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. Relatively high local wages and overheads have increased the threat of 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, which represents a 1.4% increase on the previous year... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Australia's Fruit and Vegetable Processing industry is in the decline phase of its life cycle, as indicated by weak growth in industry value added, falling establishment numbers, minimal product innovation and limited technological change.
Industry value added (IVA) is a measure of an industry's contribution to the wider economy. Over the 10 years through 2019-20, IVA is forecast to increase by an annualised 0.8%. Comparatively, GDP is forecast to grow by 2.7% annualised over the same period. This indicates that the industry's contribution to GDP is falling. Challenges for the industry include increasing competition from imported and private-label products, market saturation and volatile input prices... purchase to read more