Australia and Oceania: Knitted Fabric Market 2025

Knitted Fabric Market Size in Australia and Oceania

The knitted fabric market in Australia and Oceania expanded rapidly to $X in 2021, surging by 9.2% against the previous year. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the immediate term.

Knitted Fabric Production in Australia and Oceania

In value terms, knitted fabric production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the production volume increased by 17%. The level of production peaked in 2021 and is likely to see steady growth in years to come.

Knitted Fabric Exports

Exports in Australia and Oceania

Knitted fabric exports contracted dramatically to X tons in 2021, declining by -15.9% on the previous year. Overall, exports faced a deep downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 14% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, knitted fabric exports declined to $X in 2021. In general, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2020 with an increase of 24%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia was the key exporter of knitted or crocheted fabrics in Australia and Oceania, with the volume of exports recording X tons, which was near 80% of total exports in 2021. It was distantly followed by New Zealand (X tons), creating a 13% share of total exports. Samoa (X tons) and American Samoa (X tons) followed a long way behind the leaders.

Exports from Australia decreased at an average annual rate of -11.3% from 2012 to 2021. At the same time, American Samoa (+22.7%) and Samoa (+17.3%) displayed positive paces of growth. Moreover, American Samoa emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +22.7% from 2012-2021. By contrast, New Zealand (-22.1%) illustrated a downward trend over the same period. While the share of Australia (+14 p.p.), Samoa (+3.9 p.p.) and American Samoa (+2.3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of New Zealand (-20.8 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest knitted fabric supplier in Australia and Oceania, comprising 83% of total exports. The second position in the ranking was held by New Zealand ($X), with a 12% share of total exports. It was followed by Samoa, with a 1.7% share.

From 2012 to 2021, the average annual growth rate of value in Australia amounted to -10.1%. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (-28.0% per year) and Samoa (+12.6% per year).

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, picking up by 2.7% against the previous year. Overall, the export price, however, continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2019 an increase of 24%. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while Samoa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+1.4%), while the other leaders experienced a decline in the export price figures.

Knitted Fabric Imports

Imports in Australia and Oceania

In 2021, the amount of knitted or crocheted fabrics imported in Australia and Oceania rose modestly to X tons, with an increase of 3% against the previous year's figure. The total import volume increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by 11%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, knitted fabric imports soared to $X in 2021. The total import value increased at an average annual rate of +1.0% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia represented the largest importing country with an import of about X tons, which amounted to 76% of total imports. It was distantly followed by New Zealand (X tons), comprising a 20% share of total imports. Fiji (X tons) followed a long way behind the leaders.

Imports into Australia increased at an average annual rate of +1.1% from 2012 to 2021. At the same time, New Zealand (+3.0%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +3.0% from 2012-2021. Fiji experienced a relatively flat trend pattern. New Zealand (+2.5 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -3.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported knitted or crocheted fabrics in Australia and Oceania, comprising 70% of total imports. The second position in the ranking was held by New Zealand ($X), with a 24% share of total imports.

In Australia, knitted fabric imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: New Zealand (+3.7% per year) and Fiji (-0.8% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, growing by 15% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Fiji ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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