The market is dominated by domestic suppliers, as imports account for 48.5% of total market size in 2022. Households drive market demand, with household spending representing 74.3% of total demand in 2022. Australia has the 11th largest market size for coffee, tea, spices and ready meals across the top 20 developed countries, with demand reaching USD9.7 billion in 2022. Mars Wrigley Australia Holdings Pty Ltd is the largest company in Australia, generating 20.6% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 89.7% of total production value in 2022. The total number of companies increases in 2022, to 1,823 units. The costs of the industry decrease by 0.8% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 16.5% of production value in 2022, the third highest across the top 20 developed countries. The industry’s exports share increases in 2022 to 21.9% of total production output. With production value of USD5.8 billion, Australia accounts for 68.6% of the Australasia total in 2022.
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This Euromonitor industrial report provides unique information on Coffee, Tea, Spices and Ready Meals in Australia: ISIC 1549. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Coffee, Tea, Spices and Ready Meals in Australia: ISIC 1549 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of food, beverages, and tobacco products.
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