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 Products Chapter
Fruit and vegetables are processed into products such as condiments, soups, and frozen and shelf-stable products. This includes fruits and vegetables packaged in tin cans, plastic tubs, glass jars and flexible pouches.
Frozen vegetables (excluding potatoes) are expected to represent the largest proportion of industry revenue at 20.4%. This includes peas, beans, carrots and vegetable mixes. Frozen vegetables have a relatively long shelf life and are popular, particularly when their fresh counterparts are out of season. They can also be a more cost-effective alternative in the event that consumers plan to reduce their spending... purchase to read more