Australia - Artificial Fur - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAustralia Sees Sharp Decline in Artificial Fur Imports to $1.1M in 2023
Australia Artificial Fur Imports
In 2023, supplies from abroad of artificial fur decreased by -51.1% to 42 tons, falling for the second consecutive year after two years of growth. Overall, imports showed a slight descent. The pace of growth appeared the most rapid in 2020 when imports increased by 180% against the previous year. Imports peaked at 128 tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.
In value terms, artificial fur imports shrank notably to $1.1M (IndexBox estimates) in 2023. In general, imports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 214%. Imports peaked at $2.5M in 2021; however, from 2022 to 2023, imports remained at a lower figure.
| COUNTRY | Import Value of Artificial Fur in Australia (thousand USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| China | 343 | 556 | 630 | 1,852 | 1,664 | 567 | 389 | 1,529 | 2,341 | 1,995 | 981 |
| Italy | N/A | 11.8 | 24.5 | 12.6 | 6.3 | 23.1 | 35.3 | 15.1 | 30.2 | 23.7 | 46.2 |
| United Kingdom | 2.9 | 5.7 | N/A | N/A | 6.0 | N/A | 9.2 | N/A | N/A | 3.2 | 42.3 |
| United States | 18.0 | 19.2 | 22.9 | 35.1 | 32.2 | 8.0 | 13.2 | 1.1 | 53.3 | 4.8 | 3.9 |
| Hong Kong | 1.5 | 62.7 | 48.8 | 35.9 | 127 | N/A | N/A | N/A | N/A | N/A | N/A |
| Others | 43.2 | 12.2 | 15.8 | 51.8 | 20.8 | 16.7 | 52.6 | 21.3 | 27.2 | 7.7 | 11.1 |
| Total | 409 | 668 | 742 | 1,987 | 1,856 | 615 | 499 | 1,567 | 2,451 | 2,034 | 1,085 |
Imports by Country
In 2023, China (38 tons) constituted the largest artificial fur supplier to Australia, accounting for a 90% share of total imports. Moreover, artificial fur imports from China exceeded the figures recorded by the second-largest supplier, the UK (1.9 tons), more than tenfold. The third position in this ranking was taken by Italy (1.8 tons), with a 4.3% share.
From 2013 to 2023, the average annual rate of growth in terms of volume from China amounted to -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+34.0% per year) and Italy (+18.2% per year).
In value terms, China ($981K) constituted the largest supplier of artificial fur to Australia, comprising 90% of total imports. The second position in the ranking was taken by Italy ($46K), with a 4.3% share of total imports. It was followed by the UK, with a 3.9% share.
From 2013 to 2023, the average annual rate of growth in terms of value from China totaled +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+16.3% per year) and the UK (+30.7% per year).
Import Prices by Country
In 2023, the artificial fur price stood at $26,022 per ton (CIF, Australia), surging by 9.1% against the previous year. In general, the import price showed a buoyant increase. The most prominent rate of growth was recorded in 2014 an increase of 49% against the previous year. Over the period under review, average import prices attained the peak figure in 2023 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were China ($26,162 per ton) and Italy ($26,056 per ton), while the price for the UK ($21,840 per ton) and the United States ($25,649 per ton) were amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Hong Kong (+32.0%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the artificial fur 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 13911920 - Artificial fur and articles thereof
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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
