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 Locations Chapter
Industry activity is heavily concentrated in Queensland. Since sugar cane quality declines quickly after harvesting, sugar processors tend to locate close to sugar cane farms. Therefore, it is not surprising that the Sugar Manufacturing industry is heavily concentrated in Queensland. The state provides ideal climate conditions for canegrowers due to its subtropical weather patterns characterised by high annual rainfall. It also has a reliable irrigation water supply and good infrastructure including seven bulk-shipping terminals. Queensland currently has the majority of Australian sugar mills, mostly located in Bundaberg and between Mackay and Cairns... purchase to read more