Overview

Unravelling: Fierce import competition has driven down revenue and forced industry exits

The Synthetic and Natural Textile Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Australian textile producers have struggled to compete against low-cost offshore manufacturers
  • Synthetic and natural textile producers have increasingly targeted export markets to survive
  • Growth opportunities exist in synthetic fibre product innovation, such as new protective textiles

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    Industry Analysis & Industry Trends

    The Synthetic and Natural Textile Manufacturing industry consists of three primary segments: wool scouring, synthetic textile manufacturing and natural textile manufacturing. Industry operators have struggled with difficult trading conditions over the past five years, which have caused revenue to rapidly decline. Industry operators have been exposed to intense competition from low-cost manufacturing countries, with imports accounting for a large proportion of domestic demand. Operators are also vulnerable to exchange rate fluctuations, as the industry is heavily reliant on exports. Ongoing contractions in domestic downstream industries have further constrained revenue, as demand for industry products from textile product manufacturers has fallen...

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    Industry Report - Starting a New Business Chapter

    The industry faces moderate barriers to entry. Initial capital outlays pose significant hurdles for new participants, as textile manufacturing requires large upfront investments in plant, machinery and equipment. Australia’s Manufacturing division is also in decline, hence obtaining finance for capital may prove difficult. Banking institutions and financing companies may be reluctant to approve these loans, deeming the venture too high a risk.

    Other issues for new market entrants include the ability to acquire contracts of sale and establish export markets. Industry operators have increasingly focused on quality to differentiate their products from low-cost imports. Est..

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    Additional Insights for the Synthetic and Natural Textile Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Synthetic and Natural Textile Manufacturing Industry are

  • Automation
  • Establishment of brand names
  • Establishment of export markets
  • IBISWorld analysts also discuss how external factors such as Demand from textile product manufacturing and Import duties on apparel manufacturing in the Synthetic and Natural Textile Manufacturing industry impact industry performance..

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    New Zealand Special Report

    Industry Products

    What is the Synthetic and Natural Textile Manufacturing Industry?

    Industry operators are primarily engaged in wool scouring (including wool carbonising, carding or combing of wool in manufacturing unspun wool tops), spinning yarns or weaving fabrics wholly or predominantly made of natural fibres (such as cotton or wool), and spinning yarns or weaving fabrics wholly or predominantly made of synthetic fibres.

    Industry Products
    Woven natural fibres
    Wool scouring
    Yarn of synthetic and natural fibres
    Woven synthetic fibres
    Synthetic textile commission production
    Industry Activities
    Wool scouring
    Woven fabric using cotton, wool and synthetic fibre
    Fibres (excluding glass fibres)
    Synthetic and natural yarn
    Continuous fibre filament
    Tyre cord yarns or fabrics and synthetic fibre
    Cotton and sewing threads
    Tow (from flax, hemp or jute)
    Labels and printed cloth

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from textile product manufacturing
  • Import duties on apparel manufacturing
  • Trade-weighted index
  • Domestic price of wool
  • World price of cotton

  • Current Performance
  • International trade
  • Demand trends
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Import competition
  • Industry participation
  • Growth opportunities
  • Table: Synthetic and Natural Textile Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Synthetic and Natural Textile Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Cut and Sewn Textile Product Manufacturing
  • Carpet and Textile Floor Covering Manufacturing
  • Men's and Boys' Wear Manufacturing
  • Women's and Girls' Wear Manufacturing
  • Textile Product Wholesaling
  • Knitted Product Manufacturing

  • Key Selling Industries
  • Cotton Ginning
  • Industrial and Agricultural Chemical Product Wholesaling
  • Wool Wholesaling

  • Products & Services
  • Wool scouring
  • Yarn of synthetic and natural fibres
  • Synthetic textile commission production
  • Woven synthetic fibres
  • Woven natural fibres
  • Chart: Synthetic and Natural Textile Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Wool scouring export markets
  • Domestic markets
  • Textile export markets
  • Chart: Major Market Segmentation for the Synthetic and Natural Textile Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Synthetic and Natural Textile Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Synthetic and Natural Textile Manufacturing Industry

  • Industry Globalization
    Major Companies
    Michell Wool Pty LimitedAustralian Textile Group Pty Ltd
  • Table: Michell Wool Pty Limited - financial performance
  • Table: Australian Textile Group Pty Ltd - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Synthetic and Natural Textile Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Synthetic and Natural Textile Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Fast Assurance By Simple Testing (Fast)
  • A system that tests the bend, compression and dimensional stability of fabric.
  • Loom
  • An apparatus for making thread or yarn into cloth by weaving strands together at right angles.
  • Noils
  • Short strands and knots combed out of wool fibre before spinning.
  • Suint
  • A natural greasy substance found in sheep's wool.
  • Yarn
  • Yarn is a thread made by twisting fibres, such as cotton, wool or synthetic fibres.
  • Why buy this report?

    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
    • Quickly build competitive intelligence
    This report on Synthetic and Natural Textile 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 Synthetic and Natural Textile 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 Synthetic and Natural Textile Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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