Industry Analysis & Industry Trends
As with numerous manufacturing industries in high labour cost countries such as Australia, the Natural Rubber Product Manufacturing industry is facing stiff competition from imports on the back of the strong Australian dollar. Local manufacturers are finding it increasingly difficult to compete on prices, much to the detriment of the industry. In addition, demand from major markets such as the Motor Vehicle Manufacturing industry is weakening and is therefore unable to offer much respite. However, industry revenue is estimated to increase by an annualised 3.3% over the five years through 2013-14. This growth is mainly due to a recovery from a large fall in 2008-09. Industry revenue is expected to grow by 5.4% to $904.7... purchase to read more
Industry Report - Industry Key Buyers Chapter
The largest four operators in the industry are estimated to account for less than 30.0% of industry revenue, which suggests a low level of market share concentration. The majority of participants in this industry are small and the largest player makes up just 10.1% of industry revenue. Market share concentration is estimated to have been steady during the past five years.
This industry produces a wide range of products made of natural rubber. Production processes for many of these products are not adaptable to other segments of the industry. The concentration at the product level is therefore much higher than concentration of the industry. Some fragmentation is due to many firms operating in set geographic markets, resulting in higher levels of concentration in some areas... purchase to read more