As with numerous manufacturing industries in Australia, the Natural Rubber Product Manufacturing industryis facing stiff competition from imports. Local manufacturers are finding it increasingly difficult to compete on prices, much to the industry's detriment. In addition, demand from major markets such as the Motor Vehicle Manufacturing industry is weakening and is therefore unable to offer much respite. Industry revenue is estimated to increase at an annualised 0.2% over the five years through 2014-15. Growth has been relatively weak due to a strong rebound in 2009-10, after the financial crisis.
Industry operators mainly manufacture a variety of products made from natural rubber that are not elsewhere classified. These products range from bath mats and floor coverings, to conveyor belts and tubing.
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.