Industry Analysis & Industry Trends
The Wooden Furniture and Upholstered Seat Manufacturing industry is the largest in the furniture manufacturing sector, accounting for 60% to 70% of Australian furniture production and employment. However, the industry has endured a sharp decline since the since the mid-2000s. An appreciating Australian dollar through to a peak in 2012-13 significantly eroded the capacity of local manufacturers to compete with imports and non-wooden furniture substitutes.
Domestic demand for wooden and upholstered furniture products is expected to currently total $4.3 billion, representing a marginal decline over the five years through 2015-16. However, imports now capture a greater share of domestic demand at the expense of local manufacturing... purchase to read more
Industry Report - Industry Analysis Chapter
The Wooden Furniture and Upholstered Seat Manufacturing industry has contracted substantially since the mid-2000s as the industry has struggled to protect its market share from low-cost imports and the substitution of alternative furniture products (notably steel, glass and plastics). The subdued pace of the domestic economy, particularly weaker trends in building investment and consumer spending, has also contained furniture sales.
The industry has sustained declines in revenue, employment and establishments since the mid-2000s, mainly associated with the loss of market share to imports. Industry sales have contracted by 40.7% since 2006-07, while employment has fallen by about 35.8% over the same period (representing the loss of over 8,000 jobs)... purchase to read more