Australia and Oceania: Men Knitwear Market 2024

Men Knitwear Market Size in Australia and Oceania

After seven years of growth, the men knitwear market in Australia and Oceania decreased by X% to $X in 2023. In general, consumption, however, posted a strong increase. Over the period under review, the market hit record highs at $X in 2022, and then fell in the following year.

Men Knitwear Production in Australia and Oceania

In value terms, men knitwear production contracted to $X in 2023 estimated in export price. In general, production, however, posted significant growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2023, production failed to regain momentum.

Men Knitwear Exports

Exports in Australia and Oceania

After two years of growth, shipments abroad of men's or boys' clothing (knitted or crocheted) decreased by X% to X units in 2023. Total exports indicated a notable increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of export peaked at X units in 2022, and then dropped slightly in the following year.

In value terms, men knitwear exports shrank to $X in 2023. Total exports indicated a tangible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

Australia represented the largest exporter of men's or boys' clothing (knitted or crocheted) in Australia and Oceania, with the volume of exports resulting at X units, which was near X% of total exports in 2023. Fiji (X units) ranks second in terms of the total exports with a X% share, followed by New Zealand (X%).

Exports from Australia increased at an average annual rate of X% from 2012 to 2023. At the same time, Fiji (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 2012-2023. By contrast, New Zealand (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Fiji increased by X percentage points.

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

From 2012 to 2023, 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 Fiji (X% per year).

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per unit, declining by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while Fiji ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the other leaders experienced a decline in the export price figures.

Men Knitwear Imports

Imports in Australia and Oceania

After three years of growth, purchases abroad of men's or boys' clothing (knitted or crocheted) decreased by X% to X units in 2023. Total imports indicated a buoyant increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked at X units in 2022, and then dropped in the following year.

In value terms, men knitwear imports fell to $X in 2023. In general, imports, however, showed buoyant growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then fell in the following year.

Imports by Country

Australia represented the key importing country with an import of about X units, which accounted for X% of total imports. New Zealand (X units) took the second position in the ranking, distantly followed by Papua New Guinea (X units). All these countries together held near X% share of total imports.

Australia was also the fastest-growing in terms of the men's or boys' clothing (knitted or crocheted) imports, with a CAGR of X% from 2012 to 2023. At the same time, New Zealand (X%) displayed positive paces of growth. By contrast, Papua New Guinea (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Australia increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Australia stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Papua New Guinea (X% per year).

Import Prices by Country

In 2023, the import price in Australia and Oceania amounted to $X per unit, surging by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure in 2023 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was New Zealand ($X per unit), while Papua New Guinea ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform