Based on the expert analysis and our database of 70+ Global industries, IBISWorld presents a list of the Fastest Declining Industries Global by Revenue Growth (%) in 2019
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View a list of the Top 25 fastest declining industries2018-2019 Revenue Growth: -7.1%
The Global Computer Hardware Manufacturing industry produces a range of products, including desktop and laptop personal computers (PCs), computer peripherals and storage devices. Over the five years to 2019, competing trends have defined the industry's performance. Growing competition from tablet devices and mobile phones has eroded demand for traditional PCs worldwide, culminating in a decline in PC shipments globally during the five-year period. Furthermore, the industry's notorious price competition has limited manufacturers' revenue potential, with prices expected to fall at an annualized rate of 2.8% during the same period. Compounded, these trends have led to a decline in demand at... Learn More
2018-2019 Revenue Growth: -6.5%
Operators in the Global Oil and Gas Exploration and Production industry find and extract crude oil and natural gas from oil and gas reserves throughout the world. Over the five years to 2019, the prices of crude oil and natural gas have fluctuated violently despite steady growth in production, and this has caused wild revenue fluctuations. Prices rose significantly in the years leading up to the reporting period, peaking in 2012. Slowing global demand alongside continually rising supply caused prices to plummet in 2015 and 2016, although they have since recovered. Overall, declining prices have cut into profit margins and... Learn More
2018-2019 Revenue Growth: -5.8%
Over the five years to 2018, high volatility in the international dairy market has had a significant influence on the performance of the Global Milk and Cream Manufacturing industry. Solid economic growth in the growing economies of Asia and South America, particularly in the BRIC (Brazil, Russia, India and China) nations, alongside rising global per capita income have led to consistent growth in global demand for milk and dairy products. However, global overproduction, both due to growing industry participation in Asia as well as a lifting of European milk quotas in 2015, have led to significant fluctuations in the price... Learn More
2018-2019 Revenue Growth: -3.7%
The Global Magazine Publishing industry struggled to adapt to the challenges and opportunities presented by digital disruption and economic shifts over the five years to 2018. While there is no shortage of consumer demand for magazines' core offering of news and information, the proliferation of new forms of media, many of them available online for free, has threatened magazines' traditional position. In addition to competition from online media, operators have struggled to adopt digital monetization strategies. Furthermore, while magazine circulation has remained relatively steady, newsstand sales have declined in developed economies, leaving publishers to sell heavily discounted subscriptions to bolster... Learn More
2018-2019 Revenue Growth: -2.3%
The Global Iron Ore Mining industry's financial performance has been weak over the five years to 2019. Industry revenue is a function of global demand conditions, and the volatility in the world price of iron ore during the reporting period has led to several years of double-digit declines. Iron ore prices and industry revenue reached record peaks during the previous five-year period before softening due to decelerating demand from emerging markets. Alongside increased production, this caused an imbalance between supply and demand that resulted in plummeting prices in 2014 and 2015. Despite steady growth in global production, industry revenue is... Learn More
2018-2019 Revenue Growth: -2.0%
Over the five years to 2019, the Global Ship and Boat Building industry has operated through unfavorable global economic conditions. Industry players build ships and boats ranging from large container ships and tankers to yachts and speedboats. However, the vast majority of industry revenue comes from the construction of large ships used for cargo transportation. Despite the global economic downturn, industry revenue kept climbing as large backlogs kept shipyards busy until 2011. Nevertheless, the economic downturn and subsequent overcapacity in the industry has led to a collapse in new orders during the current period. Consequently, industry backlogs were eventually depleted... Learn More
2018-2019 Revenue Growth: -1.8%
The Global Soft Drink and Bottled Water Manufacturing industry has experienced multiple obstacles from mature markets over the five years to 2019, leading to a global industry contraction. Due to growing health concerns, consumers in North America and Europe have curbed their intake of sugary beverages, such as carbonated soft drinks, fruit juices and traditional sports drinks. Bottled water consumption has wavered in recent years due to concerns regarding the environmental footprint of plastic bottles. Nevertheless, the strengthening economies of the BRIC nations (Brazil, Russia, India and China) and those in countries in Asia, Latin America and the Middle East... Learn More
2018-2019 Revenue Growth: -1.6%
The Global Spirits Manufacturing industry is anticipated to sink over the five years to 2018 as a result of poor performance in Eastern Europe which outweighed modest growth of other regions. Spirit consumption in emerging markets such as Asia has grown while consumers in developed economies have increased expenditure on spirits by trading up to premium products. However, unfavorable trends hurt global trade and spirit expenditure in Eastern Europe's key markets. As a result, the industry is expected to decline an annualized 3.2% to $124.9 billion during the period despite a growth of 6.4% in 2018 alone, as a result... Learn More
2018-2019 Revenue Growth: -1.0%
The Global Newspaper Publishing industry has endured rising external competition from digital media formats, which has lowered the industry's revenue base over the five years to 2019. The explosion of online entertainment and news, fueled by the rapid adoption of mobile devices and high-speed internet, has attracted a greater share of advertising spending, which until recently was the industry's principal revenue stream. Readers are also opting for free news articles that have been able to capture younger demographics, particularly in mature economies. Over the five years to 2019, industry revenue is expected to decline an annualized 2.7% to $107.4 billion.... Learn More
2018-2019 Revenue Growth: -0.7%
The value of the Global Cheese Manufacturing industry has shrunk over the five years to 2019, despite stable demand for dairy products, improved per capita consumption of cheese worldwide and continued product innovation. Overall, IBISWorld estimates that industry revenue has declined an annualized 2.4% to $109.3 billion over the five years to 2019. While the industry performed well in the years leading up to the reporting period, a sharp decline in the price of milk beginning in 2015 placed significant downward pressure on cheese prices. In addition, a depreciating euro cut into the value of cheese produced in Europe, which... Learn More
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