Overview

Unravelled: Falling retail demand and intense import competition have led to industry exits

IBISWorld’s Knitted Product Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$93m
Annual Growth
2012 - 2017
-8.8%
Annual Growth
2017 - 2022
Profit
Employment
451
Business
110

Industry Analysis & Industry Trends

The Knitted Product Manufacturing industry has struggled against intense competition from international manufacturers over the five years through 2016-17. Chinese imports in particular have flooded the domestic market due to their lower prices resulting from low wage and capital costs. Australian manufacturers have been unable to compete with foreign companies, losing an increasing proportion of the domestic market to imports. This effect has been exacerbated over the past five years by volatile business and consumer confidence, which has caused consumers to be wary with spending. As a result, industry revenue is expected to decline by a compound annual rate of 8.8% over the five years through 2016-17. Difficult conditions are expected to result in industry revenue declining by 3.1%...

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Industry Report - Industry Products Chapter

Products manufactured by the industry include knitted outerwear, cardigans, jumpers, hosiery, pantyhose, socks and fabrics. Many industry players specialise in a particular product segment.

Knitted outerwear, jumpers and cardigans

Knitted outerwear, such as jackets, coats, jumpers and cardigans are expected to account for 47.1% of industry revenue over 2016-17. These products are sold to wholesalers or direct to retailers for final sale to consumers. Knitted clothing is generally made from wool, cotton, synthetic fibres or a combination of these materials. This segment accounts for the largest share of revenue and is expected to grow as remaining industry manufacturers shift their focus to producing higher quality, premium goods, such as Merino wool sweaters.

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Industry Products

What is the Knitted Product Manufacturing Industry?

This industry consists of operators mainly engaged in manufacturing knitted or crocheted fabrics, or knitted clothing including hosiery, cardigans, jackets and pullovers. Fabrics are sold to other manufacturers for further production. Finished clothing products are purchased by wholesalers and retailers who then resell these items to the final consumer.

Industry Products
Knitted outerwear, jumpers and cardigans
Hosiery, panty hose and socks
Knitted and crocheted fabrics
Industry Activities
Knitted clothing and jacket
Crocheted fabric
Custom knitting of jumpers and cardigans
Hosiery and sock
Knitted fabric

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
industry Globalisation

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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