New Zealand: Knitted Fabric Market 2024

Knitted Fabric Market Size in New Zealand

After two years of growth, the New Zealand knitted fabric market decreased by X% to $X in 2022. Over the period under review, the total consumption indicated a temperate 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, consumption increased by X% against 2019 indices. As a result, consumption reached the peak level of $X, and then declined in the following year.

Knitted Fabric Production in New Zealand

In value terms, knitted fabric production fell to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Knitted Fabric Exports

Exports from New Zealand

In 2022, approx. X tons of knitted or crocheted fabrics were exported from New Zealand; approximately mirroring the year before. In general, exports continue to indicate a significant contraction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, knitted fabric exports reduced rapidly to $X in 2022. Over the period under review, exports faced a sharp slump. 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 hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X tons) was the main destination for knitted fabric exports from New Zealand, accounting for a X% share of total exports. Moreover, knitted fabric exports to Australia exceeded the volume sent to the second major destination, Samoa (X tons), threefold. American Samoa (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Samoa (X% per year) and American Samoa (X% per year).

In value terms, Australia ($X) remains the key foreign market for knitted or crocheted fabrics exports from New Zealand, comprising X% of total exports. The second position in the ranking was held by Samoa ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Samoa (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average knitted fabric export price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to American Samoa (X%), while the prices for the other major destinations experienced mixed trend patterns.

Knitted Fabric Imports

Imports into New Zealand

In 2022, approx. X tons of knitted or crocheted fabrics were imported into New Zealand; shrinking by X% against the previous year. Overall, total imports indicated slight growth 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 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then reduced in the following year.

In value terms, knitted fabric imports declined sharply to $X in 2022. In general, total imports indicated a mild 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 growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then shrank notably in the following year.

Imports by Country

South Korea (X tons), China (X tons) and Australia (X tons) were the main suppliers of knitted fabric imports to New Zealand, with a combined X% share of total imports. Portugal, Greece, Indonesia, Israel, Italy, Pakistan, Vietnam, Germany, Poland and Hungary lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and Australia ($X) were the largest knitted fabric suppliers to New Zealand, with a combined X% share of total imports. Vietnam, Greece, Portugal, Indonesia, Germany, Italy, Israel, Pakistan, Poland and Hungary lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Poland, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average knitted fabric import price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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