New Zealand: Cotton Embroidery Market 2024

Cotton Embroidery Market Size in New Zealand

The New Zealand cotton embroidery market stood at $X in 2022, growing by 5.4% against the previous year. Overall, consumption, however, showed a abrupt downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Cotton Embroidery Production in New Zealand

In value terms, cotton embroidery production expanded modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2017 when the production volume increased by 59%. Cotton embroidery production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Cotton Embroidery Exports

Exports from New Zealand

In 2022, shipments abroad of cotton embroidery in the piece increased by 26% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 1,245%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, cotton embroidery exports surged to $X in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 884%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

New Caledonia (X tons) was the main destination for cotton embroidery exports from New Zealand, with a 53% share of total exports. Moreover, cotton embroidery exports to New Caledonia exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was taken by French Polynesia (X kg), with a 17% share.

From 2012 to 2022, the average annual growth rate of volume to New Caledonia amounted to +57.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+45.1% per year) and French Polynesia (+6.5% per year).

In value terms, New Caledonia ($X) remains the key foreign market for cotton embroidery in the piece exports from New Zealand, comprising 61% of total exports. The second position in the ranking was held by the United States ($X), with a 19% share of total exports. It was followed by French Polynesia, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to New Caledonia stood at +48.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+38.3% per year) and French Polynesia (+8.3% per year).

Export Prices by Country

The average cotton embroidery export price stood at $X per ton in 2022, surging by 4.1% against the previous year. Over the period under review, the export price, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2018 an increase of 52%. As a result, the export price reached the peak level of $X per ton. From 2019 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 New Caledonia ($X per ton), while the average price for exports to Australia ($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 French Polynesia (+1.7%), while the prices for the other major destinations experienced a decline.

Cotton Embroidery Imports

Imports into New Zealand

In 2022, supplies from abroad of cotton embroidery in the piece increased by 88% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 186% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, cotton embroidery imports soared to $X in 2022. In general, imports, however, continue to indicate a abrupt contraction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest cotton embroidery supplier to New Zealand, accounting for a 61% share of total imports. Moreover, cotton embroidery imports from India exceeded the figures recorded by the second-largest supplier, China (X kg), twofold. South Korea (X kg) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume from India stood at +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.8% per year) and South Korea (-18.7% per year).

In value terms, India ($X) constituted the largest supplier of cotton embroidery in the piece to New Zealand, comprising 61% of total imports. The second position in the ranking was taken by China ($X), with a 30% share of total imports. It was followed by South Korea, with a 2.6% share.

From 2012 to 2022, the average annual growth rate of value from India was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.8% per year) and South Korea (-21.6% per year).

Import Prices by Country

The average cotton embroidery import price stood at $X per ton in 2022, dropping by -1.5% against the previous year. Overall, the import price saw a abrupt downturn. The most prominent rate of growth was recorded in 2015 when the average import price increased by 0.9% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($X per ton) and South Korea ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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