AFA Reports – Wicker and Fibreglass Furniture Manufacturing in Australia 2017
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Industries company manufacture furniture or furniture parts from materials such as cane, wicker, bamboo, rattan, and fibreglass.
The major products and services in this industry are assembled wicker furniture, Fibreglass furniture and parts and unassembled wicker furniture and parts.
Key Statistics
- Revenue $305.5m
- Profit $32.4m
- Exports $23.5m
- Businesses 233
- Annual Growth 2017-22 1.1%
- Annual Growth 2012-17 -1.1%
The Wicker and Fibreglass Furniture Manufacturing industry has performed poorly over the past five years. Due to low-costs imports and substitute furniture goods made from wood, plastics and steel, this industry has failed to strive to maintain its share of the domestic furniture market. In addition, industry demand from building activity and key downstream furniture retailers has been subdued over the period. Building activity influences the industry’s performance as consumers need to furnish new houses, and will often use industry products to help achieve this. Industry revenue is expected to decline at an annualised 1.1% over the five years through 2016-17, to $305.5 million. This result includes an anticipated fall of 6.8% in the current year, due to a large decline in demand from building construction.
