Australia and Oceania: Waterproof Footwear Market 2024

Waterproof Footwear Market Size in Australia and Oceania

In 2022, the waterproof footwear market in Australia and Oceania increased by 30% to $X, rising for the fourth consecutive year after four years of decline. Overall, consumption saw a tangible increase. The level of consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Waterproof Footwear Production in Australia and Oceania

In value terms, waterproof footwear production rose significantly to $X in 2022 estimated in export price. Overall, production posted pronounced growth. The growth pace was the most rapid in 2018 with an increase of 34% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Waterproof Footwear Exports

Exports in Australia and Oceania

In 2022, overseas shipments of waterproof footwear decreased by -48.9% to X pairs, falling for the fourth year in a row after four years of growth. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 207%. The volume of export peaked at X pairs in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, waterproof footwear exports shrank dramatically to $X in 2022. In general, exports, however, continue to indicate mild growth. The pace of growth was the most pronounced in 2017 when exports increased by 243%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia represented the main exporter of waterproof footwear in Australia and Oceania, with the volume of exports amounting to X pairs, which was approx. 87% of total exports in 2022. It was distantly followed by New Zealand (X pairs), achieving a 12% share of total exports.

Australia was also the fastest-growing in terms of the waterproof footwear exports, with a CAGR of +9.4% from 2012 to 2022. New Zealand (-15.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Australia increased by +54 percentage points.

In value terms, Australia ($X) remains the largest waterproof footwear supplier in Australia and Oceania, comprising 89% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia totaled +8.9%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per pair in 2022, growing by 11% against the previous year. Export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, waterproof footwear export price decreased by -22.6% against 2020 indices. The growth pace was the most rapid in 2019 when the export price increased by 57%. The level of export peaked at $X per pair in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+0.9%).

Waterproof Footwear Imports

Imports in Australia and Oceania

In 2022, supplies from abroad of waterproof footwear increased by 17% to X pairs, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, recorded a mild decrease. The growth pace was the most rapid in 2021 with an increase of 42% against the previous year. Over the period under review, imports reached the maximum at X pairs in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, waterproof footwear imports soared to $X in 2022. Overall, imports continue to indicate moderate growth. The pace of growth was the most pronounced in 2021 when imports increased by 59%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Australia was the key importer of waterproof footwear in Australia and Oceania, with the volume of imports reaching X pairs, which was approx. 57% of total imports in 2022. It was distantly followed by New Zealand (X pairs), achieving a 35% share of total imports. The following importers - Papua New Guinea (X pairs) and Fiji (X pairs) - together made up 6.2% of total imports.

From 2012 to 2022, the biggest increases were recorded for Fiji (with a CAGR of +9.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), New Zealand ($X) and Papua New Guinea ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 97% of total imports.

Among the main importing countries, Australia, with a CAGR of +6.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Australia and Oceania stood at $X per pair in 2022, with an increase of 11% against the previous year. Import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, waterproof footwear import price increased by +40.7% against 2017 indices. The most prominent rate of growth was recorded in 2015 when the import price increased by 31%. Over the period under review, import prices reached the maximum in 2022 and is likely to continue 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 ($X per pair), while Fiji ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+14.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :