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 a high Australian dollar over most of the past five years has further reduced industry operators' price competitiveness... purchase to read more
Industry Report - Industry Investment Chapter
The level of capital intensity varies between different product segments of the Synthetic and Natural Textile Manufacturing industry. Wool scouring is highly capital intensive, while natural textile manufacturing is more labour intensive. Overall, IBISWorld estimates that the industry spends $3.48 on wages for every dollar spent on capital. This indicates that the industry's level of capital intensity is medium.
Within the textile sector, competition from low-cost producers has increased over the past five years. Australian manufacturers have responded to high wages by automating process where possible. This process is expected to continue as manufacturing shifts towards commodity-scale production... purchase to read more