Australia - Men's Or Boys' Clothing (Knitted Or Crocheted) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMen Knitwear Price in Australia - 2023
Contents:
- Men Knitwear Price in Australia (CIF) - 2023
- Men Knitwear Price in Australia (FOB) - 2022
- Men Knitwear Imports in Australia
- Men Knitwear Exports in Australia
Men Knitwear Price in Australia (CIF) - 2023
In July 2023, the average men knitwear import price amounted to $7.5 per unit, approximately equating the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 an increase of 9.1% month-to-month. The import price peaked at $7.9 per unit in January 2023; however, from February 2023 to July 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Vietnam ($13.6 per unit), while the price for India ($4.1 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Pakistan (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Men Knitwear Price in Australia (FOB) - 2022
The average men knitwear export price stood at $24 per unit in 2022, falling by -12.3% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 41%. The export price peaked at $30 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($46 per unit), while the average price for exports to Venezuela ($4.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.
Men Knitwear Imports in Australia
For the fourth year in a row, Australia recorded growth in purchases abroad of men's or boys' clothing (knitted or crocheted), which increased by 1.4% to 37M units in 2022. The total import volume increased at an average annual rate of +12.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 23% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, men knitwear imports reached $263M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +16.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.2% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 40%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Men Knitwear in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 95.5 | 102 | 143 | 153 | 17.0% |
| Bangladesh | 24.1 | 25.6 | 29.6 | 33.4 | 11.5% |
| Vietnam | 9.2 | 10.2 | 12.8 | 17.5 | 23.9% |
| Indonesia | 5.1 | 3.8 | 7.8 | 12.0 | 33.0% |
| Cambodia | 8.8 | 7.5 | 9.8 | 11.6 | 9.6% |
| Pakistan | 2.7 | 2.4 | 3.8 | 4.8 | 21.1% |
| India | 2.3 | 2.4 | 5.3 | 4.4 | 24.1% |
| Others | 17.2 | 15.7 | 25.8 | 26.6 | 15.6% |
| Total | 165 | 170 | 238 | 263 | 16.8% |
Top Suppliers of Men Knitwear to Australia in 2022:
- China (21.7M units)
- Bangladesh (7.6M units)
- Indonesia (2.0M units)
- Vietnam (1.8M units)
- Cambodia (1.2M units)
- Pakistan (0.6M units)
- India (0.6M units)
Men Knitwear Exports in Australia
After two years of decline, overseas shipments of men's or boys' clothing (knitted or crocheted) increased by 92% to 331K units in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +5.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, men knitwear exports surged to $8.1M in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Men Knitwear in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 2,209 | 2,404 | 1,811 | 4,216 | 24.0% |
| United States | 151 | 135 | 236 | 463 | 45.3% |
| Papua New Guinea | 757 | 365 | 211 | 390 | -19.8% |
| United Kingdom | 224 | 147 | 231 | 341 | 15.0% |
| Netherlands | 9.8 | 32.2 | 54.7 | 288 | 208.6% |
| Japan | 138 | 48.5 | 156 | 178 | 8.9% |
| Fiji | 31.2 | 20.3 | 14.0 | 51.3 | 18.0% |
| New Caledonia | 155 | 113 | 44.7 | 32.5 | -40.6% |
| Venezuela | N/A | N/A | N/A | 22.1 | 0% |
| Others | 1,779 | 1,752 | 2,029 | 2,070 | 5.2% |
| Total | 5,454 | 5,016 | 4,788 | 8,053 | 13.9% |
Top Export Markets for Men Knitwear from Australia in 2022:
- New Zealand (180.0K units)
- United States (46.0K units)
- United Kingdom (18.3K units)
- Papua New Guinea (9.5K units)
- Fiji (7.0K units)
- Netherlands (6.2K units)
- Japan (6.1K units)
- Venezuela (5.0K units)
- New Caledonia (2.2K units)
This report provides an in-depth analysis of the men knitwear market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 14131110 - Men
- Prodcom 14131120 - Men
- Prodcom 14131230 - Men
- Prodcom 14131260 - Men
- Prodcom 14131270 - Men
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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