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 Locations Chapter
The industry is highly concentrated in the two most populous states, Victoria and New South Wales. These states account for about 74.8% of total industry establishments in 2013-14. The industry is well developed in Victoria, which is home to an estimated 52.2% of industry establishments. This is significantly greater than the state's share of population, at about 24.8%. The industry also has a considerable presence in Queensland, with about 9.4% of establishments.
These distributions reflect historical trends. Traditionally, establishment decisions have been partly driven by proximity to consumer markets. The dominance of Victoria and New South Wales can be largely explained by the states' relatively large textile markets, shipping ports and transport hubs... purchase to read more