Industry Analysis & Industry Trends
The Wooden Furniture and Upholstered Seat Manufacturing industry is the largest industry in the furniture manufacturing sector, accounting for 60% to 70% of Australian furniture production and employment. Industry activity has trended sharply downwards since the mid-2000s as exchange rate appreciation has significantly eroded the capacity of local manufacturers to compete with imports and non-wooden furniture substitutes. The price of general furniture components, such as leather, textiles, metal fasteners and springs, has increased, while the price of imported furniture products has decreased.
Industry revenue is expected to total $2.5 billion in 2013-14, reflecting moderate growth by 2.2%... 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 the penetration of low-cost imports and the ongoing substitution of alternative furniture products (notably steel, glass and plastics). Furniture sales have also been contained by slow growth of the Australian economy, particularly the weaker trends in building investment and subdued consumer spending which followed the onset of the global financial crisis.
The industry has sustained declines in revenue, employment and establishments since the mid-2000s, principally associated with the loss of market share to imports... purchase to read more