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 SWOT Analysis Chapter
The Natural Rubber Product Manufacturing industry is in the decline phase of its life cycle. This is due largely to the diminishing importance of manufacturing in Australia and increasing import competition from low labour cost countries, particularly from Asia. The industry’s contribution to the economy, measured by the Industry Value Added, is estimated to decline at an annualised 2.6% over the 10 years through 2020-21. In contrast, the economy is expected to grow, with real GDP forecast to increase by 2.6% over the same period. This underperformance suggests that the industry’s economic contribution is shrinking, a key characteristic of an industry in the decline stage of its life cycle... purchase to read more