Industry Analysis & Industry Trends
As with numerous manufacturing industries in Australia, the Natural Rubber Product Manufacturing industry is facing stiff competition from imports. Local manufacturers are finding it increasingly difficult to compete on prices, much to the industry’s detriment. In addition, demand from major markets such as the Motor Vehicle Manufacturing industry is weakening and is therefore unable to offer much respite. Industry revenue is estimated to increase at an annualised 0.2% over the five years through 2014-15. Growth has been relatively weak due to a strong rebound in 2009-10, after the financial crisis. Industry revenue is expected to grow by 3.5% to $925.3... purchase to read more
Industry Report - Industry Analysis Chapter
The Natural Rubber Product Manufacturing industry has been feeling the pressure of import penetration and high wage costs. These challenges have been 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 at a subdued annualised 0.2% over the five years through 2014-15, to reach $925.3 million. Over this period, industry participation growth is expected to be slow, with enterprise and establishment numbers mostly stagnant.
Prior to 2009-10, the global financial crisis reduced demand across most segments of the industry, which meant that manufacturers struggled to maintain revenue growth... purchase to read more