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

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

Synthetic and Natural Textile Manufacturing in Australia

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