Industry companies manufacture a wide range of household and commercial textile goods for many downstream sectors. Industry revenue has been declining over the five years through 2014-15. This has been largely due to increasing competition from imports, which has driven many industry firms out of business. Tariff reductions on industry goods in 2010 strongly increased imports over 2009-10 and imports have continued to grow steadily since then. In response, many industry companies have either reorganised operations or stopped manufacturing altogether. Imports are expected to rise 3.4% to $1.6 billion in 2014-15, accounting for 46.7% of the industry's domestic demand.
The industry consists of companies that manufacture household textile goods (except apparel), such as bed linen, curtains, towels and pillows; other textile goods, such as 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 fabrics; fibres and materials; or, fabrics, fibres and materials woven and manufactured at the same facility.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.