Australia: Footwear Market 2024

Footwear Market Size in Australia

In 2022, the Australian footwear market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Footwear consumption peaked in 2022 and is likely to see steady growth in years to come.

Footwear Exports

Exports from Australia

In 2022, shipments abroad of footwear decreased by X% to X pairs, falling for the fourth year in a row after three years of growth. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at X pairs in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, footwear exports rose remarkably to $X in 2022. Over the period under review, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

New Zealand (X pairs) was the main destination for footwear exports from Australia, with a X% share of total exports. Moreover, footwear exports to New Zealand exceeded the volume sent to the second major destination, Papua New Guinea (X pairs), sevenfold. The third position in this ranking was held by the UK (X pairs), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (X% per year) and the UK (X% per year).

In value terms, New Zealand ($X) remains the key foreign market for footwear exports from Australia, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and the UK (X% per year).

Export Prices by Country

In 2022, the average footwear export price amounted to $X per pair, rising by X% against the previous year. Overall, the export price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per pair), while the average price for exports to Malaysia ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Footwear Imports

Imports into Australia

In 2022, purchases abroad of footwear increased by X% to X pairs, rising for the second consecutive year after three years of decline. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X pairs in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, footwear imports soared to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern 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%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X pairs) constituted the largest footwear supplier to Australia, with a X% share of total imports. Moreover, footwear imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X pairs), fivefold. The third position in this ranking was taken by Indonesia (X pairs), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Indonesia (X% per year).

In value terms, China ($X) constituted the largest supplier of footwear to Australia, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Indonesia (X% per year).

Import Prices by Country

The average footwear import price stood at $X per pair in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per pair), while the price for Brazil ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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