Textile product wholesalers have faced a difficult environment over the past five years, but conditions are starting to change. For this reason, industry research firm IBISWorld has updated its report on the Textile Product Wholesaling industry in Australia.

Melbourne, Australia (PRWEB) January 18, 2013

The Textile Product Wholesaling industry has stagnated over the past few years with declining profit margins, increased demand for discounted products from retailers and shrinking local textile and clothing manufacturing industries. According to IBISWorld industry analyst Alen Allday, “although some consolidation is taking place, the industry has a small number of large firms that operate on a national basis, and a large number of small operators that service small geographic regions”. The industry is expected to comprise 1,775 establishments and employ 6,350 people in 2012-13. The largest company in the industry is Pacific Brands Limited.

In 2012-13, IBISWorld expects the Textile Product Wholesaling industry’s revenue to increase by 0.5% to $3.19 billion. After five years of tough operating conditions with a dramatically shrinking Australian textile manufacturing base, the environment will continue to be extremely difficult during the year. “While the Australian economy is recovering from the worst effects of the global credit crisis, nervous consumers will maintain constrained spending habits”, says Allday. Retailers will continue to discount goods and are expected to demand low-priced textiles from wholesalers, while more shoppers are sourcing textile products online from international websites. As a result, profit margins are forecast to fall.

Over the five years through 2012-13, industry revenue is expected to decline by an annualised 1.6%. On top of constrained retail and industrial demand, muted demand due to relatively slow housing construction will cause sales of household textiles to slow. The industry is expected to return to growth over the next five years, largely due to stable pricing and population and household growth.

For more information, visit IBISWorld’s Textile Product Wholesaling report in Australia industry page.

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