New Zealand: Footwear Market 2024

Footwear Market Size in New Zealand

In 2022, the New Zealand footwear market increased by X% to $X, rising for the second year in a row after two years of decline. The market 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. Footwear consumption peaked in 2022 and is likely to see steady growth in the near future.

Footwear Exports

Exports from New Zealand

In 2022, overseas shipments of footwear increased by X% to X pairs, rising for the second consecutive year after five years of decline. In general, exports, however, faced a abrupt contraction. Over the period under review, the exports reached the peak figure at X pairs in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, footwear exports soared to $X in 2022. Overall, exports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X pairs) was the main destination for footwear exports from New Zealand, with a X% share of total exports. Moreover, footwear exports to Australia exceeded the volume sent to the second major destination, Cook Islands (X pairs), tenfold. The third position in this ranking was taken by Fiji (X pairs), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Australia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cook Islands (X% per year) and Fiji (X% per year).

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

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

Export Prices by Country

The average footwear export price stood at $X per pair in 2022, almost unchanged from the previous year. Overall, export price indicated prominent growth from 2012 to 2022: its price 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. Based on 2022 figures, footwear export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per pair), while the average price for exports to Cook Islands ($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 Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

Footwear Imports

Imports into New Zealand

In 2022, imports of footwear into New Zealand reduced modestly to X pairs, almost unchanged from the previous year. Overall, imports recorded a slight downturn. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at X pairs in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, footwear imports expanded significantly 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 was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X pairs) constituted the largest footwear supplier to New Zealand, accounting for a X% share of total imports. Moreover, footwear imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X pairs), fivefold. Indonesia (X pairs) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to 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 ($X) constituted the largest supplier of footwear to New Zealand, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($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 totaled X%. 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

In 2022, the average footwear import price amounted to $X per pair, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 ($X per pair), while the price for China ($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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