Industry Analysis & Industry Trends
Although the Sugar Manufacturing industry has been subjected to volatile commodity prices and fluctuating weather patterns, it has performed well. Industry revenue is forecast to grow at an annualised 4.6% over the five years through 2014-15, to reach $3.1 billion. This includes forecast 1.2% growth for 2014-15. Despite trending downwards, world sugar prices have remained high for the majority of the past five years. Additionally, domestic sugar production volume has increased over the past five years. These two factors have helped boost industry revenue over the period.
The industry derives a large share of its revenue from exports... purchase to read more
Industry Report - Starting a New Business Chapter
Firms wishing to engage in sugar manufacturing face significant barriers to entry. A major factor inhibiting entry is access to raw supplies. The presence of internationally owned companies and medium- and long-term supply contracts in both raw and refined sugar markets can act as a major impediment to entry. Although the deregulation of the Queensland sugar industry has allowed canegrowers to sell their harvest to the mill of their choice, most canegrowers have contracts with mills to sell to them for a set period. This arrangement may limit the ability of new millers to secure sugar cane for processing. The land available for agriculture is also declining, so the difficulty of sourcing raw supplies may increase in the future... purchase to read more