This Class consists of units mainly engaged in manufacturing commercial or industrial machinery used in the manufacture of food products. The Industry C2863 - Food Processing Machinery Manufacturing in Australia ranks 395 out of 496 by industry turnover and its life cycle is in a mature phase, which means that the industry is generally growing at at the same rate as the economy. Capital/labour intensity is low and the uptake of new technology is medium.
The industry's globalisation level is low and the trend is steady. The industry has a medium level of exports, which means exports generate between 5% and 25% of the industry's turnover.
The industry has a high level of imports, which means imports generate more than 25% of the industry's domestic demand.
The trend for exports is increasing and for imports it's decreasing.
The level of regulation is light and steady and government assistance is low and steady. This industry is forecast to have a moderate average annualised growth rate over the next five years.
A full analysis of each of the above conditions and more is available in every IBISWorld industry report!