Industry Analysis & Industry Trends
Over the past five years, the Synthetic and Natural Textile Manufacturing industry has faced difficult trading conditions, which have caused industry revenue to rapidly decline. International trade is high and industry operators are exposed to intense competition from low-cost manufacturing countries. Industry operators have struggled to compete with foreign producers due to high average wages in Australia and increasing operating costs. The industry is vulnerable to exchange rate fluctuations, and the strength of the Australian dollar until late 2013 reduced industry operators’ price competitiveness.
Synthetic and natural textile manufacturers produce fabric and yarn used by carpet, apparel and textile product manufacturing industries... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Synthetic and Natural Textile Manufacturing industry is in the decline phase of its economic life cycle. Industry value added is forecast to contract at an annualised 1.9% over the 10 years through 2020-21, compared with a 2.6% annualised growth in GDP. This means that the industry’s contribution to the Australian economy is declining. High operating costs have forced operators to close or shift production facilities offshore, while remaining industry operators have consolidated their operations.
Technological changes in the industry have focused on increasing operating efficiencies and product innovation, and have varied between different product segments... purchase to read more