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Victorian TCF Manufacturing Report

Loomtex, photography by Kate Ballis

Future Jobs, Technology and Economic Growth

Victoria’s fashion manufacturing industry has reached a critical point in its evolution, new research commissioned by the AFC in partnership with Epson Australia has revealed. Compiled by RMIT University, the report details for the first time, the current and potential value of our almost $1 billion industry.

A resilient sector in decline

In 2023, the Victorian TCF manufacturing industry generated over $930m for the Australian economy and employed over 9,000 people, 53% of which are women. TCF exports are valued at $334m, nearly $200m more than Victoria’s wine exports.

If left at the current trajectory, total industry value will decline by 18% with the loss of more than 700 jobs by 2030.

Barriers to growth

The report dives into the many challenges faced by the industry including underestimated industry value due to outdated ABS definitions; Limited support for SME's that are not prioritised in grants or funding; Unmet skills demand restricting industry growth; Rising operational costs and cost-competitiveness with offshore; and Ineffective procurement policies.

From decline to growth

Modelling shows that implementation of the proposed policy suite would result in: An additional $225 million contributed to the Victorian economy, bringing the total annual value of the sector to $1.03 billion; A $133 million increase in wages; A 15% increase to the Victorian TCF manufacturing workforce; Creating over 1,526 jobs, employing 9,900 workers with 6,200 positions estimated to be filled by female employees.

Five Key Recommendations

To prevent further industry decline and drive productivity, innovation and higher wage growth for the industry, comprehensive reform is needed across five key areas:

  • Include TCF manufacturing as a priority sector in the Made in Victoria 2030 policy.
  • Strengthen government procurement policies to increase local content in uniforms, workwear and personal protective equipment (PPE) contracts.
  • Develop a revitalised TCF skills and training program to fill workforce skills gaps.
  • Co-invest in advanced technology and jobs of the future for a sustainable, circular clothing economy.
  • Develop a national TCF manufacturing strategy, led by the Victorian Government and industry.

    Acknowledgements:
    Commissioned by the Australian Fashion Council in partnership with Epson Australia.
    Research for the report led by RMIT University team, with future state forecast modelling by RPS Consulting.
    Authors: Underwood, J., Street, P., Payne, A., Carol, T., Kennedy, K., Singh, A., & McCorkill, G.

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