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. Meanwhile, demand from major markets such as the Motor Vehicle Manufacturing industry is weakening. Industry revenue is expected to decline at an annualised 0.5% over the five years through 2015-16. However, industry revenue is expected to grow by 0.9% over 2015-16, to reach $865.3 million. The current-year revenue increase is being driven by growth in export markets caused by depreciations in the Australian dollar.
The industry manufactures a range of rubber products, from rubber washers to the rubber belts used in car engines. Over 60.0%... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Natural Rubber Product Manufacturing industry exhibits a low level of market share concentration. The top four industry operators are estimated to account for less than 10.0% of industry revenue. Industry operators are extremely fragmented with a high level of specialisation. High levels of imports and a small domestic market limit the ability of industry operators to develop significant scale.
This industry produces a wide range of products made from natural rubber. Production processes for many of these products are not adaptable to other segments of the industry. The concentration at the production level is therefore much higher than that of the industry... purchase to read more