Industries with the Biggest Decline in Imports in Australia in 2025

• 1. Carbon Dioxide Production in Australia

  Decline in Imports for 2025: -40.2%

  Carbon dioxide (CO2) is a versatile gas used in a range of processes and applications that benefit from its reactivity, inertness and low temperature. CO2 can be produced as a high-pressure cylinder gas, a low-pressure refrigerated liquid or in a solid form as dry ice. Several of CO2's major uses are in food and beverage industries, wherein manufacturers can use the gas to carbonate soft drinks, decaffeinate coffee, freeze food products, and maintain ideal atmospheric conditions in food packa...

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• 2. Sheep Farming in Australia

  Decline in Imports for 2025: -35.6%

  Variations in turn-off rates and wool production volumes have seen industry revenue fluctuate over the past five years, and fall overall. Farmers have continued to focus on export markets to expand revenue. Demand for wool in the key market of China has recovered from COVID-19 pandemic lows. However, uncertain economic conditions have weighed on prices. Industry revenue is expected to have dropped at an annualised 2.6% over the five years through 2024-25, to $3.4 billion. This includes an ant...

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• 3. Petroleum Refining and Petroleum Fuel Manufacturing in Australia

  Decline in Imports for 2025: -22.8%

  The Petroleum Refining and Petroleum Fuel Manufacturing industry has faced highly volatile conditions over recent years, as the pandemic wreaked turmoil on global energy supply chains. The global situation filtered down to Australia's petroleum market, contributing to the closure of two of Australia's last four remaining oil refineries. BP closed its refinery in Kwinana, while ExxonMobil shut down the Altona refinery. Both the closed refineries were converted into import terminals, directly i...

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• 4. Iron Ore Mining in Australia

  Decline in Imports for 2025: -22.0%

  Iron ore miners have faced difficult trading conditions because of easing iron ore prices over the past few years, despite the nation maintaining its status as the world's largest iron ore supplier and benefiting from proximity to Asian markets. However, modest growth in production volumes has partly offset revenue declines. Industry revenue is expected to have sunk at an annualised 1.7% over the five years through 2024-25, to $131.5 billion. Easing iron ore prices, driven primarily by a slow...

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• 5. Milk Powder Manufacturing in Australia

  Decline in Imports for 2025: -15.1%

  The Milk Powder Manufacturing industry has faced challenging conditions in recent years. Domestic milk production has declined, reducing industry output and lifting milk prices. Unfavourable weather conditions, like flooding in 2022-23, and mandatory minimum farmgate milk price disclosure under the Dairy Industry Code of Conduct 2020 have further elevated prices. Supply-side pressures have driven manufacturers to sell almost all products overseas, with exports contributing significantly to re...

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• 6. Bauxite Mining in Australia

  Decline in Imports for 2025: -13.8%

  Australia is the world's largest bauxite producer, accounting for approximately 30% of global output, ahead of China, Guinea and Brazil. For over a decade up until 2019-20, bauxite production in Australia had been growing steadily, peaking at 107.2 million tonnes in the 2019-20 financial year. Expansion projects at several bauxite mines contributed to this strong growth in production, increasing mine output to meet higher demand. However, a combination of weakened global demand, falling price...

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• 7. RTD Mixed Spirit Production in Australia

  Decline in Imports for 2025: -12.6%

  Revenue for the RTD Mixed Spirit Production industry is expected to decline at an annualised 1.2% over the five years through 2024-25, to $1.3 billion. Consumption of RTD beverages has declined slower than overall alcohol consumption, with new product development driving growth at the expense of other alcohol products, like cider. However, rising domestic demand has been increasingly met by imported products, which has hindered industry revenue growth, increased competition and reduced profit...

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• 8. Oil and Gas Extraction in Australia

  Decline in Imports for 2025: -11.7%

  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 the industry’s 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 comprises most of the industry, has soared over the past decade as new gas fields hav...

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• 9. Industrial Gas Manufacturing in Australia

  Decline in Imports for 2025: -10.2%

  The development of new products and technologies, growing environmental concerns and changing demand patterns among key markets have shaped the industry’s performance over recent years. Activity in key markets, including Australia's resources, manufacturing and healthcare sectors, has also been instrumental in the industry's performance. Many of these markets are subject to cyclical variations, which underlies the industry's highly volatile performance in recent years. Marked fluctuations in ...

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• 10. Forestry and Logging in Australia

  Decline in Imports for 2025: -9.7%

  Weak downstream demand has meant the Forestry and Logging industry has endured challenging operating conditions in recent years. Harvesting volumes have tumbled and downstream demand across key markets has fallen, contributing to a drop in industry profitability over the past five years. Lower demand from wood chipping and drops in residential building construction in particular have driven several years of dwindling revenue. Falling domestic timber prices over the three years through 2024-25...

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