New Zealand: Knitted Fabric Market 2024

Knitted Fabric Market Size in New Zealand

In 2021, the New Zealand knitted fabric market increased by 23% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, the total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Knitted Fabric Production in New Zealand

In value terms, knitted fabric production rose to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by 56%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Knitted Fabric Exports

Exports from New Zealand

After five years of decline, shipments abroad of knitted or crocheted fabrics increased by 43% to X tons in 2021. In general, exports, however, continue to indicate a dramatic downturn. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, knitted fabric exports soared to $X in 2021. Over the period under review, exports, however, showed a dramatic slump. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Australia (X tons), Samoa (X tons) and the United States (X tons) were the main destinations of knitted fabric exports from New Zealand, with a combined 61% share of total exports. Canada, Vanuatu, New Caledonia, South Africa, Cook Islands, Fiji, Switzerland, American Samoa and Germany lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +44.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for knitted fabric exported from New Zealand were Australia ($X), Samoa ($X) and the United States ($X), with a combined 55% share of total exports. Canada, Switzerland, Vanuatu, Germany, Fiji, New Caledonia, Cook Islands, American Samoa and South Africa lagged somewhat behind, together accounting for a further 28%.

In terms of the main countries of destination, Switzerland, with a CAGR of +40.4%, 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 2021, the average knitted fabric export price amounted to $X per ton, rising by 24% against the previous year. In general, the export price, however, showed a abrupt descent. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to South Africa ($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 American Samoa (+19.3%), while the prices for the other major destinations experienced mixed trend patterns.

Knitted Fabric Imports

Imports into New Zealand

In 2021, the amount of knitted or crocheted fabrics imported into New Zealand soared to X tons, increasing by 41% on 2020 figures. Over the period under review, total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +75.4% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, knitted fabric imports skyrocketed to $X in 2021. In general, total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

South Korea (X tons), China (X tons) and Australia (X tons) were the main suppliers of knitted fabric imports to New Zealand, with a combined 48% share of total imports. Israel, Indonesia, Portugal, Italy, Pakistan, Greece, Germany, Vietnam, Hungary and Thailand lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +117.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest knitted fabric suppliers to New Zealand were South Korea ($X), China ($X) and Australia ($X), with a combined 50% share of total imports. These countries were followed by Vietnam, Israel, Indonesia, Greece, Portugal, Italy, Pakistan, Germany, Hungary and Thailand, which together accounted for a further 40%.

Vietnam, with a CAGR of +119.2%, saw the highest rates of growth with regard to 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

In 2021, the average knitted fabric import price amounted to $X per ton, surging by 5.6% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 23% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a 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 Vietnam ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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