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 Products Chapter
The fortunes of the industry's product segments are highly dependent on changes in demand from downstream industries. Products sold to growing sectors such as mining and construction have gained industry revenue share over the past five years. Meanwhile, products sold to declining industries, including many in the manufacturing sector, have been losing share.
Rubber belting is the largest product segment in the industry, accounting for almost half of all industry revenue. Rubber belts are frequently used as inputs for automotive manufacturing and repair. Rubber conveyor belts also make up a large portion of this product segment. Products are often sold to manufacturers, and mining and materials handling companies... purchase to read more