Market Forecast By Sources (Chemical, Animal, Plant, Others), By Applications (Home Textile, Apparel, Industrial), By Artificial Subtype (Viscose, Polyester, Acrylic, Nylon), By Type (Artificial, Natural Type) And Competitive Landscape
Product Code: ETC038716 | Publication Date: Jan 2021 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Australia Textile Yarn market currently, in 2023, has witnessed an HHI of 8047, Which has decreased moderately as compared to the HHI of 10000 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | Australia Textile Yarn Market |
Forecast period | 2025-2031 |
CAGR | 5.8% |
Growing Sector | Apparel |
Australia Textile Yarn Market report thoroughly covers the market By Sources, By Applications, By Artificial Subtype and By Type. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
According to 6Wresearch, the Australia Textile Yarn Market size is expected to reach a CAGR of 5.8% during the forecast period of 2025-2031. One of the key drivers of this market is the rising demand for textile products in various industries, such as clothing, home furnishings, and industrial textiles. As the Australia economy continues to grow, so does the demand for high-quality and diverse textile products, leading to an increased demand for textile yarn. Moreover, the increasing adoption of advanced technology in the textile industry has also contributed to the growth of this market. With the implementation of automation and digitalization in the production process, manufacturers can now produce a large volume of high-quality yarn at a faster pace. This has not only improved efficiency but also reduced production costs, making it easier for businesses to enter and thrive in the Australia Textile Yarn Market.
However, with the growing demand for sustainable fashion and eco-friendly products, manufacturers are also investing in research and development to produce innovative and environmentally friendly yarn options. Despite its growth prospects, the market also faces some challenges, such as fluctuations in raw material prices and the availability of cheaper alternatives. Additionally, the rise in environmental concerns has led to a shift towards sustainable and eco-friendly textile materials, which may impact the demand for traditional yarn products and these factors have led to major decline in Australia Textile Yarn Market Growth.
One of the major players in the Australia textile yarn Industry is BHP, one of the largest mining companies in the world. The company produces a wide range of yarns used for various applications such as apparel, home textiles, and industrial fabrics. Another key player is Nufarm, a leading manufacturer of agricultural and industrial yarns. The company has a strong presence in the Australia market and offers high-quality yarns for various industries. Other prominent players include Ascot Industries, BlueScope Steel, and Trelleborg AB, who offer a diverse range of textile yarn products to cater to the growing demand in the country.
The Australia government has taken several initiatives to support and promote the growth of the textile yarn industry in the country. One such initiative is the Textile, Clothing, and Footwear Strategic Capability Program (TCFSCP), which aims to strengthen the competitiveness of Australia textile, clothing, and footwear industries through funding and support for innovation, skills development, and market access. The government has also implemented the Textile, Clothing, Footwear and Leather (TCFL) tariff grant scheme to encourage investment in the industry by providing duty refunds on imported textile inputs. In addition, the Australia government has introduced regulations promoting sustainable and ethical practices in the textile yarn industry.
The future of the Textile Yarn Market in Australia looks promising with a number of factors contributing to its growth. The country growing population and rising disposable income are expected to drive the demand for textile yarn products, particularly in the apparel and home textiles sectors. Additionally, the increasing trend towards sustainable and eco-friendly clothing is likely to boost the demand for organic and ethically sourced yarns in the market. The rise of e-commerce and online retailing in Australia is also expected to have a positive impact on the textile yarn industry, providing opportunities for small and medium-sized businesses to reach a wider market. Technological advancements in manufacturing processes are also helping companies to produce high-quality yarns more efficiently, increasing their competitive advantage. Overall, with government support and consumer demand for sustainable and high-quality products, the Australia Textile Yarn Market is expected to see steady growth in the coming years.
According to Dhaval, Research Manager, 6Wresearch, the Chemical segment is expected to dominate the Australia Textile Yarn Market in terms of revenue and growth rate. This can be attributed to the increasing demand for synthetic yarns such as polyester and nylon, which are widely used in various industries including fashion, home textiles, and technical textiles.
