Industry Analysis & Industry Trends
The Synthetic and Natural Textile Manufacturing industry is characterised by declining revenue, employment and establishment numbers. The industry is also suffering as the local downstream textile industries it supplies struggle to compete with cheaper imports into the local market and increased imports of completed downstream textile products. As the textile, clothing and footwear (TCF) sector shrinks in Australia, so does demand for this industry's products. Also, lower demand from TCF industries is expected to result in imports dropping by 11.1% to $519.3 million in 2012-13... purchase to read more
Industry Report - Industry Analysis Chapter
The Synthetic and Natural Textile Manufacturing industry has contracted dramatically in the past decade. In the five years through 2012-13, industry revenue is expected to decline by an annualised 12.9%. The industry continues to export about 70% of its products, despite significant export competition from other manufacturing countries, especially China. However, unlike most other Australian TCF industries, the industry has benefited from a decline in competing import penetration over the past decade.
Over the past five years, the state of the industry has changed significantly... purchase to read more