Industry Analysis & Industry Trends
Australia imports most of the spirits it consumes. As a result, the Spirit Manufacturing industry supplies less than 40% of domestic demand. For many products, some degree of transformation occurs domestically, particularly in the case of ready-to-drink (RTD) beverages. The primary spirit manufactured domestically is rum, made from sugar cane, while spirits that are mixed or blended locally are also considered as manufactured in Australia. Many industry participants are engaged in transforming high-proof spirits to low-proof products such as RTDs and liqueurs. As the manufacturing of Australian spirits has developed, particularly with gin and whisky, industry revenue is forecast to have grown at an annualised 1.8% over the five years through 2014-15... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
IBISWorld expects that the Spirit Manufacturing industry is in the mature phase of its economic life cycle. Industry value added (IVA) is forecast to increase at annualised 2.5% over the 10 years through 2019-20, underperforming the Australian economy. GDP is estimated to grow at 2.7% over the same period. The industry's IVA has increased significantly over the past four years. Higher domestic manufacturing and slowing imports have given domestic manufacturers, particularly smaller and newer entrants that target high-value niche markets, a chance to expand product ranges.
There have been a number of new product introductions and the inclusion of a more diverse range of spirits manufactured in Australia... purchase to read more