Cut and Sewn Textile Product Manufacturing in Australia - Industry Market Research Report

Cut and Sewn Textile Product Manufacturing in Australia
Imports have increased steadily as a share of domestic demand, taking market share from local manufacturers and forcing many companies to exit the industry. Growing real household discretionary income has softened declining industry performance, as improved demand conditions have allowed many firms to increase prices without affecting demand. Consequently, industry revenue is expected to decline at an annualised 0.4% over the five years through 2023-24 to $2.33 billion. This trend includes an anticipated 3.3% drop in the current year as inflationary pressures following the COVID-19 pandemic's economic impacts tighten consumer home renovation budgets.

Industry manufacturers primarily produce household textile goods (except apparel), such as bed linen, curtains, towels and pillows. Industry manufacturers also make blinds, tents, awnings, sails and tarpaulins, and other goods produced from natural or synthetic fibres. These products can be manufactured from purchased cut and sewn materials, or from fabrics, fibres and materials woven and manufactured at the same facility.

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.