Industry Analysis & Industry Trends
With the rise of developing Asian economies, Australian manufacturing industries are finding it difficult to compete with low-cost imports that are gaining market dominance. This is no different for plastic injection moulded product manufacturers, recording an estimated decrease in industry revenue of 5.3% for 2012-13. Powerhouse manufacturing nations in Central and South-East Asia are gaining presence in the manufacturing scene around the world. In 2012-13, China is estimated to account for 42% of all imported industry goods, which will meet nearly half of total domestic demand. In an industry where price is a major basis for competition, cost efficiency is proving a hurdle too high for domestic manufacturers... purchase to read more
Industry Report - Industry Products Chapter
The industry manufactures a wide range of products, the majority of which are intermediate products that are supplied to manufacturers of final goods. These include packaging-related products such as margarine and yoghurt tubs, caps and closures for beverage containers, triggers for sprays, boxes and crates (principally fruit and vegetable containers) and CD cases. These examples illustrate the low-value, disposable nature of the industry's products. The packaging segment, along with a number of others, is under increasing pressure from imports.
Housewares and automotive components are significant industry segments. Housewares are products used around the home such as plastic cutlery, containers and baskets... purchase to read more