated to rise by a further 16.0% in the current year.

Despite overall industry growth, per capita alcohol consumption has fallen over... Learn More

10. Outplacement Services in Australia

2019-2020 Revenue Growth: 14.9%

Outplacement client companies generally engage firms in the Outplacement Services industry during periods of restructuring or staffing lay-offs. The client company pays the outplacement company a fee to provide services to staff facing a career transition or employment change. These services are provided at no charge to the employee. The sponsored employee benefits from services such as assistance to find another position, career guidance, resume-writing advice, interview skills training and other related services. These services can be carried out at the client's premises, or off-site at facilities and locations provided by the outplacement firm.

Demand for outplacement services is generally higher... Learn More