New Zealand: Woolen Fabric Market 2024

Woolen Fabric Market Size in New Zealand

The New Zealand woolen fabric market contracted notably to $X in 2023, shrinking by X% against the previous year. In general, consumption recorded a pronounced decrease. As a result, consumption attained the peak level of $X. From 2014 to 2023, the growth of the market failed to regain momentum.

Woolen Fabric Production in New Zealand

In value terms, woolen fabric production declined slightly to $X in 2023 estimated in export price. Over the period under review, production recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2022 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Woolen Fabric Exports

Exports from New Zealand

In 2023, overseas shipments of woven woolen fabrics decreased by X% to X square meters for the first time since 2020, thus ending a two-year rising trend. In general, exports saw a deep setback. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at X square meters in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, woolen fabric exports fell sharply to $X in 2023. Over the period under review, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Australia (X square meters) was the main destination for woolen fabric exports from New Zealand, with a X% share of total exports. Moreover, woolen fabric exports to Australia exceeded the volume sent to the second major destination, the United States (X square meters), fourfold. The third position in this ranking was held by Canada (X square meters), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Australia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Canada (X% per year).

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

From 2012 to 2023, the average annual growth rate of value to Australia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Canada (X% per year).

Export Prices by Country

In 2023, the average woolen fabric export price amounted to $X per square meter, with an increase of X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. The export price peaked at $X per square meter in 2016; however, from 2017 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Fiji ($X per square meter), while the average price for exports to Australia ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (X%), while the prices for the other major destinations experienced more modest paces of growth.

Woolen Fabric Imports

Imports into New Zealand

After two years of growth, overseas purchases of woven woolen fabrics decreased by X% to X square meters in 2023. In general, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X square meters in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, woolen fabric imports dropped rapidly to $X in 2023. Overall, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The UK (X square meters), Italy (X square meters) and China (X square meters) were the main suppliers of woolen fabric imports to New Zealand.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the UK ($X), Italy ($X) and China ($X) were the largest woolen fabric suppliers to New Zealand, with a combined X% share of total imports. Australia, South Korea, Japan, India, Vietnam, the Netherlands, Chile and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Japan, with a CAGR of X%, recorded the highest rates of growth with regard to 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 woolen fabric import price stood at $X per square meter in 2023, surging by X% against the previous year. In general, the import price saw a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Chile ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Chile (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform