The Australian manufacturing industry is a vital part of the country's economy, contributing 5.6% to its GDP in 2020 and generating total income of around $395.9 billion during 2017-18. This blog post will explore some key statistics about this important sector, including information on SMEs (small and medium-sized enterprises), employment figures, value added manufacturing output, exports and imports data as well as energy consumption levels. We'll also look at research & development expenditure by the industry along with investments made in machinery & equipment over recent years.
Australian Manufacturing Industry Statistics Overview
In 2020, food product manufacturing accounted for the largest share of Australia's manufacturing sector, at 23%.
This statistic is a telling indication of the importance of food product manufacturing in Australia's manufacturing sector. It highlights the significance of this sector in the overall manufacturing industry, and the need for continued investment and support to ensure its continued success. It also serves as a reminder of the importance of the food industry in Australia's economy, and the need to ensure that it remains a viable and profitable sector.
Australian manufacturing labor productivity increased by 1% in 2020.
The 1% increase in Australian manufacturing labor productivity in 2020 is a testament to the resilience of the industry in the face of a tumultuous year. It is a sign that the industry is continuing to innovate and adapt to the changing economic landscape, and is a positive indicator of the industry's future prospects. This statistic is a reminder that the Australian manufacturing industry is still a major contributor to the nation's economy and is a key driver of economic growth.
The total manufacturing exports by Australia constituted around $51 billion in 2018-19.
This statistic is a testament to the strength of the Australian manufacturing industry, showing that it is a major contributor to the country's exports. It highlights the importance of the industry to the economy, and demonstrates the potential for further growth in the sector. It also serves as a reminder of the need to continue to invest in the industry, in order to ensure its continued success.
In 2019, Australian manufacturing sales of goods and services totaled about $408.5 billion.
This statistic is a testament to the strength of the Australian manufacturing industry, demonstrating that it is a major contributor to the nation's economy. It highlights the importance of the industry in providing goods and services to the public, and the impact it has on the country's overall economic health. It also serves as a reminder of the need to continue to invest in the industry and ensure its long-term sustainability.
Machinery and equipment manufacturing accounted for 17% of Australia's total manufacturing industry in 2020.
This statistic is a telling indication of the importance of machinery and equipment manufacturing to the Australian manufacturing industry. It highlights the fact that this sector is a major contributor to the industry, and that it is a key component of the nation's economy. This statistic is a reminder of the need to continue to invest in and support this sector, in order to ensure that the Australian manufacturing industry remains competitive and successful.
Metal products manufacturing comprised about 15% of Australia's manufacturing industry in 2020.
This statistic is a telling indication of the importance of metal products manufacturing in Australia's manufacturing industry. It highlights the significance of this sector in the overall industry, and the impact it has on the economy. It also serves as a reminder of the need to invest in this sector to ensure its continued growth and success.
The Australian manufacturing industry experienced annual growth of 2.9% in output between 2016 and 2020.
This statistic is a testament to the resilience of the Australian manufacturing industry, showing that despite the challenges of the past few years, it has still managed to grow and thrive. It is a sign that the industry is on the right track and is well-positioned to continue to grow in the future. This is an encouraging sign for those in the industry, and for those looking to invest in it.
Australia's manufacturing industry had a total operating profit of approximately $17.3 billion in 2017-18.
This statistic is a testament to the success of Australia's manufacturing industry in 2017-18, demonstrating that the sector is a major contributor to the nation's economy. It highlights the importance of the industry and its ability to generate significant profits, which can be reinvested into the industry to further its growth and development.
Australian manufacturing industry investments totaled around $7.68 billion in 2019-20.
This statistic is a testament to the strength of the Australian manufacturing industry, showing that investments in the sector totaled a whopping $7.68 billion in 2019-20. This figure is indicative of the industry's resilience and potential for growth, and serves as a reminder of the importance of the manufacturing sector to the Australian economy.
Manufacturing accounts for approximately 35% of Australia's total research and development expenditure.
This statistic is a testament to the importance of the manufacturing industry in Australia. It highlights the significant investment that is being made in research and development, which is essential for the growth and success of the industry. It also demonstrates the commitment of the government and private sector to the sector, which is essential for its continued success. This statistic is a reminder of the importance of the manufacturing industry in Australia and the need to continue to invest in it.
In 2020, petroleum, coal, chemicals, and rubber product manufacturing accounted for 13% of Australia's manufacturing industry.
This statistic is a telling indication of the importance of petroleum, coal, chemicals, and rubber product manufacturing to the Australian manufacturing industry. It highlights the fact that these industries are major contributors to the overall manufacturing sector, and that their success is integral to the success of the entire industry. This is an important point to consider when discussing the state of the Australian manufacturing industry, as it provides insight into the industries that are driving the sector forward.
In 2019, non-metallic mineral product manufacturing employed around 19,565 people in Australia.
This statistic is a telling indication of the importance of non-metallic mineral product manufacturing in Australia. It highlights the fact that this sector is a major employer in the country, providing jobs to nearly 20,000 people in 2019. This is a significant contribution to the Australian economy and demonstrates the strength of the manufacturing industry in the country.
Conclusion
The Australian manufacturing industry is a major contributor to the country's economy, with its contribution to GDP standing at 5.6% in 2020 and total income of around $395.9 billion during 2017-18. Over 95% of Australia's manufacturing businesses are SMEs (small and medium-sized enterprises), while there were approximately 861,000 jobs in 2021 related to this sector. Food product manufacturing accounted for the largest share of Australia’s manufacturing sector output at 23%, followed by machinery and equipment (17%) and metal products (15%). Value added or advanced manufacturing contributed 48% towards overall industry output in 2017, while exports constituted around $51 billion in 2018-19. The labor productivity increased by 1%, investments totaled around $7.68 billion in 2019-20, energy consumption was 3183 petajoules - about 41% of nation’s total energy consumption - whereas research & development expenditure stood at 35%. Pharmaceutical & medicinal products manufactured within Australia accounted for 1.46 % globally; non metallic mineral product employed 19,565 people; annual growth rate investment on machinery & equipment was 065%. All these statistics point out that despite some challenges faced due to COVID pandemic situation last year ,the Australian Manufacturing Industry has been resilient enough over time .
References
0. - https://www.sciencebusiness.net
1. - https://www.ibisworld.com
2. - https://www.aph.gov.au
3. - https://www.profiles.ala.org.au
4. - https://www.abs.gov.au
