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Australia - Knitted Or Crocheted Fabrics - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAustralias Imports of Knitted Fabric Hit a Low of $67M in 2023
Australia Knitted Fabric Imports
For the third consecutive year, Australia recorded decline in purchases abroad of knitted or crocheted fabrics, which decreased by -15.8% to 11K tons in 2023. Over the period under review, imports saw a slight curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 16% against the previous year. Over the period under review, imports attained the peak figure at 15K tons in 2016; however, from 2017 to 2023, imports failed to regain momentum.
In value terms, knitted fabric imports reduced markedly to $67M (IndexBox estimates) in 2023. Overall, imports saw a mild curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 14% against the previous year. As a result, imports attained the peak of $89M. From 2015 to 2023, the growth of imports remained at a somewhat lower figure.
COUNTRY | Import Value of Knitted Fabric in Australia (million USD) | ||||||||||
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2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
China | 28.3 | 33.0 | 29.5 | 28.9 | 28.9 | 30.2 | 28.0 | 33.7 | 33.2 | 36.8 | 23.5 |
South Korea | 14.1 | 15.3 | 14.6 | 13.4 | 13.4 | 12.2 | 11.5 | 10.9 | 9.7 | 8.9 | 5.9 |
Vietnam | 1.6 | 2.6 | 2.1 | 2.3 | 2.7 | 2.4 | 2.3 | 2.2 | 2.3 | 3.9 | 3.3 |
United Kingdom | 0.6 | 0.7 | 0.8 | 0.9 | 0.9 | 1.0 | 1.0 | 1.3 | 2.1 | 3.3 | 1.9 |
Italy | 4.7 | 6.9 | 5.9 | 5.2 | 6.3 | 4.6 | 3.0 | 4.8 | 5.8 | 5.0 | 1.8 |
Indonesia | 3.3 | 4.1 | 3.8 | 2.6 | 2.2 | 1.5 | 1.3 | 1.5 | 1.5 | 2.2 | 1.8 |
Taiwan (Chinese) | 4.0 | 3.2 | 2.6 | 2.3 | 2.3 | 2.1 | 1.6 | 1.5 | 1.8 | 1.8 | 1.3 |
Germany | 3.5 | 3.6 | 3.2 | 3.8 | 4.5 | 2.0 | 3.8 | 4.4 | 4.3 | 3.1 | 0.8 |
Israel | 2.8 | 5.1 | 2.7 | 3.3 | 6.5 | 3.0 | 6.2 | 6.9 | 8.7 | 5.1 | N/A |
Others | 15.0 | 14.7 | 12.1 | 13.1 | 14.3 | 13.7 | 12.1 | 10.5 | 17.4 | 17.6 | 26.4 |
Total | 78.0 | 89.3 | 77.4 | 75.8 | 81.9 | 72.7 | 70.9 | 77.8 | 86.9 | 87.6 | 66.8 |
Imports by Country
In 2023, China (3.9K tons) constituted the largest knitted fabric supplier to Australia, with a 34% share of total imports. Moreover, knitted fabric imports from China exceeded the figures recorded by the second-largest supplier, South Korea (1K tons), fourfold. Vietnam (606 tons) ranked third in terms of total imports with a 5.3% share.
From 2013 to 2023, the average annual rate of growth in terms of volume from China totaled -4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-9.0% per year) and Vietnam (+5.2% per year).
In value terms, China ($24M) constituted the largest supplier of knitted or crocheted fabrics to Australia, comprising 35% of total imports. The second position in the ranking was taken by South Korea ($5.9M), with an 8.8% share of total imports. It was followed by Vietnam, with a 4.9% share.
From 2013 to 2023, the average annual rate of growth in terms of value from China totaled -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-8.4% per year) and Vietnam (+7.7% per year).
Imports by Type
In 2023, warp knit fabrics, incl. those made on galloon knitting machines, of a width of > 30 cm (7K tons) constituted the largest type of knitted or crocheted fabrics supplied to Australia, accounting for a 62% share of total imports. Moreover, warp knit fabrics, incl. those made on galloon knitting machines, of a width of > 30 cm exceeded the figures recorded for the second-largest type, fabrics, knitted or crocheted, of a width of > 30 cm (2.6K tons), threefold. The third position in this ranking was taken by knitted or crocheted fabrics, of a width > 30 cm, containing by weight >= 5% of elastomeric yarn or rubber thread (1K tons), with a 9% share.
From 2013 to 2023, the average annual rate of growth in terms of the volume of warp knit fabrics, incl. those made on galloon knitting machines, of a width of > 30 cm imports was relatively modest. With regard to the other supplied products, the following average annual rates of growth were recorded: fabrics, knitted or crocheted, of a width of > 30 cm (-1.2% per year) and knitted or crocheted fabrics, of a width > 30 cm, containing by weight >= 5% of elastomeric yarn or rubber thread (-5.1% per year).
In value terms, knitted or crocheted fabrics with the largest imports in Australia were warp knit fabrics, incl. those made on galloon knitting machines, of a width of > 30 cm ($33M), fabrics, knitted or crocheted, of a width of > 30 cm ($17M) and knitted or crocheted fabrics, of a width > 30 cm, containing by weight >= 5% of elastomeric yarn or rubber thread ($11M), with a combined 92% share of total imports. Knitted or crocheted pile fabrics, knitted or crocheted fabrics, of a width <= 30 cm, containing by weight >= 5% of elastomeric yarn or rubber thread and knitted or crocheted fabrics, of a width <= 30 cm lagged somewhat behind, together accounting for a further 8%.
Import Prices by Country
In 2023, the knitted fabric price amounted to $5,890 per ton (CIF, Australia), which is down by -9.5% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 16% against the previous year. The import price peaked at $6,510 per ton in 2022, and then fell in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($19,954 per ton), while the price for Thailand ($1,850 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Israel (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the knitted fabric market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 13911100 - Pile fabrics, terry fabrics, knitted or crocheted
- Prodcom 13911910 - Knitted or crocheted fabrics (excluding pile fabrics)
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023