The Knitted Product Manufacturing industry has struggled to compete over the five years through 2013-14 as international manufacturers have provided intense competition. Chinese imports in particular have flooded the domestic market due to lower prices resulting from low wage and capital costs. Australian manufacturers have been unable to compete with foreign companies, losing an increasing proportion of the domestic market to imports. This effect has been exacerbated over the past five years as the onset of the global financial crisis resulted in plummeting business and consumer confidence.
This industry consists of operators mainly engaged in manufacturing knitted or crocheted fabrics, or knitted clothing including hosiery, cardigans, jackets and pullovers. Fabrics are sold to other manufacturers for further production. Finished clothing products are purchased by wholesalers and retailers who then resell these items to the final consumer.
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.