2014-02-07 07:19:03 - Engines and Turbines, Except Aircraft, Vehicle and Cycle Engines in Australia: ISIC 2911 - a new market research report on companiesandmarkets.com
Australian market for engines and turbines, except aircraft, vehicle and cycle engines, increases by 2% to reach A$1.1 billion in 2012, underpinned by positive performance of marine-and energy-related industries.
Imports constitute 83% of Australian market in 2012, up from 81% in 2007, representing greater dependence on international trade. Turbines category grows 6% in current value terms over 2007-2012 to reach A$681 million. Local manufacturers´ revenue grows less than 2% over review period, as international competition prevails.
Australian engines and turbines industry´s exports account for 37% of total output in 2012. Production turnover expected to increase at 4% CAGR over forecast period to reach A$343 million in 2018.
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