Industry Analysis & Industry Trends
The Sugar Manufacturing industry has faced volatile commodity prices and fluctuating weather patterns over the past five years. Despite this, industry revenue is forecast to grow at an annualised 1.8% over the five years through 2015-16, to reach $3.0 billion. World sugar prices have remained high for the majority of the past five years, although they have trended downwards over the period. Additionally, domestic sugar production has increased over the past five years. These two factors have boosted industry revenue over the period. However, a forecast reduction in raw sugar production is expected to decrease revenue by 2.1% in 2015-16.
The industry derives a large share of its revenue from exports... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Sugar Manufacturing industry is considered to be in the mature phase of its life cycle. Industry value added, a measure of the industry's contribution to the economy, is forecast to increase at an annualised 2.3% over the 10 years through 2020-21. This is a slight underperformance of the economy, with GDP projected to grow at an annualised 2.8% over the same period. Slowing growth but a consistently positive contribution to GDP is typical of mature industries.
The Sugar Manufacturing industry is characterised by well-established and stable products. Product innovations have been largely based on packaging and branding. The most recent example is single-serve, cafe-style sugar portions, which have enjoyed strong sales growth... purchase to read more