Industry value added is the value added by an industry to the intermediate inputs used by the industry.
In 2004-05, the industry value added of the Manufacturing industry was $2,226m, an increase of 2.1% from the 2003-04 figure of $2,180m. This followed a 6.1% increase in the previous financial year. This shows that over the period 2002-03 to 2004-05, the Manufacturing industry's overall ability to add value to inputs improved.
In 2004-05 the largest industry subdivision was Metal product manufacturing, accounting for $572m (25.7% of total), and overtaking Wood and paper product manufacturing, which was the leading subdivision for the previous two years.
INDUSTRY VALUE ADDED, Tasmania (r)
|
 | 2002-03 | 2003-04 | 2004-05 |
 |  |  |  |
| Industry subdivision | $m | $m | $m |
|
| Food, beverage & tobacco manufacturing | 496 | 475 | 455 |
| Textile, clothing, footwear & leather manufacturing | 69 | 64 | 53 |
| Wood & paper product manufacturing | 576 | 594 | 527 |
| Printing, publishing & recorded media | 102 | 103 | 121 |
| Petroleum, coal, chemical & associated product manufacturing | 152 | 152 | 133 |
| Non-metallic mineral product manufacturing | 119 | 107 | 101 |
| Metal product manufacturing | 312 | 422 | 572 |
| Machinery & equipment manufacturing | 193 | 217 | 219 |
| Other manufacturing | 37 | 45 | 44 |
| Total manufacturing | 2,055 | 2,180 | 2,226 |
r revised
Source: Manufacturing Industry, Australia (cat. no. 8221.0). |
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