Updated September 15, 2018 09:48:18 There are many industries that are likely to see a significant increase in production over the next year, with textile, footwear and food processing industries accounting for the biggest boost.
However, there are also other sectors that could see an upturn in the coming year, such as furniture, textiles and textiles products.
As a result, some industries that had previously been in decline could see significant growth in 2016, according to a report by the Australian Manufacturing Industry Association (AMIA).
The report also revealed the number of factories, the number that had closed or closed under new owners and the number who were being refurbished were all likely to increase in the year ahead.
Industry boom boom boom A large number of the industries listed in the report are still in a strong position in the industry, with many manufacturers operating on tight margins.
The AMIA report noted that the number and growth of factories in Australia’s largest metropolitan areas had grown at an annualised rate of 9 per cent over the last 12 months, with Melbourne and Brisbane the top three locations for growth.
This is despite the fact the industry has been experiencing a series of major downturns, including a massive $3.6 billion manufacturing shutdown in 2016 and the global economic crisis.
The Australian Manufacturing Association’s CEO, David Jones, said the sector’s resurgence was due to the “economic and social benefits” it provided to workers.
“These benefits have helped create a strong and resilient industry in Australia, but have also contributed to the growth of our manufacturing sector and helped support our economy over the past decade,” Mr Jones said.
“The growth of the Australian manufacturing industry is dependent on our manufacturing base and this will continue to be a major factor in the future.”
As more manufacturers and exporters join forces to form new, global factories, they will be able to compete for jobs, which in turn will enable us to continue to invest in the skills of our workers.
“The industry was also mentioned as one of the fastest growing sectors in 2016 in terms of employment, as the number in the supply chain and related industries increased by 4.2 per cent, compared with 3.9 per cent in 2015.
The largest growth sectors included manufacturing, chemicals, footwear, and textile manufacturing.
The report highlighted a number of industries that have already seen a significant expansion in 2016.
These include textile manufacturers, footwear manufacturing, food processing and food packaging.
The food packaging industry, which accounts for almost one-third of Australia’s overall apparel exports, saw an 8 per cent increase in employment over the same period.
It is expected to see an increase of more than 20,000 new jobs over the course of the year.
Other key industries that were mentioned in the AMIA’s report include textile, apparel, footwear & apparel manufacturing, footwear products and textile apparel manufacturing.