Industry Analysis & Industry Trends
Men's and boys' wear manufacturing has undergone significant losses over the past five years as the industry has struggled to compete with international competitors that have significant advantages in cost per unit production as they operate in economies of scale. Low wage costs overseas have intensified competition, while a high Australian dollar has further exacerbated anaemic industry demand as consumers became more price sensitive in the wake of the global financial crisis. As a result, industry revenue has declined by a compound annual growth rate of 7.1% over the five years through 2012-13 and is currently worth $265 million. The industry has continued to struggle in 2012-13, declining by 2.8% as conditions improve more slowly than expected... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Men's and Boys' Wear Manufacturing industry is characterised by a very low level of market share concentration. The industry has become highly fragmented as all major players have left the industry over time as production costs have becoming exceedingly expensive in Australia. Opportunities in Asia to produce with far lower wages and capital costs have resulted in an exodus of companies looking to increase profit margins. There are no longer any major players within the industry and the largest companies make up market share of approximately 2.0% or lower. Industry operations are expected to now focus on boutique brands and niche operations in which high value added products are manufactured... purchase to read more