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Synthetic and Natural Textile Manufacturing in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Synthetic and Natural Textile Manufacturing Market Research Report | ANZSIC C1310 | May 2015

Hanging by a thread: Intense competition from overseas manufacturers has caused rapid revenue decline

IBISWorld’s Synthetic and Natural Textile Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$507m
Annual Growth 10-15
-5.8%
Annual Growth 15-20
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Profit
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Employment
1,343
Businesses
132
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

 


Industry ProductsRelated ReportsTable of Contents

What is the Synthetic and Natural Textile Manufacturing Industry?

The industry consists of operators mainly engaged in wool scouring (including wool carbonising, carding or combing of wool in manufacturing unspun wool tops), spinning yarns or weaving fabrics wholly or predominantly made of natural fibres (such as cotton or wool), and spinning yarns or weaving fabrics wholly or predominantly made of synthetic fibres.

Industry Products
Synthetic textile manufacturingWool scouringNatural textile manufacturing
 
Industry Activities
Wool scouring Woven fabric - cotton, wool, synthetic fibreFibres (excluding glass fibres)Synthetic and natural yarnContinuous fibre filamentTyre cord yarns or fabrics and synthetic fibreCotton and sewing threadsTow (from flax, hemp or jute)Labels and printed cloth


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