Industry Analysis & Industry Trends
Australia imports most of the spirits it consumes. As a result, the Spirit Manufacturing industry only supplies 39.9% 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 has grown at a compound annual rate of 2.5% over the five years through 2013-14. Growth over 2013-14 of 2.9%... 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 a compound annual rate of 2.5% over the five years through 2013-14, with the weak consumer environment and competition from other alcoholic beverages weighing on sales. Revenue is forecast to grow by 2.9% in 2013-14, to reach $557.9 million.
Revenue under pressure
The industry will face fierce competition from other alcoholic beverages, particularly cider, wine, imported spirits and craft beers. Cider, in particular, has exploded in popularity among young drinkers in recent years... purchase to read more