Australia: Footwear Treatments Market 2024

Footwear Treatments Market Size in Australia

The Australian footwear treatments market expanded sharply to $X in 2022, surging by 12% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +10.2% against 2019 indices. Footwear treatments consumption peaked in 2022 and is expected to retain growth in the near future.

Footwear Treatments Exports

Exports from Australia

In 2022, overseas shipments of polishes and creams for footwear or leather decreased by -18.8% to X tons, falling for the second consecutive year after two years of growth. In general, exports saw a perceptible descent. The pace of growth appeared the most rapid in 2017 with an increase of 174% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, footwear treatments exports rose significantly to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 109%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

New Zealand (X tons) was the main destination for footwear treatments exports from Australia, accounting for a 65% share of total exports. Moreover, footwear treatments exports to New Zealand exceeded the volume sent to the second major destination, Israel (X tons), sixfold. China (X tons) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand totaled -6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+535.7% per year) and China (-20.3% per year).

In value terms, New Zealand ($X), Israel ($X) and the UK ($X) were the largest markets for footwear treatments exported from Australia worldwide, with a combined 81% share of total exports.

Among the main countries of destination, Israel, with a CAGR of +351.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average footwear treatments export price amounted to $X per ton, jumping by 36% against the previous year. In general, the export price enjoyed pronounced growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 82% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.

Footwear Treatments Imports

Imports into Australia

In 2022, approx. X tons of polishes and creams for footwear or leather were imported into Australia; approximately equating 2021 figures. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 32% against the previous year. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, footwear treatments imports rose remarkably to $X in 2022. In general, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +8.1% against 2019 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 25%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of footwear treatments to Australia, with a 38% share of total imports. Moreover, footwear treatments imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Turkey (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.5% per year) and Turkey (+23.1% per year).

In value terms, the largest footwear treatments suppliers to Australia were China ($X), the United States ($X) and the UK ($X), together comprising 60% of total imports. Turkey, Indonesia, Italy, Malaysia and Germany lagged somewhat behind, together comprising a further 27%.

Turkey, with a CAGR of +27.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average footwear treatments import price stood at $X per ton in 2022, surging by 7.8% against the previous year. In general, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, footwear treatments import price increased by +8.3% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of 27% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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