Losing grip: Revenue unravels as domestic demand gets tied up by low-cost imports

The Rope, Cordage and Twine Manufacturing industry has faced a difficult trading environment over the past five years. Industry products are often used as intermediate inputs for other manufactured goods, such as cut and sewn textiles. However, demand from manufacturing industries has decreased over the past five years due to rising import penetration. This has consequently reduced demand for industry products from downstream manufacturing industries. Although falling input prices over the period have lessened the impact on profits, industry revenue is expected to decline at a compound annual rate of 6.7%, to $123.8 million.Growth in the maritime industries, particularly shipbuilding and repair services, has promoted demand for industry products, such as high-quality ropes...read more.

Industry Statistics & Market Size
Revenue
$124m
Annual Growth 13-18
-6.7%
Forecast Growth 18-23
Profit
Employment
427
Businesses
73
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Falling product demand and increasing import penetration lead to industry revenue declines
  • Import penetration has significantly increased over the past five years, affecting industry revenue
  • Increasing import penetration will continue to affect demand for locally manufactured products
  • Industry Report - Industry Locations Chapter

    Industry firms typically set up operations close to their downstream markets. Therefore, industry enterprises have a similar distribution to marine, mining, agricultural and other manufacturing operators. Queensland holds the highest share of industry enterprises, largely due to its strong mining, marine and agricultural activity. Queensland is over-represented in the industry relative to its population. Victoria also has a high percentage of industry enterprises due to the state's large manufacturing presence. However, Victoria's share of industry enterprises is largely consistent with the state's share of population.New South Wales has a smaller share of enterprises relative to its population. Thi...purchase to read more.

    Additional Insights for the Rope, Cordage and Twine Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Rope, Cordage and Twine Manufacturing Industry are

  • Ability to control stock on hand
  • Effective quality control
  • Optimum capacity utilisation
  • IBISWorld analysts also discuss how external factors such as Demand from cut and sewn textile product manufacturing and Demand from construction in the Rope, Cordage and Twine Manufacturing industry impact industry performance..

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    What's in this report

    What is the Rope, Cordage and Twine Manufacturing Industry?

    Industry firms manufacture rope, cordage, twine, net and similar products. These can be produced from natural or synthetic fibres. Wire ropes and tyre cords are excluded from the industry. The industry’s products are used by other manufacturers as intermediate inputs and by households and businesses as final products.

    Industry Products
  • Rope
  • Cordage
  • Twine
  • Netting
  • Other products
  • Industry Activities
  • Cable (from natural or synthetic fibres)
  • Cord (except wire rope or tyre cord)
  • Cordage
  • Fish net
  • Other net
  • Rope (except wire rope)
  • String
  • Textile netting
  • Twine
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from cut and sewn textile product manufacturing
  • Demand from construction
  • Demand from hardware and building supplies retailing
  • World price of crude oil
  • Demand from agriculture
  • World price of cotton

  • Current Performance
  • Industry participation
  • Domestic demand
  • Import competition
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry participation
  • Domestic demand
  • Import competition
  • Table: Rope, Cordage and Twine Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Rope, Cordage and Twine Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Mining
  • Cut and Sewn Textile Product Manufacturing
  • Textile Product Wholesaling
  • Forestry and Logging
  • Hardware and Building Supplies Retailing

  • Key Selling Industries
  • Mining and Industrial Machinery Wholesaling
  • Synthetic and Natural Textile Manufacturing

  • Products & Services
  • Rope
  • Cordage
  • Netting
  • Twine
  • Other products
  • Chart: Rope, Cordage and Twine Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Manufacturing firms
  • Maritime firms
  • Construction, mining and forestry firms
  • Agriculture industries
  • Other firms
  • Rail and road transport firms
  • Domestic users
  • Export markets
  • Chart: Major Market Segmentation for the Rope, Cordage and Twine Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Rope, Cordage and Twine Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Rope, Cordage and Twine Manufacturing Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Rope, Cordage and Twine Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Rope, Cordage and Twine Manufacturing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Cordage
  • Cordage is usually under 5 millimetres in diameter and used as an intermediate input for other products, such as textile blind and other products requiring a light-duty cord.
  • Polypropylene
  • Polypropylene is a synthetic fibre used in the manufacture of some rope and cord products.
  • Rope
  • Rope is made from the braiding or twisting of natural and synthetic yarns and fibres into a stronger and more resilient form for lifting and tying purposes.
  • Sisal
  • The fibres from the Agave sisalana plant, which is native to North and South America. They can be used to create various types of rope and twine.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Rope, Cordage and Twine Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
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    This report on Rope, Cordage and Twine Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Rope, Cordage and Twine Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Rope, Cordage and Twine Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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