Men's and boys' wear manufacturing has undergone significant losses over the past five years as the industry has struggled to compete with international competitors that have significant advantages in cost per unit production as they operate in economies of scale. Low wage costs overseas have intensified competition, while a high Australian dollar has further exacerbated anaemic industry demand as consumers became more price sensitive in the wake of the global financial crisis. As a result, industry revenue has declined by a compound annual growth rate of 7.1% over the five years through 2012-13 and is currently worth $265 million.
This industry includes companies that manufacture men's and boys' apparel from purchased materials. Industry players purchase fabrics and materials from textile producers. These fabrics are then cut and sewn to produce men's and boys' clothing items, which are purchased by retail and wholesale firms for resale to consumers. Headwear, footwear and garments made from leather are not included in this industry report.
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.