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 to this, demand from major markets such as the Australian motor vehicle manufacturing industry is weakening and is therefore unable to offer much respite. Consequently, industry revenue is estimated to decline by an annualised 3.3% over the five years through 2012-13 to reach $843.1 million. Industry revenue is expected to grow at a marginal 0.7%... purchase to read more
Industry Report - Industry Products Chapter
Foam and sponge rubber is comfortably the largest product segment within the industry. The customised sponge and foam rubber products manufactured by the industry are used in household furnishings, automotive upholsteries and pillows. This segment is less volatile and generally moves in line with economic conditions. Demand decreased during the downturn but has since been rising.
Rubber hoses and belts
Rubber hoses and belts are frequently replaced in automobiles and trucks, generating a strong replacement aftermarket for these products. The industry also supplies original equipment manufacturers (i.e. car manufacturers) with these products... purchase to read more