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 - 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 $5.49 on wages for every dollar spent on capital. This indicates a moderate level of capital intensity for the industry.
In the textile sector, competition from low-cost producers has increased over the past five years. Australian manufacturers have responded to high wage costs by using automated processes where possible. This trend is expected to continue as manufacturing shifts towards commodity-scale production... purchase to read more