Industry Analysis & Industry Trends
The industry greatly benefited from a surge in demand for textile products in 2010-11 in the lead-up to the 2012 London Olympic and Paralympic Games. Prior to this, declines in downstream demand from apparel and textile product manufacturers pushed demand and revenue in this industry lower for over a decade to 2009-10. As apparel and textile product output from low labour-cost countries has increased since the 1990s, the related domestic industries suffered from lower demand. This occurred as manufacturers and consumers favoured lower price products and domestic manufacturers outsourced production or increased manufacturing levels in other countries. Over the past five years, revenue is estimated to grow by 1.4% per annum on average. This includes a contraction of 6.2%.. purchase to read more
Industry Report - Industry Key Buyers Chapter
Industry concentration is low, with the four largest firms expected to account for about 12.6% of total industry revenue in 2011-12. The eight largest firms are estimated to account for about 19.4% of total industry revenue. This low concentration level is due to the large number of small firms operating within the industry, with no single firm holding a dominant position.
Industry concentration is higher across individual product segments. For example, within the wool-spinning segment, industry concentration for the four largest firms is estimated at about 30%. This higher concentration level is due to several larger firms operating within the segment, which hold a greater proportion of segment revenue... purchase to read more