-2.1% yoy
↘Market power is widening
Top firms are consolidating share faster than the long tail can react, pushing effective competition down another 2 percentage points this year.
November 2025 | Latest insight
Competition is on the decline
Australia's contestable markets remain under pressure; this page tracks high-level signals. Use the summary signals below, then jump to the industry explorer for more detail. Integer luctus, arcu eget gravida tempus, justo libero aliquam urna, vitae varius risus tortor non lorem.
Where competition is slipping
-18% net entry
↘Entry keeps slowing
New firm registrations in key product markets fell to their lowest level since 2014, signalling headwinds for innovation.
+4.3% markup
↗Prices stay sticky
Markups across essential services have remained elevated despite easing input costs, suggesting consumers aren't benefiting from lower inflation.
Competition signals
| Metric | Timeline | Trend | Competition signal | Magnitude |
|---|---|---|---|---|
| Price markups | 2018-24 | ▼ | 18.0%-24.0% | |
| Market concentration (CR4) | 2015-24 | ▼ | 42.9%-48.5% | |
| Firm entry rate | 2004-24 | ▼ | 14.5%-12.1% | |
| Firm exit rate | 2004-24 | ▲ | 10.2%-7.5% | |
| Cross-division mobility | 2018-24 | ▲ | 10.5%-12.1% | |
| Top-4 persistence | 2010-24 | ▲ | 76.0%-60.0% | |
| Gross operating surplus / GDP | 2010-23 | ▼ | 27.0%-30.8% |
Explore by industry
Click a division to drill into 2- and 3-digit ANZSIC levels. Size = GVA, color = concentration.
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