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 the strength of the Australian dollar until late 2013 reduced industry operators' price competitiveness.
Synthetic and natural textile manufacturers produce fabric and yarn that is 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 71.0% of total industry establishments in 2014-15. The industry is well developed in Victoria, which is home to an estimated 48.5% of industry establishments. While this is significantly greater than the state's share of population, at about 24.9%, 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 13.8% 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