Industry Analysis & Industry Trends
The Fabricated Wood Manufacturing industry has suffered over the past five years due to declining demand from downstream housing construction companies and manufacturers. Industry revenue is expected to fall at an annualised 0.6% over the five years through 2016-17, to reach $1.4 billion. Slight declines in the production of particleboard, medium-density fibreboard (MDF), timber veneers and plywood are anticipated over this period and are expected to contribute to the industry's declining revenue. Industry operators are expected to produce 1.46 million cubic metres of these products in 2016-17, down from 1.49 million cubic metres in 2011-12. Although the number of dwelling commencements has increased over the past five years, the number is expected to fall in the current year... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Fabricated Wood Manufacturing industry is in the mature stage of its economic life cycle. Domestic fabricated wood manufacturers face moderate competition from import markets. Many companies in overseas countries, particularly China and Malaysia, operate with far lower labour and overhead costs compared with local players. These firms are therefore able to pass these cost savings on to their customers in the form of lower product prices, which undercuts Australian manufacturers and reduces demand for the industry's products.
Industry value added (IVA) is used to measure an industry's contribution to the overall economy. IVA is forecast to grow at a compound annual rate of 1.2% over the 10 years through 2021-22... purchase to read more