This class consists of units mainly engaged in retailing cut flowers or display foliage. A business in this industry is involved in purchasing flowers from growers and selling these products directly to consumers, generally without developing or changing the product further except for arrangements.
Most retailers in this industry undertake sales and administrative activities such as customer service; product merchandising; advertising; inventory control; and cash handling. The Industry G5254 - Flower Retailing in Australia ranks 446 out of 496 by industry turnover and its life cycle is in a mature phase, which means that the industry is generally growing at at the same rate as the economy. Capital/labour intensity is low and the uptake of new technology is low.
The industry's globalisation level is low and the trend is steady. The industry has a low level of exports, which means exports generate less than 5% of the industry's turnover.
The industry has a low level of imports, which means imports generate less than 5% of the industry's domestic demand.
The trend for exports is steady and for imports it's steady.
The level of regulation is light and decreasing and government assistance is insignificant and steady. This industry is forecast to have a low average annualised growth rate over the next five years.
A full analysis of each of the above conditions and more is available in every IBISWorld industry report!