Industry Analysis & Industry Trends
Australian footwear producers have faced a tough operating environment over the past decade as the dominance of low-cost foreign competitors, tariff reductions and import penetration have caused the industry's structure to change significantly. The industry also faces skilled-labour shortages, accelerated industry reforms and companies outsourcing production overseas. Finding a significant low-cost footwear producer based in Australia is now a difficult task. However, several larger footwear manufacturers produce industrial and safety boots, while sheepskin footwear such as ugg boots has retained stable domestic output levels over the past five years.
In 2013-14, industry revenue is estimated to decline by 2.7% to total $489.3... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Footwear Manufacturing industry is in the decline stage of its life cycle. Over the 10 years through 2018-19, the industry's contribution to the economy (industry value added) is expected to fall by an annual rate of 2.4%, a weak performance when compared with annualised GDP growth of 2.5%. This indicates that the industry is growing at a slower rate than the overall economy.
IBISWorld does not expect industry revenue to increase in future years due to high import penetration levels and a declining number of firms in the industry. Declining industry numbers contributed to falling industry revenue over the past five years, with industry enterprise numbers estimated to decline at an annualised 3.0%... purchase to read more