Australia

In 2023, the Australian fashion industry has faced a complex landscape, characterised by economic challenges, including a cost-of-living crisis and high inflation. These factors prompted consumers to curtail non-essential spending. As a result,…

Lab-grown diamonds have witnessed a remarkable surge in popularity in the Australian market, and their appeal has continued to grow in 2023. One of the primary factors driving this trend is the increasing competitiveness of lab-grown diamonds in…

Inflation and supply chain issues have impacted categories across the soft drinks industry post-pandemic. The scarcity and soaring costs of primary and secondary packaging materials, such as glass, recycled plastic, and aluminium, have also impacted…

Ongoing shortages of raw materials and labour, coupled with rising inflation, resulted in delays for major infrastructure projects and first home builds during the review period. The impact on the housing market has been evident, and with interest…

Laundry care experienced growth in both retail volume and current value terms in Australia in 2023. Higher demand was driven by increased net immigration, and greater mobility outside of the home. Most companies have supported their employees to…

The growing cost of living has been a major discussion point across all industries in Australia, as consumer spending has been significantly impacted due to constraints on discretionary income. As a result, limited-service restaurants struggled to…

Lodging in Australia is undergoing a significant transformation, driven primarily by changes in short-term rentals. There has been a notable decrease in listings on short-term rental platforms, and these changes are increasingly evident due to…

Retail value sales of luxury goods in Australia increased by 5% in 2023 in current terms, amounting to AUD24.3 billion. The post-lockdown period saw a prevailing emphasis on recovery and a resurgence of customary consumer habits, encompassing…