Industry Analysis & Industry Trends
The industry's fortunes are heavily influenced by the level of construction activity in Australia. Due in part to the Federal Government's stimulus package being introduced at the height of the crisis, the Metal Roof & Guttering Manufacturing industry narrowly escaped a prolonged dramatic dip, unlike most manufacturing industries in Australia. The nature of the industry's products is such that little to no cheap imports compete with Australian products. Therefore, despite the high Australian dollar, the industry experienced a relatively small decline in 2008-09. As the government intervened to prop up the construction industries, construction activity took off, with the number of building approvals reaching record levels in 2010. This resulted in industry revenue growing... purchase to read more
Industry Report - Industry Analysis Chapter
Over the five years through 2011-12, industry revenue is forecast to decline at an annualised 6.6%. The move towards price-based competition is the primary reason for the decline in revenue. However, the Metal Roof & Guttering industry is largely immune from the threat of cheaper imports that has plagued other manufacturing industries. Although prices have declined, sales as measured on a volume basis have grown because of a surge in residential property construction between 2008-09 and 2009-10. Since then, however, the number of total dwelling units approved has trended downward and is expected to remain lacklustre over 2011-12. Consequently, industry revenue is forecast to decline by 7.0% to $721.4 million in 2011-12.
The mood was poor when the financial crisis hit... purchase to read more