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 2020
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View a list of the Top 25 fastest declining industries2019-2020 Revenue Growth: -6.4%
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
2019-2020 Revenue Growth: -5.4%
Coal mined by the Global Coal Mining industry plays a vital role in the world's ability to generate electricity and manufacture steel. Coal's position in global electricity markets stems from its relative accessibility, affordability and distribution across the globe. The world's largest coal producers are China, the United States and India, with these countries expected to retain their positions. Industry revenue is a function of global production of industry products alongside their prices, with prices being closely tied to global demand and supply conditions. Over the five years to 2019, the prices of thermal and coking coal have fluctuated wildly,... Learn More
2019-2020 Revenue Growth: -3.2%
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 sharply 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
2019-2020 Revenue Growth: -2.8%
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
2019-2020 Revenue Growth: -1.0%
The Global Magazine Publishing industry has struggled to adapt to the challenges and opportunities presented by digital disruption and economic shifts over the five years to 2019. While there is no shortage of consumer demand for magazines' core offerings of news and information, the proliferation of new forms of media, with many of them available online and for free, has threatened the traditional position of magazines. In addition to competition from online media, operators have struggled to adopt successful digital monetization strategies. Furthermore, while magazine circulation has remained relatively steady, newsstand sales have declined in developed economies, leaving publishers to... Learn More
2019-2020 Revenue Growth: -0.7%
The Global Commercial Real Estate (CRE) industry has grown tepidly over the five years to 2019. Early during the period, revenue thrived as global investor confidence and aggregate investment flourished. However, in 2015, investor confidence took a hit, which continued into 2016 largely due to global political uncertainty and low oil prices. This negatively affected investment in the industry, and revenue declined 1.2% in 2016. Global investment has since rebounded strongly amid strong global economic growth, which propelled industry revenue to recover. In 2018, global CRE investment grew to the highest level since the financial crisis of 2008, which aided... Learn More
2019-2020 Revenue Growth: -0.6%
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
2019-2020 Revenue Growth: 0.2%
Operators in the Global Cigarette and Tobacco Manufacturing industry have contended with declining tobacco consumption in many developed countries across the world over the five years to 2019. This has been the main threat to the industry's performance as awareness of the effects of tobacco consumption has intensified. Despite lower global volume sales in developed countries, industry operators have been able to maintain revenue growth by successfully raising prices on tobacco products. Furthermore, rising consumption in certain emerging markets has helped drive revenue and maintain increase profit. As a result, the industry is anticipated to grow an annualized 0.5% to... Learn More
2019-2020 Revenue Growth: 0.3%
The Global Sports Betting and Lotteries industry consists of operations providing gambling services such as sports betting and lottery contests. While it is possible to wager small amounts for sporting events, gambling is considered a discretionary purchase for consumers, and therefore, the industry is primarily driven by the state of the economy. However, revenue growth for lotteries is relatively stable as lottery tickets are inexpensive and widespread market acceptance enables the industry to remain relevant. The industry has performed well over the five years to 2019 as the global economy continued its improvement and consumers increased discretionary spending. Strong demand... Learn More
2019-2020 Revenue Growth: 0.3%
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
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