2014-02-07 07:43:04 - Machinery for Rubber, Plastics and Paper Industries and Other Special Purpose Machinery in Australia: ISIC 2929 - a new market research report on companiesandmarkets.com
Domestic demand for machinery for rubber, plastics and paper industries and other special purpose machinery contracts by 13% over review period in Australia to stand at A$4.2 billion in 2012. Imports fall by 8% over review period, penetration remains at 62%, pointing to weak domestic industry.
Local manufacturers see turnover decrease from A$1.5 billion in 2007 to A$1.4 billion in 2012, equivalent to net 10% drop over review period. Faced with falling demand, domestic manufacturers struggle to maintain profitability over 2007-2012.
Due to strong international competition and expensive Australian dollar, exports decline 16% in 2012 to reach A$589 million. Industry´s turnover expected to see 2% CAGR over forecast period.
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