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 Analysis Chapter
The Natural Rubber Product Manufacturing industry has been under pressure from import penetration and high wage costs. However, the industry has had some positive developments in trading conditions. Significant declines in the world price of rubber over the past five years have provided some relief to the industry and supported profit margins. An increase in construction activity has also provided some growth in the domestic market and supported industry revenue. Meanwhile, depreciations in the value of the Australian dollar since 2012-13 have boosted export competitiveness and are expected to support industry growth over 2014-15 and 2015-16. Growth in exports is expected to drive an industry revenue increase of 0.9% over 2015-16... purchase to read more