The Knitting Mills industry is characterised by declining revenue, profitability, employment and establishments. The industry is struggling to compete with the penetration of cheaper imports into the local market. Most Australian and global consumers are expected to tighten their belts in 2011-12 and limit spending, especially on discretionary items that this industry produces, such as expensive hosiery and apparel. Demand from downstream textile industries for knitted fabrics is also expected to be constrained. In recent years, many operators transformed themselves from manufacturers to wholesalers and importers of foreign-manufactured knitted apparel and fabrics.
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.