Based on the expert analysis and our database of 750+ AU industries, IBISWorld presents a list of the Fastest Declining Industries in Australia by Revenue Growth (%) in 2020
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View a list of the Top 25 fastest declining industries2019-2020 Revenue Growth: -67.1%
The Federal Government's unprecedented investment in the rollout of the national broadband network (NBN) has underpinned the robust expansion of the Fibre Optic Cable Installation industry over the past five years. The objective of the NBN is to provide all Australian households, businesses and government agencies with an advanced communications platform to access internet-based data and entertainment. This project is overseen by NBN Co, which is tasked with the responsibility to supply Australia's NBN, including the wholesaling of network access to retail communication companies. NBN Co contracts industry operators to design and construct the network, with the prime contractors assigned... Learn More
2019-2020 Revenue Growth: -60.8%
The Cotton Ginning industry is an important part of the agricultural support services sector and the national cotton sector. Raw cotton must be processed into lint and seeds by a cotton gin before either product can be used. The industry's performance is closely linked to the Cotton Growing industry. It is also indirectly affected by factors such as climatic conditions, water supply regulation, fluctuations in global cotton consumption, and cotton stockpiling. Typically, cotton is harvested and ginned towards the end of the financial year, with any surplus production carried into the following year. Higher cotton production correlates with higher industry... Learn More
2019-2020 Revenue Growth: -47.5%
The Wind Farm Construction industry provides engineering, procurement and construction services for wind power generation projects. The industry has benefited from government intervention to boost use of renewable energy sources and reduce reliance on carbon-emitting fossil fuels. The Renewable Energy Target (RET) compels electricity generators and retailers to increase the share of power generated from renewable sources. Following a review, in June 2015, the Federal Government scaled back the RET, which initially reduced investment in wind projects, although most state and territory governments have independently legislated their own RETs.
The industry's performance has rebounded from a deep cyclical low in 2014-15... Learn More
2019-2020 Revenue Growth: -45.4%
The Diamond and Gemstone Mining industry primarily produces and exports diamonds from Rio Tinto's Argyle mine in Western Australia. Industry players export cheaper unsorted diamonds and a limited number of rare coloured diamonds. Yellow and pink diamonds from the Kimberley region in Western Australia are Australia's most notable coloured diamonds, and sales of these high-end stones contribute disproportionately to industry revenue. In addition to diamonds, the industry includes companies that mine opals, sapphires and other gemstones.
Industry revenue is expected to decline at an annualised 15.1% over the five years through 2019-20 to $387.7 million due to the gradual decommissioning of... Learn More
2019-2020 Revenue Growth: -39.9%
The Telecommunications Infrastructure Construction industry is driven by technological advances and growing demand from households and businesses for voice and data telecommunications. The Federal Government’s commitment to constructing the NBN, which is Australia’s largest infrastructure project, has been the principal factor underpinning demand for industry services over the past five years. The industry has also derived substantial stimulus over the period from major telecommunication carriers rolling out their 3G and 4G mobile telecommunications networks. In addition, construction work on wireless transmission stations for new 5G mobile networks is currently supporting the industry.The Federal Government scaled back the NBN in 2013-14 to yield savings in both... Learn More
2019-2020 Revenue Growth: -38.3%
The Oil and Gas Field Services industry is expected to decline at an annualised 41.8% over the five years through 2019-20, to $1.4 billion. Prior to 2015-16, unprecedented levels of investment in gas extraction and LNG production facilities across northern Australia shaped the industry's landscape. This investment was driven by technological advancements in natural gas extraction, liquefaction and long-distance transport. Furthermore, many companies in the upstream Oil and Gas Extraction industry outsourced site preparation and construction services to firms in the Oil and Gas Field Services industry.
The construction of major LNG projects in Queensland, Western Australia and the Northern Territory... Learn More
2019-2020 Revenue Growth: -27.7%
The days of scouring the shelves of the local movie rental store are over for many Australians, as the Video and DVD Hire Outlets industry succumbs to substitution by other home entertainment delivery systems. Many larger industry players are exploring alternative delivery models to maintain market share and use of their short-term rental business experience. These alternative models include expanding into DVD rental kiosks (vending machines) and using online movie streaming instead of traditional bricks-and-mortar video hire shops.The industry is succumbing to competition from new technology at an increasing rate. Many of the industry’s last stores have been closing as the... Learn More
2019-2020 Revenue Growth: -24.4%
Black coal is a key input into steelmaking and energy generation. Although black coal deposits are found all over the world, Australia is one of the world's lowest cost producers and a major black coal exporter. Domestic reserves exceed domestic demand, are high grade and economical to access. As a result, exports account for a large share of industry revenue. Imports are negligible in the industry, as total local production has been higher than domestic demand for black coal.
Industry revenue is expected to rise at an annualised 10.4% over the five years through 2018-19. Volatile trading conditions have affected industry... Learn More
2019-2020 Revenue Growth: -24.4%
Operators in the Fossil Fuel Electricity Generation industry have grappled with a changing regulatory environment and volatile wholesale prices over the past five years. Fossil fuel-fired power stations supply most of Australia's electricity. These power plants mainly run on black coal, brown coal and natural gas. Black and brown coal-fired power stations are often run continuously to provide baseload power, while natural gas stations can be fired up quickly to provide peaking power during spikes in demand. Industry revenue is expected to rise at an annualised 8.2% over the five years through 2018-19, to $17.1 billion.
Fossil fuel electricity generation is... Learn More
2019-2020 Revenue Growth: -22.2%
Electricity is the primary source of energy for most Australian households and industries, and installed generation, transmission and distribution infrastructure heavily influences the capacity to meet electricity demand. Despite major structural changes in the Electricity Supply subdivision in recent decades, the bulk of electricity infrastructure has remained state-owned. Public sector electricity network companies generally maintain in-house construction and maintenance operations and oversee much of the industry's activity.
Electricity infrastructure is built in advance of projected demand and extra capacity is constructed to minimise downtime risks. Substantial additions to Australia's electricity infrastructure since the late 2000s have contributed to the current excess... Learn More
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