Clothing Wholesaling in Australia - Industry Market Research Report
Description
Clothing Wholesaling in Australia
The Clothing Wholesaling industry has struggled with declining revenue in recent years. Clothing retailers are circumventing wholesalers by leveraging their global reach, instead directly tapping into countries like China and Vietnam, known for their low production costs. Small-scale manufacturers have also started using ecommerce channels to sell directly to consumers, completely bypassing the traditional wholesale route. Weaker demand from retail outlets, particularly department stores, has further pulled down industry earnings. Although, the COVID-19 pandemic has been a silver lining, with some large retailers localising supply chains amid global disruptions, benefiting wholesalers to some extent. Despite this, the industry's revenue is tipped to dip at an annual rate of 3.0% over the five years through 2023-24, rounding off at $6.9 billion, including an anticipated 3.9% drop in the current year. A stronger Australian dollar is influencing consumers to buy overseas in 2023-24, as are recovering supply chains and improved shipping times.
Industry companies wholesale clothing by purchasing stock from clothing manufacturers and then selling the garments to retailers, generally with little or no development of the items. Most industry wholesalers perform sales and administrative activities, such as establishing relationships with manufacturers and retailers to ensure a reliable supply and demand of stock, marketing and advertising their products, and transporting and storing stock.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
The Clothing Wholesaling industry has struggled with declining revenue in recent years. Clothing retailers are circumventing wholesalers by leveraging their global reach, instead directly tapping into countries like China and Vietnam, known for their low production costs. Small-scale manufacturers have also started using ecommerce channels to sell directly to consumers, completely bypassing the traditional wholesale route. Weaker demand from retail outlets, particularly department stores, has further pulled down industry earnings. Although, the COVID-19 pandemic has been a silver lining, with some large retailers localising supply chains amid global disruptions, benefiting wholesalers to some extent. Despite this, the industry's revenue is tipped to dip at an annual rate of 3.0% over the five years through 2023-24, rounding off at $6.9 billion, including an anticipated 3.9% drop in the current year. A stronger Australian dollar is influencing consumers to buy overseas in 2023-24, as are recovering supply chains and improved shipping times.
Industry companies wholesale clothing by purchasing stock from clothing manufacturers and then selling the garments to retailers, generally with little or no development of the items. Most industry wholesalers perform sales and administrative activities, such as establishing relationships with manufacturers and retailers to ensure a reliable supply and demand of stock, marketing and advertising their products, and transporting and storing stock.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
35 Pages
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
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Pricing
Currency Rates
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