Australia and Oceania: Knitted Fabric Market 2024

Knitted Fabric Market Size in Australia and Oceania

The knitted fabric market in Australia and Oceania contracted to $X in 2022, waning by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market attained the maximum level at $X in 2021, and then contracted modestly in the following year.

Knitted Fabric Production in Australia and Oceania

In value terms, knitted fabric production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, production hit record highs at $X in 2021, and then contracted in the following year.

Knitted Fabric Exports

Exports in Australia and Oceania

In 2022, knitted fabric exports in Australia and Oceania stood at X tons, picking up by X% against the previous year's figure. Over the period under review, exports, however, recorded a abrupt decline. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, knitted fabric exports rose remarkably to $X in 2022. In general, exports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Australia was the largest exporter of knitted or crocheted fabrics in Australia and Oceania, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. New Zealand (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Fiji (X%). The following exporters - Samoa (X tons) and American Samoa (X tons) - each accounted for a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to knitted fabric exports from Australia stood at X%. At the same time, Fiji (X%), American Samoa (X%) and Samoa (X%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, New Zealand (X%) illustrated a downward trend over the same period. Australia (X p.p.), Fiji (X p.p.), Samoa (X p.p.) and American Samoa (X p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Australia ($X) remains the largest knitted fabric supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total exports. It was followed by Samoa, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled X%. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and Samoa (X% per year).

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, reducing by X% against the previous year. Overall, the export price continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced a decline in the export price figures.

Knitted Fabric Imports

Imports in Australia and Oceania

After three years of growth, overseas purchases of knitted or crocheted fabrics decreased by X% to X tons in 2022. In general, imports, however, continue to indicate a slight increase. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, knitted fabric imports fell to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then fell modestly in the following year.

Imports by Country

Australia was the major importer of knitted or crocheted fabrics in Australia and Oceania, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. It was distantly followed by New Zealand (X tons), comprising an X% share of total imports. Fiji (X tons) took a little share of total imports.

Australia experienced a relatively flat trend pattern with regard to volume of imports of knitted or crocheted fabrics. At the same time, New Zealand (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. Fiji experienced a relatively flat trend pattern. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported knitted or crocheted fabrics in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia was relatively modest. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and Fiji (X% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Fiji ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Fiji (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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