2014-04-02 07:33:01 - Non-domestic Air-conditioning, Packaging and Other General Purpose Machinery in Australia: ISIC 2919 - a new market research report on companiesandmarkets.com
Australian market for non-domestic air conditioning, packaging and other general purpose machinery increases by 24% in value terms over review period to reach A$5.6 billion in 2012. Value of Australian imports sees 3% CAGR over review period to reach A$3.7 billion; penetration down but still substantial at 77%.
Local manufacturers see turnover increase from A$1.0 billion in 2007 to A$1.4 billion in 2012, equivalent to net 39% growth over the review period. Commercial environment for industry deteriorates over review period due to escalating energy prices and high cost of capital and labour.
Exports up 8%, yet share of exported output contracts by 13 percentage points over review period, underpinned by increased domestic demand. Production turnover expected to increase at 4% CAGR over
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