Industry Analysis & Industry Trends
Over the past five years, the Synthetic and Natural Textile Manufacturing industry has faced difficult trading conditions, which have caused industry revenue to rapidly decline. 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 exchange rate fluctuations, and the strength of the Australian dollar until late 2013 reduced industry operators’ price competitiveness.
Synthetic and natural textile manufacturers produce fabric and yarn used by carpet, apparel and textile product manufacturing industries... purchase to read more
Industry Report - Industry Locations Chapter
The industry is highly concentrated in the two most populous states, Victoria and New South Wales. These states account for about 71.2% of total industry establishments in 2015-16. The industry is well developed in Victoria, which is home to an estimated 45.3% of industry establishments. While this is significantly greater than the state’s share of population, at about 25.0%, the share has declined over the past five years due to factory closures. The industry also has a considerable presence in Queensland, where an estimated 14.4% of establishments are located.
These distributions reflect historical trends. Traditionally, establishment decisions have been partly driven by proximity to consumer markets... purchase to read more