2014-02-07 06:00:02 - Clothing in Australia: ISIC 181 - a new market research report on companiesandmarkets.com
Clothing market generates value of A$23.2 billion in 2012, up 20% on 2007. Strong competition from low-cost countries and increasingly price-conscious consumers result in clothing production industry seeing downward trend throughout review period, and growing only 4% in 2012.
Profitability of local companies grows by significant 12 percentage points over 2007-2012. Number of domestic enterprises contracts by 4% CAGR from 2007, indicating increasing industry concentration. Clothing industry expected to reach A$2 billion in 2018, 13% down on 2013.
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