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 Analysis Chapter
The Natural Rubber Product Manufacturing industry is feeling the pressure of globalisation, high wage costs and a strong local currency. These challenges are significant and for some businesses, insurmountable. The volatile price of rubber has led to soaring costs within the industry. Industry revenue is forecast to increase by an annualised 3.3% over the five years through 2013-14, to reach $904.7 million. This rise is due to a 20.5% fall during 2008-09, which created a low starting point. Therefore the overall revenue growth is not representative of trends in the industry over the past five years.
The global financial crisis led to a decline in demand across most segments of the industry, which meant that manufacturers struggled to maintain revenue growth... purchase to read more