Rice, seafood, grapes, cider, meat, dairy and vitamin and supplements are among the industry's stellar performers in terms of export growth according to IBISWorld.
According to the researcher's list of the nation’s top 20 industries in terms of export growth, strong demand for Australia's meat has led to export growth of 13.3 per cent per annum over the last five years, and milk and cream processing grew by 14.2 per cent.
Rice exports account for 61.5 per cent of industry revenue and are estimated to generate revenue of more than $619 million in 2015-16, with revenue increasing at an annual rate of 29.5 per cent over the past five years.
By 2020-21, the value of rice exports is anticipated to be $468.1 million, up from $380.7 million in 2015-16.
Exports in the seafood processing industry are forecast to have grown by an annualised 27.3 per cent over the five years, to account for 75.4 per cent of industry revenue in 2015-16.
- Rice growing has experienced 29.5% export growth to 2015-16.
- Seafood processing has experienced 27.3% export growth to 2015-16.
- Grape growing has experienced 13.3% export growth to 2015-16.
- Cider production has experienced 6.6% export growth to 2015-16.
- Vitamin and supplement manufacturing has experienced 9.9% export growth to 2015-16.
