Industry Analysis & Industry Trends
Rising import penetration and soaring local operating costs have plagued the Fruit and Vegetable Processing industry over the past five years. Industry revenue is anticipated to fall by an annualised 0.4% over the five years through 2014-15. High local wages and overheads relative to overseas producers have led to firms increasingly relocating processing facilities offshore, as major players attempt to consolidate operations and lower costs. Chronic supply-side issues hampered by adverse weather conditions have increased input prices, thereby undermining the competitiveness of local players. In 2014-15, industry revenue is forecast to reach $5.9 billion, representing a 1.4% increase on the previous year... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Fruit and Vegetable Processing industry displays a low level of market share concentration. A mix of small, medium and large firms generate revenue. Only 21.8% of operators in the industry generate revenue of $2.0 million per year or more, while another 32.6% earn between $200,000 and $2.0 million. This is due to the multitude of products included in the industry, which indicates that there are firms that manufacture in smaller volumes and target a particular niche. The top four players account for less than 40% of industry revenue, and are often subsidiaries of multinational firms.
Local processing facilities are struggling to achieve economies of scale, which precludes major players from acquiring a greater proportion of industry revenue... purchase to read more