Industry Analysis & Industry Trends
The Synthetic and Natural Textile Manufacturing industry is characterised by declining revenue, employment and establishment numbers. The industry is also suffering as the local downstream textile industries it supplies struggle to compete with cheaper imports into the local market and increased imports of completed downstream textile products. As the textile, clothing and footwear (TCF) sector shrinks in Australia, so does demand for this industry's products. Also, lower demand from TCF industries is expected to result in imports dropping by 11.1% to $519.3 million in 2012-13... purchase to read more
Industry Report - Starting a New Business Chapter
New firms face strong competition from industry incumbents. It can be especially difficult for potential participants to gain a foothold into the market because they compete against manufacturers with established brand strengths and proven marketing capabilities. Competition is restricted by the fact that there are barriers to gaining access to consumers. In this context, firms are increasingly awarding supplier contracts to a smaller number of firms. This can restrict the development of competition.
The level of capital investment needed to establish certain industry operations can act as another hurdle for new participants. For instance, spinning is fairly capital intensive and requires large upfront investments in plant and machinery... purchase to read more