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, much to the industry’s detriment. In addition, demand from major markets such as the Motor Vehicle Manufacturing industry is weakening and is therefore unable to offer much respite. Industry revenue is estimated to increase at an annualised 0.2% over the five years through 2014-15. Growth has been relatively weak due to a strong rebound in 2009-10, after the financial crisis. Industry revenue is expected to grow by 3.5% to $925.3... 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.
Queensland, one of the fastest growing locations for construction activity, is also expected to be an up and coming source of industry establishments given the decline of demand from downstream manufacturers. Queensland is also home to some of the largest industry operators... purchase to read more