$1.7bn
$XX.Xm
3,428
109
$XXX.Xm
Fabricated wood manufacturers have faced several challenges over the past few years, including the COVID-19 pandemic, sinking demand from downstream manufacturers and greater use of substitutes. Shrinking plantation tree availability has raised timber prices and industry operating costs, while ongoing import penetration has constrained industry prices and profitability. Dwelling commencements and residential building construction activity have weakened and dampened demand for fabricated wood. Overall, industry revenue has declined at an annualised 0.7% over the past five years and is expected to total $1.7 billion in 2023-24, when revenue will slump by an estimated 4.1%.Fabricated wood manufacturers have faced rising competition from importers that can pass on cost savings from overseas manufacturers with lower overhead costs. Structural timber product manufacturers have also struggled to fend off competition from substitute materials like plasterboard, timber, aluminium and concrete. An upwards trend in the domestic price of timber has also rallied input costs for most manufacturers and eroded the industry's export competitiveness and profit margins.As the economy recovers from the pandemic's widespread effects, improving conditions are projected to support industry revenue growth at an annualised 1.2% over the five years through 2028-29 to reach $1.8 billion. An upwards trend in most building markets will underpin domestic demand for fabricated timber products. Demand from downstream wooden structural component and furniture manufacturers will also support industry sales. Nonetheless, greater import penetration and declines in available plantation trees will lift input prices and limit profitability.
Industry revenue has declined at a CAGR of 0.7 % over the past five years, to reach an estimated $1.7bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Australian Panels | 478.2 | |
Fletcher Building | 429.5 | |
D & R Henderson | 89.3 |
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Industry revenue is measured across several distinct product and services lines, including Particleboard, Medium-density fibreboard and Timber veneers and laminates. Particleboard is the largest segment of the Fabricated Wood Manufacturing in Australia.
Lower multi-unit apartment construction activity has weighed on demand for particleboard
Companies in the industry manufacture veneers and plywood, and wood boards and sheets from reconstituted wood fibres, such as wood chips, sawdust, wood shavings, timber slabs and off-cuts. The industry also includes firms that manufacture timber and non-timber laminates.
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ANZSIC 1493 - Fabricated Wood Manufacturing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The industry has faced challenging conditions over the past few years. Volatile downstream demand from several construction markets has contracted industry revenue.
Learn about an industry's products and services, markets and trends in international trade.
Particleboard is widely used in apartment construction because of its cost-effectiveness. Revenue from particleboard has shrunk because of weak apartment construction activit...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Companies locate themselves close to downstream markets. Considerable construction activity in the country’s eastern seaboard makes it an attractive location for industry ent...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Industry businesses compete internally based on price and quality. Manufacturers of similar products must make themselves price-competitive to gain market share.
Learn about the performance of the top companies in the industry.
Borg Manufacturing has expanded its market share while Carter Holt Harvey has shrunk. This can be attributed to Borg’s acquisition of CHH’s facilities.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Industry imports are highly regulated. Importers must ensure the absence of illegal logging in their supply chain and check the products for biosecurity risks.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The industry focuses on highly skilled labour. This trend has boosted wage costs despite the greater use of technology and automation.
Including values and annual change:
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Key data sources in Australia include:
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These sources include:
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The market size of the Fabricated Wood Manufacturing industry in Australia is $1.7bn in 2024.
There are 109 businesses in the Fabricated Wood Manufacturing industry in Australia, which has declined at a CAGR of 2.5 % between 2018 and 2023.
The market size of the Fabricated Wood Manufacturing industry in Australia has been declining at a CAGR of 0.7 % between 2018 and 2023.
Over the next five years, the Fabricated Wood Manufacturing industry in Australia is expected to grow.
The biggest companies operating in the Fabricated Wood Manufacturing market in Australia are Australian Panels, Fletcher Building and D & R Henderson
Plywood and Chipboard are part of the Fabricated Wood Manufacturing industry.
The company holding the most market share in Australia is Australian Panels.
The level of competition is moderate and increasing in the Fabricated Wood Manufacturing industry in Australia.