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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 | Apr 2016

Hanging by a thread: Intense import competition has caused rapid revenue declines

IBISWorld’s Synthetic and Natural Textile Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$448m
Annual Growth 11-16
-6.0%
Annual Growth 16-21
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Profit
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Employment
1,341
Businesses
136
Industry Analysis & Industry Trends

Over the past five years, the Synthetic and Natural Textile Manufacturing industry has faced difficult trading conditions, which have caused industry revenue to rapidly decline. 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 exchange rate fluctuations, and the strength of the Australian dollar until late 2013 reduced industry operators’ price competitiveness.

Synthetic and natural textile manufacturers produce fabric and yarn used by carpet, apparel and textile product manufacturing industries... purchase to read more

Industry Report - Starting a New Business Chapter

The level of capital investment needed to establish certain industry operations is a significant hurdle for new participants. For example, spinning and wool scouring are capital-intensive processes that require large upfront investments in plant and machinery. The textile sector's struggles have been much publicised in the media. As a result, obtaining finance for capital may prove difficult as finance companies may be reluctant to approve loans to enterprises wanting to enter a declining industry.

The high operating costs in the industry act as a further barrier to entry. The prices of wool, cotton and chemicals used to produce fabric and yarn have increased over the past five years. High price-based competition and high operating costs mean that investment returns are low... 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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