2014-02-07 05:47:03 - Spinning of Textile Fibres; Weaving of Textiles in Australia: ISIC 1711 - a new market research report on companiesandmarkets.com
Consumption of textile fabrics in Australia amounts to A$2 billion in 2012, following 28% decline from 2007. Business buyers account for 70% of total textile value orders in Australia in 2012. Market dominated by importers, mainly of Chinese origin.
Domestic industry tiny, valued at just A$733 million in 2012, down 31% from 2007. Textile weaving accounts for dominant 66% share of total revenue. Industry turnover projected to continue declining further, falling to A$679 million by end of 2018.
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