This year’s net profits are on par with the 2014 and 2015 results. In fact, this year’s profits numbers are approximately the average of the previous two years, pointing to the relative stability of the industry. This is also reinforced with the sales figures, which have also remained fairly consistent over the past three years. In contrast, when we asked this question in 2012, asking respondents to reflect on their profits over the previous three years (i.e. 2010, 2011, 2012), 35% reported a loss, with only 33% saying they turned a profit in that time period. The general trend since then has been upward, with 20% having a loss in 2013, and dropping to 3% in 2014. 93% of growers expect profit margins to remain the same or increase next year.
Growers are slightly more confident that the greenhouse industry will grow in 2017 than they were last year about 2016. This boost may be partly due to the stability of the past three years. Beginning with the economic downturn in 2008, the industry has been in a flux that has only recently started to wane and give way to a more stable environment.