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 Analysis Chapter
The Spirit Manufacturing industry has endured mixed results during the past five years. While sales of RTDs have fallen, demand for bottled spirits and ready-to-serve cocktail products has increased. The industry is expected to grow at an annualised 1.8% over the five years through 2014-15, with the weak consumer environment and competition from other alcoholic beverages weighing on sales. Revenue is forecast to grow by 2.4% in 2014-15, to reach $508.8 million, with recovering domestic retail conditions and a weaker Australian dollar assisting domestic manufacturers since 2013.
Revenue under pressure
Over the past five years, the industry has faced fierce competition from other alcoholic beverages, particularly cider, wine, imported spirits and craft beers... purchase to read more