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

IBISWorld’s Synthetic and Natural Textile 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.


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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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 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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