Australia: Knitted Fabric Market 2025

Knitted Fabric Market Size in Australia

The Australian knitted fabric market was estimated at $X in 2021, increasing by 9.9% 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 somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the near future.

Knitted Fabric Production in Australia

In value terms, knitted fabric production expanded markedly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 22% against the previous year. Knitted fabric production peaked in 2021 and is expected to retain growth in the near future.

Knitted Fabric Exports

Exports from Australia

Knitted fabric exports from Australia contracted significantly to X tons in 2021, with a decrease of -23.7% compared with 2020 figures. Overall, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2020 with an increase of 17%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, knitted fabric exports dropped markedly to $X in 2021. Over the period under review, exports saw a deep reduction. The growth pace was the most rapid in 2020 with an increase of 29% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

New Zealand (X tons), the United States (X tons) and China (X tons) were the main destinations of knitted fabric exports from Australia, together comprising 74% of total exports. These countries were followed by India, Fiji, Indonesia, Vietnam, Hong Kong SAR, Thailand and the United Arab Emirates, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +12.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), New Zealand ($X) and Vietnam ($X) appeared to be the largest markets for knitted fabric exported from Australia worldwide, with a combined 64% share of total exports. These countries were followed by Fiji, Indonesia, India, China, Hong Kong SAR, Thailand and the United Arab Emirates, which together accounted for a further 20%.

India, with a CAGR of +21.6%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average knitted fabric export price stood at $X per ton in 2021, growing by 3.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2019 when the average export price increased by 30% against the previous year. The export price peaked in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Knitted Fabric Imports

Imports into Australia

Knitted fabric imports into Australia dropped slightly to X tons in 2021, declining by -4% against the year before. The total import volume increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 16% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, knitted fabric imports expanded sharply to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 14% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of knitted fabric to Australia, with a 40% share of total imports. Moreover, knitted fabric imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. Israel (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-2.9% per year) and Israel (+18.0% per year).

In value terms, China ($X) constituted the largest supplier of knitted or crocheted fabrics to Australia, comprising 38% of total imports. The second position in the ranking was taken by South Korea ($X), with an 11% share of total imports. It was followed by Israel, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-5.1% per year) and Israel (+21.2% per year).

Import Prices by Country

In 2021, the average knitted fabric import price amounted to $X per ton, rising by 16% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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