$535.7m
$XX.Xm
1,062
121
$XX.Xm
Australia’s Synthetic and Natural Textile Manufacturing industry has faced and continues to face challenging conditions, namely from import competition, which constitutes the majority of domestic demand. Domestic manufacturers face challenges competing with critical importers, like China, who can significantly lower their prices because of their cheaper production costs. The COVID-19 pandemic caused a significant weakening in exports, a vital revenue source. Exports are yet to rebound to their pre-pandemic figures and have impeded industry growth. Conversely, imports only partially fell during the pandemic and have jumped significantly over the past five years. Revenue has declined an annualised 1.7% through 2023-24 to $535.7 million. This trend includes a 0.7% drop in 2023-24.
Industry revenue has declined at a CAGR of 1.7 % over the past five years, to reach an estimated $535.7m in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Michell Wool | 37.2 | |
Australian Textile | 17.5 | |
Belgotex Fabrics Pty Ltd | 11.7 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Wool scouring, Woven synthetic fibres and Synthetic textile commission production. Wool scouring is the largest segment of the Synthetic and Natural Textile Manufacturing in Australia.
Wool scouring bounces back after suffering from supply chain disruptions
Textile manufacturers primarily scour, carbonise, card and comb wool. They also spin yarn or weave fabric wholly or predominantly made of natural and synthetic fibres.
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ANZSIC 1311 - Synthetic and Natural Textile Manufacturing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Cheaper overseas textiles are putting immense pressure on the industry. This pushes Australian manufacturers to either offshore their operations or exit the industry altogeth...
Learn about an industry's products and services, markets and trends in international trade.
Supply chain issues have disrupted the growth of wool scouring products. These were intensified by COVID-19, leading to a significant drop in demand from export markets and e...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Victoria's historical dominance in the industry is still prevalent today. This enduring influence has resulted in Victoria being home to most industry establishments.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Growing numbers of ethically conscious consumers create an opportunity. Suppliers who choose to produce ethically can gain customers with this preference.
Learn about the performance of the top companies in the industry.
The largest manufacturer of wool fibre, Michell Wool, underperforms. Import competition undercuts domestic pricing and weighs heavily on revenue.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
International markets keep revenue volatile as textile manufacturers rely heavily on global markets for both exports and imports. Fluctuations in overseas currencies and tran...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profits are stagnating with high import competition and challenging economic conditions. The industry's profit slows with high purchase costs, continued intense import compet...
Including values and annual change:
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Key data sources in Australia include:
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These sources include:
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The market size of the Synthetic and Natural Textile Manufacturing industry in Australia is $535.7m in 2024.
There are 121 businesses in the Synthetic and Natural Textile Manufacturing industry in Australia, which has declined at a CAGR of 2.2 % between 2019 and 2024.
The market size of the Synthetic and Natural Textile Manufacturing industry in Australia has been declining at a CAGR of 1.7 % between 2019 and 2024.
Over the next five years, the Synthetic and Natural Textile Manufacturing industry in Australia is expected to decline.
The biggest companies operating in the Synthetic and Natural Textile Manufacturing market in Australia are Michell Wool, Australian Textile and Belgotex Fabrics Pty Ltd
Wool scouring and Yarn of synthetic and natural fibres are part of the Synthetic and Natural Textile Manufacturing industry.
The company holding the most market share in Australia is Michell Wool.
The level of competition is moderate and increasing in the Synthetic and Natural Textile Manufacturing industry in Australia.