The market is dominated by foreign suppliers, as imports account for 86.0% of total market size in 2021. Households drive market demand, with household spending representing 94.1% of total demand in 2021. Australia has the 10th largest market size for knitted and crocheted articles across the top 20 developed countries, with demand reaching USD2.9 billion in 2021. The total number of companies increases in 2021, to 94 units. The costs of the industry increase by 23.1% in 2021, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 8.1% of production value in 2021, the 12th highest across the top 20 developed countries. With production value of USD24.1 million, Australia accounts for 19.2% of the Australasia total in 2021.
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This Euromonitor industrial report provides unique information on Knitted and Crocheted Articles in Australia: ISIC 173. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Knitted and Crocheted Articles in Australia: ISIC 173 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of cordage, rope, twine and netting, finishing of textiles, made-up textile articles, spinning of textile fibers; weaving of textiles, tanning and dressing of leather, and technical textiles, labels, badges and other textile products.See All of Our Definitions
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