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 Analysis Chapter
The industry has contracted dramatically over the past decade. This is due to decreasing demand for Australian textile products in both international and domestic markets. Intense competition from producers in developing countries has negatively affected industry operators and the industry’s downstream markets. High costs for operators and a high Australian dollar until late 2013 have further hampered growth. Industry revenue is expected to fall at an annualised 5.8% over the five years through 2014-15, to $506.5 million. This includes a contraction of 3.5% over the current year... purchase to read more