International markets
Exporting can be a profitable way of expanding your business, spreading your risks and reducing your dependence on the local market. Research shows on average businesses exporting internationally are more profitable than their non-exporting counterparts.
South Australia’s top food export markets are Japan, USA. Hong Kong and Korea. A total of $1.3 billion in finished foods was exported overseas in 2008-09 representing a growth of 9% per annum according to the latest Scorecard.
In South Australia, Food Adelaide (South Australian Food & Beverage Exporters Association Inc) and Council for International Trade and Commerce SA Inc (CITCSA) in partnership with the SA Food Centre deliver the international market development program of the SA Food Plan.
Food Adelaide provides specific services to ‘export ready businesses’ in targeted export markets. It focuses on exhibits at trade shows, in-market promotions and an international buyers’ program. Working with importers, wholesalers, retailers and reliable suppliers to develop overseas market opportunities, Food Adelaide identifies proven suppliers of products for international buyers, arranges business connections with suppliers of relevant products and provides ongoing in-market support.
Coordinating a range of tradeshows, Food Adelaide ensures a South Australian presence at international tradeshows such as The Fancy Food Show, Gulfood, Food and Hotel Asia, Hofex and more.The Department of Trade and Economic Development (DTED) also supports the development of international markets through its network of in-market commercial representatives.
Understanding consumers is a key factor in deciding to enter a new market.
You need to:
- Understand the trends in the market
- Identify possible markets
- Research these markets
- Understand your chosen markets
Entering a new market can be challenging. You should first identify a gap in that market.
You need to select a market that is:
- accessible
- large enough to make a profit
-
reasonably homogeneous
Want more information?
Our exporting page will also provide more detailed advice about selecting the right countries, and how to access expert advice to help your business grow.
How has the SA Food Centre helped others?
There are many examples of assistance offered to South Australian food businesses.
Articles
Exposure in Asia
To China, with love
Ciao Italy!
Singaporean success
Think West for new markets
Who can I contact?
Food Adelaide or the SA Food Centre are on hand to assist your food business. They can provide advice and assess your business needs.
- Page last modified: November 15, 2011, 5:49 pm
- Welcome URL is http://www.safoodcentre.com.au/
- This page: http://www.safoodcentre.com.au/distributions/international_market_access
