Australia

Details

  • Industry: Agribusiness, Food, Drink & Consumer Products
  • Type: Benchmarking study
  • Date: 8/11/2013

Australian Food and Grocery Council: State of the Industry 2013 

The Australian Food and Grocery Council's State of the Industry 2013 report, commissioned from KPMG, indicates that there are signs of strong growth within the industry, despite a tough economic environment and a variety of challenges including high costs and retail price deflation.
Australian Food and Grocery Council: State of the Industry cover
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The report, based on an extensive set of historical and updated data, provides a detailed economic snapshot of Australia’s resilient $111.2 billion food and grocery manufacturing sector and highlights its ongoing contribution to the Australian economy.

 

Key insights

  • Highlighting its resilience to a shifting economy, there was a significant 26 percent increase in capital investment in food manufacturing and about $535.8 million spent on research and development. This is also reflected in the $31.4 billion combined industry value-add to Australia’s gross domestic product.
  • Exports remain a strong element of the industry with businesses in 2012-13 accounting for $50.8 billion of international trade.
  • The sector remains a stable employer with only a marginal fall in hires by 0.4 percent.
  • When compared with 42 international food and beverage companies, Australia is on par with gross margin performance however EBIT is 300B basis points lower than the international comparator group.
  • Australia is one of the most expensive countries for manufacturing, ranking second to Japan for cost of doing business in the manufacturing sector in 2012.
 

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Food, Drink & Consumer Products

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