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 Locations Chapter
The Natural Rubber Product Manufacturing industry is concentrated in New South Wales and Victoria. Manufacturing and construction activity are major determinants of the spread of industry establishments. 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. At the same time, New South Wales and Victoria combined account for the majority of manufacturing activity within Australia.
Over the past five years, the industry’s presence in Western Australia is driven by strong construction activity, fuelled by growth in the mining sector... purchase to read more