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, demand from major markets such as the Motor Vehicle Manufacturing industry is weakening and is therefore unable to offer much respite. However, industry revenue is estimated to increase by an annualised 3.3% over the five years through 2013-14. This growth is mainly due to a recovery from a large fall in 2008-09. Industry revenue is expected to grow by 5.4% to $904.7... purchase to read more
Industry Report - Industry Locations Chapter
The Natural Rubber Product Manufacturing industry is concentrated in New South Wales and Victoria. Automotive manufacturing activity and construction activity are major determinants of industry geographic concentration. The concentration of business entities in Victoria and New South Wales reflects the proximity of Melbourne and Sydney to major suppliers of raw materials and key industry customers. New South Wales and Victoria combined account for most manufacturing and construction sector locations in Australia.
Queensland, one of the fastest growing locations for construction activity, is also the fastest growing location for industry activity. Queensland is also home to some of the largest industry operators... purchase to read more