Australia: Sportswear Market 2024

Sportswear Market Size in Australia

The Australian sportswear market rose to $X in 2022, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Sportswear consumption peaked in 2022 and is expected to retain growth in years to come.

Sportswear Exports

Exports from Australia

Sportswear exports from Australia surged to X units in 2022, rising by X% against the year before. In general, exports, however, continue to indicate a mild contraction. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sportswear exports surged to $X in 2022. Over the period under review, exports, however, showed a mild decline. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), the Netherlands (X units) and New Zealand (X units) were the main destinations of sportswear exports from Australia, with a combined X% share of total exports. Venezuela, Hong Kong SAR, Singapore, the UK and Canada lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Venezuela (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sportswear exported from Australia were the United States ($X), the Netherlands ($X) and New Zealand ($X), with a combined X% share of total exports. Hong Kong SAR, the UK, Canada, Singapore and Venezuela lagged somewhat behind, together comprising a further X%.

Venezuela, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average sportswear export price amounted to $X per unit, waning by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X%. The export price peaked at $X per unit in 2021, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Venezuela ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sportswear Imports

Imports into Australia

In 2022, approx. X units of track suits, ski suits and swimwear were imported into Australia; approximately equating the previous year's figure. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, leveling off in the following year.

In value terms, sportswear imports rose markedly to $X in 2022. Overall, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of sportswear to Australia, with a X% share of total imports. Moreover, sportswear imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), eightfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Bangladesh (X% per year).

In value terms, China ($X) constituted the largest supplier of track suits, ski suits and swimwear to Australia, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with an X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Bangladesh (X% per year).

Import Prices by Country

The average sportswear import price stood at $X per unit in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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