Australia and Oceania: Footwear Treatments Market 2024

Footwear Treatments Market Size in Australia and Oceania

The footwear treatments market in Australia and Oceania expanded rapidly to $X in 2022, with an increase of 7.8% against the previous year. The market value increased at an average annual rate of +5.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Footwear Treatments Production in Australia and Oceania

In value terms, footwear treatments production fell sharply to $X in 2022 estimated in export price. Over the period under review, production saw a deep reduction. The growth pace was the most rapid in 2019 with an increase of 1,857% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Footwear Treatments Exports

Exports in Australia and Oceania

In 2022, footwear treatments exports in Australia and Oceania contracted rapidly to X tons, falling by -21.1% against 2021 figures. In general, exports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2017 with an increase of 134% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, footwear treatments exports rose remarkably to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 91% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Australia prevails in exports structure, accounting for X tons, which was approx. 93% of total exports in 2022. It was distantly followed by New Zealand (X tons), creating a 6.7% share of total exports.

Exports from Australia decreased at an average annual rate of -3.8% from 2012 to 2022. At the same time, New Zealand (+5.9%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +5.9% from 2012-2022. New Zealand (+4 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -3.9% from 2012 to 2022, respectively.

In value terms, Australia ($X) remains the largest footwear treatments supplier in Australia and Oceania, comprising 95% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 4.9% share of total exports.

In Australia, footwear treatments exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, picking up by 36% against the previous year. Overall, the export price continues to indicate a tangible expansion. The pace of growth was the most pronounced in 2013 an increase of 72%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+3.0%).

Footwear Treatments Imports

Imports in Australia and Oceania

In 2022, approx. X tons of polishes and creams for footwear or leather were imported in Australia and Oceania; with a decrease of -2.4% on 2021 figures. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 24%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, footwear treatments imports reached $X in 2022. The total import value increased at an average annual rate of +4.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 22%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Australia represented the key importing country with an import of around X tons, which recorded 74% of total imports. It was distantly followed by New Zealand (X tons), mixing up a 20% share of total imports. The following importers - Fiji (X tons) and Papua New Guinea (X tons) - each amounted to a 4.1% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to footwear treatments imports into Australia stood at +2.2%. At the same time, New Zealand (+6.2%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +6.2% from 2012-2022. By contrast, Fiji (-2.0%) and Papua New Guinea (-4.5%) illustrated a downward trend over the same period. New Zealand (+6.1 p.p.) significantly strengthened its position in terms of the total imports, while Papua New Guinea and Australia saw its share reduced by -1.8% and -2.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported polishes and creams for footwear or leather in Australia and Oceania, comprising 77% of total imports. The second position in the ranking was held by New Zealand ($X), with a 19% share of total imports. It was followed by Fiji, with a 1.3% share.

In Australia, footwear treatments imports expanded at an average annual rate of +6.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (-0.2% per year) and Fiji (+1.9% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, surging by 8.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2017 an increase of 23%. The level of import peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Fiji (+3.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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