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 to this, demand from major markets such as the Australian motor vehicle manufacturing industry is weakening and is therefore unable to offer much respite. Consequently, industry revenue is estimated to decline by an annualised 3.3% over the five years through 2012-13 to reach $843.1 million. Industry revenue is expected to grow at a marginal 0.7%... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Natural Rubber Product Manufacturing industry is deemed to be in the decline phase of its life cycle, due largely to the diminishing importance of manufacturing in Australia, along with increasing import competition from low labour cost countries, particularly in Asia. The industry's contribution to the economy (industry value added) is estimated to decline by an annualised 2.2% over the five years through 2017-18. Meanwhile, the economy is expected to grow, with GDP forecast to grow by an annualised 2.4% over the 10 years through 2017-18. The drop in industry value added and the growth in GDP suggests the industry's economic contribution is shrinking in proportion to the economy. Consequently, the industry is estimated to be in the decline stage of its life cycle... purchase to read more