Against the grain: Rising import and substitute competition has negatively affected revenue

The Fabricated Wood Manufacturing industry has faced several challenges over the past five years, including increasing use of substitutes and declining demand from downstream manufacturers. Falling plantation tree numbers have pushed up input costs, while low-cost imported products have constrained industry price growth, suppressing profitability among operators. However, dwelling commencements and residential and commercial construction activity have increased over the past five years, boosting demand for industry products. Overall, industry revenue is expected to decline at an annualised 1.5% over the five years through 2018-19, to $1.3 billion. This includes an anticipated decline of more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24

Industry Threats & Opportunities

  • Rising competition from imported products and substitute materials has negatively affected revenue
  • Industry profit margins have fluctuated due to volatile input volumes and prices
  • Rising timber prices are projected to constrain industry revenue growth over the next five years
  • Industry Report - Industry SWOT Analysis Chapter

    The Fabricated Wood Manufacturing industry is in the decline stage of its economic life cycle. Industry value added (IVA), which is used to measure an industry's contribution to the overall economy, is forecast to decline at an annualised 0.8% over the 10 years through 2023-24. This represents an underperformance of the wider economy, which is expected to grow at an annualised 2.7% over the same period. Domestic fabricated wood manufacturers face moderate competition from import markets. Many companies in overseas countries, particularly China and Malaysia, operate with lower labour and overhead costs compared with local players. The...purchase to read more.

    Additional Insights for the Fabricated Wood Manufacturing Industry

    IBISWorld has determined the most important Key Success Factors for the Fabricated Wood Manufacturing are:

  • Economies of scale
  • Optimum capacity utilisation
  • Production of premium goods/services
  • IBISWorld analysts also discuss how external factors such as Dwelling commencements and Availability of plantation trees in the Fabricated Wood Manufacturing industry impact industry performance..

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    What's in this report

    What is the Fabricated Wood Manufacturing Industry?

    Companies in the industry manufacture veneers and plywood, and wood boards and sheets from reconstituted wood fibres, such as wood chips, sawdust, wood shavings, timber slabs and off-cuts. The industry also includes firms that manufacture timber and non-timber laminates.

    Industry Products
  • Particleboard
  • Medium-density fibreboard
  • Timber veneers
  • Plywood
  • Other fibreboard
  • Industry Activities
  • Veneer
  • Plywood
  • Laminated veneer lumber
  • Glue laminated lumber
  • Chipboard
  • Softboard
  • Hardboard
  • Timber and non-timber laminate
  • Medium-density fibreboard
  • Particleboard
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Dwelling commencements
  • Availability of plantation trees
  • Domestic price of timber
  • Demand from carpentry services
  • Demand from commercial and industrial building construction

  • Current Performance
  • Revenue and profitability
  • Production
  • Construction trends
  • International trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Revenue and profit
  • Demand and production
  • Potential threats
  • International trade
  • Table: Fabricated Wood Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Fabricated Wood Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Wooden Structural Component Manufacturing
  • Wooden Furniture and Upholstered Seat Manufacturing
  • House Construction
  • Timber Wholesaling
  • Commercial and Industrial Building Construction
  • Institutional Building Construction
  • Hardware and Building Supplies Retailing

  • Key Selling Industries
  • Timber Resawing and Dressing
  • Wood Chipping

  • Products & Services
  • Particleboard
  • Medium-density fibreboard
  • Timber veneers
  • Plywood
  • Other fibreboard
  • Chart: Fabricated Wood Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Manufacturers
  • Residential building construction companies
  • Commercial, industrial and institutional building companies
  • Retailers and wholesalers
  • Chart: Major Market Segmentation for the Fabricated Wood 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 Fabricated Wood Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Fabricated Wood Manufacturing Industry

  • Industry Globalization
    Fletcher Building Limited, Carter Holt Harvey Building Products Pty Limited, D & R Henderson Pty Ltd,
  • Table: Fletcher Building Limited - financial performance
  • Table: Carter Holt Harvey Building Products Pty Limited - financial performance
  • Table: D & R Henderson Pty Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Fabricated Wood 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 Fabricated Wood Manufacturing Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A class of complex organic polymers that forms the chief part of woody tissue.
  • Medium-Density Fibreboard (Mdf)
  • A type of wood product made by applying high heat and pressure to a mixture of softwood and wood fibres mixed with resin.
  • Particleboard
  • Also known as chipboard, this product is made from wood chips and shavings mixed with resin and combined under high pressure.
  • Plywood
  • A type of wood product made from thin sheets of veneer that are glued together at right angles to increase strength.
  • Veneer
  • Thinly sliced pieces of wood that are glued to wood, MDF and particleboard panels.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Fabricated Wood Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
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    This report on Fabricated Wood 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 Fabricated Wood 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 Fabricated Wood Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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