The market is dominated by domestic suppliers, as imports account for 6.5% of total market size in 2023. B2B drives market demand, with B2B spending representing 70.7% of total demand in 2023. Australia has the ninth largest market size for sugar across the top 20 developed countries, with demand reaching USD1.7 billion in 2023. Wilmar Sugar Australia Ltd is the largest company in Australia, generating 43.4% of the industry’s total production value in 2023. The industry is concentrated, with the top five companies generating 85.8% of total production value in 2023. The total number of companies remains unchanged in 2023. The costs of the industry decrease by 3.7% in 2023, largely driven by declining B2B costs. The industry’s profitability increases and stands at 12.0% of production value in 2023, the third highest across the top 20 developed countries. The industry’s exports share decreases in 2023 to 35.5% of total production output. With production value of USD2.1 billion, Australia accounts for 98.1% of the Australasia total in 2023.
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This Euromonitor industrial report provides unique information on Sugar in Australia: ISIC 1542. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Sugar in Australia: ISIC 1542 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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