Australia’s economy is set to deliver strong growth in many sectors. The top industries expected to experience growth in Australia over the next five years, include;
This is expected to rise rapidly with increasing gas output, discovery of new fields and expanded production at existing fields. Australia is slated to deliver vast supplies to SE Asia in the next 10 to 15 years.
The diversion of sugar cane into ethanol is driving up the price of sugar and has pushed up Australian sugar production.
Consumers are becoming increasingly wary of their food choices, with organic food being the most popular trend. In Asia Australian foods are considered of the highest quality, especially baby foods and milk powder. In particular the demand for organic baby foods is growing as families seek to reduce the preservatives and chemicals going into their children’s diet.
The trend towards higher density housing in the cities is increasing as the population migrates further into the cities to reduce travel times.
The industry growth forecast here is >9%, with big house-name retailers unveiling online platforms. Expanding product lines, and greater convenience for customers ensure a booming popularity in years to come; especially in realm of purchases made via mobile devices. This is projected to increase by more than 50% in 2012-2013.