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The food, beverage and grocery products industry is: - A major contributor to the Australian economy – generates sales and service income in excess of $100 billion annually.
- Australia’s largest manufacturing sector – 28 per cent of total manufacturing.
- Australia’s largest manufacturing employer - 315,000 people.
- A significant source of regional jobs - 152,000 employees in rural and regional areas.
- The sector accounts for 9.1 per cent of Australia's total international trade valued at $49 billion in 2008-09.
- The industry exported $25 billion worth of value-added products in 2008-09.
- The industry is export focused but imports are rising fast, eroding the trade surplus historically enjoyed by the industry.
- The value of food and beverage imports has risen by 40 per cent in the last five years.
- A significant investor – $3.8 billion on capital expenditure in 2006-07.
- A leading innovator - $500 million a year spent on R&D.
- A major market for Australian produce – sources more than 90 per cent of ingredients from Australian agriculture.
For more information, click on the link below to download a copy our State of the Industry 2009 report.
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