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Synthetic and Natural Textile Manufacturing in Australia - Industry Market Research Report

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    Report

  • 42 Pages
  • March 2024
  • Region: Australia
  • IBISWorld
  • ID: 4061988

Fancy threads: Demand for specialist textiles is keeping revenue growth from unravelling

Synthetic and natural textile manufacturers are struggling with difficult operating conditions. Most notably, the COVID-19 pandemic caused substantial declines in exports. As textile manufacturers rely heavily on exports, operators have also been vulnerable to exchange rate fluctuations. Imports account for a large proportion of demand. Domestic operators are facing intense competition from overseas manufacturers with low-cost production methods. Demand for textiles from textile product manufacturers is falling, further inhibiting revenue growth. Despite difficult trading conditions, demand for specialist textiles remains robust, with many manufacturers partially passing on higher costs to buyers. That's why revenue is expected to rise at an annualised 3.4% over the five years through 2022-23. This trend includes an anticipated fall of 4.1% in 2022-23 to an estimated $582.7 million. Textile manufacturers primarily scour, carbonise, card and comb wool. They also spin yarn or weave fabric that is wholly or predominantly made of natural and synthetic fibres. The industry excludes cotton ginning and manufacturing fellmongered or slipe wool, textile furnishings, synthetic or artificial fibres, and textile floor coverings. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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 Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Michell Wool Pty Limited

Methodology

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