State of the Industry 2014 Report: Turnover and Exports Up, but Job Shedding Continues
The Australian Food and Grocery Council’s (AFGC) sixth annual industry snapshot State of the Industry 2014 released today, shows signs of growth opportunities for the Australian food and beverage, grocery and fresh produce sector despite challenging economic conditions.
AFGC CEO Mr Gary Dawson said the State of the Industry 2014 highlights strong growth in food and beverage exports and a slight lift in overall industry turnover, but employment levels still falling in Australia’s largest manufacturing sector.
“Another 2500 jobs disappeared from the food, beverage and grocery processing sector last year. The sector still employs almost 300,000 Australians with a large proportion in regional and rural areas.
“The data shows accelerating growth in exports in 2013-14 – across the sector up by more than 8%.
“In food and beverage the export growth is even stronger with the two largest sub-sectors, meat and dairy, rising 24.5% and 19% respectively.
“These are impressive numbers and the AFGC report confirms that this is a sector worth backing. A sector with great potential to deliver jobs and growth in the future.
“But clearly we need to grow the sector faster to generate a net increase in jobs,” Mr Dawson said.
Key facts from the State of the Industry 2014 report on the food, beverage and grocery sector, using the most up to date data from the ABS and other sources:
- Industry turnover $114 bn, up 0.9%; 2012-13 data
- Direct employment 299,731, down 2,571; 2013-14 data
- 45% of jobs are in rural and regional Australia; 2013-14 data
- Industry made up of 27,469 businesses;2013-14 data
- Industry value-add $31.3 bn; 2012-13 data
- R& D spend of $541.8 m per annum; 2011-12 data
- Total international trade $55.9 bn (up 7.3%); 2013-14 data
- Food and beverage exports $21.9 bn (up 13.5%). 2013-14 data
Contact: James Mathews 040 741 6002