The apparel segment is expected to have the highest growth in the Australia textile yarn market. This can be attributed to the increasing demand for fashionable clothing and a rise in disposable income among consumers. Additionally, advancements in technology have made it easier to produce high-quality synthetic yarns that mimic natural fibers at a lower cost.
The natural type segment is expected to grow in the Australian textile yarn market due to increasing consumer demand for eco-friendly and sustainable products. The use of natural fibers, such as cotton, wool, and silk, offers numerous benefits such as biodegradability and renewable resources. In addition, with the growing awareness about ethical sourcing and production processes, consumers are gravitating towards natural fibers, which are seen as more environmentally friendly.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Textile Yarn Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Textile Yarn Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Textile Yarn Market - Industry Life Cycle |
3.4 Australia Textile Yarn Market - Porter's Five Forces |
3.5 Australia Textile Yarn Market Revenues & Volume Share, By Sources, 2021 & 2031F |
3.6 Australia Textile Yarn Market Revenues & Volume Share, By Applications, 2021 & 2031F |
3.7 Australia Textile Yarn Market Revenues & Volume Share, By Artificial Subtype, 2021 & 2031F |
3.8 Australia Textile Yarn Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Australia Textile Yarn Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Australia Textile Yarn Market Trends |
6 Australia Textile Yarn Market, By Types |
6.1 Australia Textile Yarn Market, By Sources |
6.1.1 Overview and Analysis |
6.1.2 Australia Textile Yarn Market Revenues & Volume, By Sources, 2021-2031F |
6.1.3 Australia Textile Yarn Market Revenues & Volume, By Chemical, 2021-2031F |
6.1.4 Australia Textile Yarn Market Revenues & Volume, By Animal, 2021-2031F |
6.1.5 Australia Textile Yarn Market Revenues & Volume, By Plant, 2021-2031F |
6.1.6 Australia Textile Yarn Market Revenues & Volume, By Others, 2021-2031F |
6.2 Australia Textile Yarn Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Australia Textile Yarn Market Revenues & Volume, By Home Textile, 2021-2031F |
6.2.3 Australia Textile Yarn Market Revenues & Volume, By Apparel, 2021-2031F |
6.2.4 Australia Textile Yarn Market Revenues & Volume, By Industrial, 2021-2031F |
6.3 Australia Textile Yarn Market, By Artificial Subtype |
6.3.1 Overview and Analysis |
6.3.2 Australia Textile Yarn Market Revenues & Volume, By Viscose, 2021-2031F |
6.3.3 Australia Textile Yarn Market Revenues & Volume, By Polyester, 2021-2031F |
6.3.4 Australia Textile Yarn Market Revenues & Volume, By Acrylic, 2021-2031F |
6.3.5 Australia Textile Yarn Market Revenues & Volume, By Nylon, 2021-2031F |
6.4 Australia Textile Yarn Market, By Type |
6.4.1 Overview and Analysis |
6.4.2 Australia Textile Yarn Market Revenues & Volume, By Artificial, 2021-2031F |
6.4.3 Australia Textile Yarn Market Revenues & Volume, By Natural Type, 2021-2031F |
7 Australia Textile Yarn Market Import-Export Trade Statistics |
7.1 Australia Textile Yarn Market Export to Major Countries |
7.2 Australia Textile Yarn Market Imports from Major Countries |
8 Australia Textile Yarn Market Key Performance Indicators |
9 Australia Textile Yarn Market - Opportunity Assessment |
9.1 Australia Textile Yarn Market Opportunity Assessment, By Sources, 2021 & 2031F |
9.2 Australia Textile Yarn Market Opportunity Assessment, By Applications, 2021 & 2031F |
9.3 Australia Textile Yarn Market Opportunity Assessment, By Artificial Subtype, 2021 & 2031F |
9.4 Australia Textile Yarn Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Australia Textile Yarn Market - Competitive Landscape |
10.1 Australia Textile Yarn Market Revenue Share, By Companies, 2024 |
10.2 Australia Textile Yarn Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |