Industry Analysis & Industry Trends
The Synthetic and Natural Textile Manufacturing industry has faced difficult trading conditions over the past five years, and as a result, industry revenue has declined rapidly. International trade is high and industry operators are exposed to intense competition from low-cost manufacturing countries. Industry operators have struggled to compete with foreign producers due to high average wages in Australia and increasing operating costs. The industry is vulnerable to fluctuations in the exchange rate, and a high Australian dollar over most of the past five years has further reduced industry operators' price competitiveness... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Synthetic and Natural Textile Manufacturing industry is in the decline phase of its economic life cycle. Industry value added is forecast to contract at an annualised 5.4% over the 10 years through 2018-19, compared with a 2.6% annualised growth in GDP. This means that the industry's contribution to the Australian economy is declining. High operating costs have forced operators to close or shift production facilities offshore, while remaining industry operators have consolidated their operations.
Technological change within the industry has focused on increasing operating efficiencies and product innovation, and has varied between different product segments. Wool scouring is highly energy intensive and wool scourers have invested in equipment to reduce utilities costs... purchase to read more