New Zealand: Market for Footwear with Uppers of Textile Materials 2024

Market Size for Footwear with Uppers of Textile Materials in New Zealand

The New Zealand market for footwear with uppers of textile materials expanded sharply to $X in 2022, picking up by 9.2% 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). The market value increased at an average annual rate of +4.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Footwear with Uppers of Textile Materials

Exports from New Zealand

In 2022, overseas shipments of footwear with uppers of textile materials increased by 18% to X pairs, rising for the second year in a row after two years of decline. Overall, exports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 36%. The exports peaked at X pairs in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of footwear with uppers of textile materials skyrocketed to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 137% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X pairs) was the main destination for exports of footwear with uppers of textile materials from New Zealand, with a 42% share of total exports. Moreover, exports of footwear with uppers of textile materials to Australia exceeded the volume sent to the second major destination, French Polynesia (X pairs), threefold. The third position in this ranking was held by Fiji (X pairs), with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia totaled -19.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: French Polynesia (+54.2% per year) and Fiji (+21.9% per year).

In value terms, the largest markets for footwear with uppers of textile materials exported from New Zealand were Australia ($X), Singapore ($X) and Malaysia ($X), together comprising 65% of total exports.

Malaysia, with a CAGR of +106.9%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for footwear with uppers of textile materials stood at $X per pair in 2022, growing by 7.6% against the previous year. Over the period under review, the export price continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2018 an increase of 83% against the previous year. The export price peaked at $X per pair in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per pair), while the average price for exports to Taiwan (Chinese) ($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 (+22.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Footwear with Uppers of Textile Materials

Imports into New Zealand

In 2022, imports of footwear with uppers of textile materials into New Zealand fell modestly to X pairs, waning by -2.3% compared with the previous year. Overall, imports recorded a perceptible decrease. The pace of growth was the most pronounced in 2021 when imports increased by 14%. Over the period under review, imports of hit record highs at X pairs in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, imports of footwear with uppers of textile materials expanded markedly to $X in 2022. In general, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 +61.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 46% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X pairs) constituted the largest supplier of footwear with uppers of textile materials to New Zealand, accounting for a 72% share of total imports. Moreover, imports of footwear with uppers of textile materials from China exceeded the figures recorded by the second-largest supplier, Vietnam (X pairs), fourfold. Indonesia (X pairs) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+15.9% per year) and Indonesia (+3.6% per year).

In value terms, the largest footwear with uppers of textile materials suppliers to New Zealand were China ($X), Vietnam ($X) and Indonesia ($X), together accounting for 85% of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +22.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for footwear with uppers of textile materials stood at $X per pair in 2022, increasing by 14% against the previous year. In general, the import price posted a buoyant increase. The most prominent rate of growth was recorded in 2021 an increase of 28% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

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 Indonesia ($X per pair), while the price for Mexico ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :