Australian sugar manufacturing sector grows to $3.9 billion
Australia’s sugar manufacturing industry has grown at a 2.3% annual rate over the past five years, reaching about \$3.9 billion in value, according to IBISWorld. Export demand has helped offset weather and price volatility, with Queensland’s six bulk sugar terminals and strong transport infrastructure supporting efficient processing and shipment.
The Australian sugar manufacturing sector has grown steadily over the last five years to be worth approximately $3.9 billion, according to new figures from IBISWorld.
The market research firm’s Sugar Manufacturing in Australia – Market Research Report (2015-2030) finds that the Queensland-dominated industry achieved a compound annual growth rate of 2.3 per cent over the last five years.
Export growth has helped the industry counter fluctuating weather patterns and commodity prices in that time.
An advanced infrastructure and transport network has developed in Queensland and northern New South Wales to move sugarcane from farms to mills, then to export markets after processing.
“Queensland has six purpose-built bulk sugar terminals positioned at deep-sea ports across the state’s east coast,” a report summary explains.
“The terminals are strategically positioned to best serve the major manufacturers, ensuring storage maintains high product quality before exportation.
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Source : AU Manufacturing
