Australia Textile and Apparel Market

Australia Textile and Apparel Market Overview:

The Australia textile and apparel market size reached USD 27.52 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 44.18 Billion by 2032, exhibiting a growth rate (CAGR) of 5.10% during 2024-2032. The market is driven by the growing focus on sustainability and circular economy, rapid technological advancements, rising popularity of e-commerce and digital transformation, and the increasing disposable income of consumers.

Australia Textile and Apparel Market Trends:

Increasing Focus on Sustainability and Circular Economy

The increasing focus on sustainability is one of the major factors contributing to the Australian textile and apparel market growth. There has been a growing demand among consumers and businesses for textiles that reduce environmental impacts, thereby leading to the adoption of sustainable materials, recycling programs, and eco-friendly production processes. Each year, 108 million non-renewable resources, like oil, fertilizers, chemicals, etc., are used to create apparel. Along with this, approximately 501 million kilograms of textiles and clothes are thrown annually in Australia. This is boosting the shift toward a circular economy, where materials are reused or recycled. Moreover, brands are increasingly adopting practices that minimize waste, use sustainable materials, and reduce their carbon footprint, making sustainability a core market driver.

Rising Popularity of E-Commerce and Digital Transformation

The rise of e-commerce platforms is majorly driving the textile and apparel industry in Australia. As per the Australia Post 2023 eCommerce Industry Report, Australian retail spending in the year 2022 reached US$242 billion, which is an increase of 9.2 percent from 2021. Online shopping has seen substantial growth, driven by convenience, broader product selection, and lower product prices. The share of fashion and apparel e-commerce in the country reached 17.4%, with a year-on-year (YoY) growth of 0.9%. This data has encouraged many companies to enhance their digital presence, utilizing virtual fitting rooms and integrating advanced technologies such as artificial intelligence (AI) for personalized shopping experiences. Along with this, the seamless integration of online and offline retail, as it is critical for brands to provide an omnichannel experience to their customers, is boosting the expansion of the industry in the country.

Rapid Technological Advancements

Advancements in material science, such as the production of sustainable fabrics, are boosting the industry growth. Kusaga Athletic, for example, designed 'The Greenest T-Shirt on the Planet' ECOLITE. It is a futuristic fabric created from biodegradable plant-based fibers that use a fraction of the water required by cotton. Furthermore, the adoption of digital solutions in retail that promote efficiency, quality, and innovation is driving the market expansion. For instance, Australian fashion label JAG has used three-dimensional (3D) design technology, which has reportedly reduced sample costs by 50%. Along with this, the emergence of smart textiles and wearable technologies, which provide consumers with functional apparel that interfaces with their digital life, is expanding the market growth.

Australia Textile and Apparel Market News:

• In July 2023, Nike launched the Nike AU Collection, the first Express Lane capsule collection in Australia. It is a women's collection that features a wide range of hemp and fleece crews, jackets, tracksuit pants, and T-shirts in brown and amber tones, as well as limited-edition versions of the Air Max 90, Air Max 270, and Dunk Low. The collection was inspired by the rugged Australian landscape and reimagines Nike icons with colors and textures drawn from the natural beauty of the country.
• In April 2024, Under Armour (UA) launched a new brand platform, 'Live in UA', for the Australian market. The campaign showcases a wide range of apparel, footwear, and accessories that cater to every aspect of an athlete's journey, including training, recovery, and everyday living.

Australia Textile and Apparel Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on material type and application.

Material Type Insights:

• Natural
  • Cotton
  • Silk
  • Others
• Synthetic
  • Nylon
  • Polyester
  • Others
     

The report has provided a detailed breakup and analysis of the market based on the material type. This includes natural (cotton, silk, and others) and synthetic (nylon, polyester, and others).

Application Insights:

• Clothing Textiles
• Technical Textiles
• Fashion Textiles
• Home-Décor Textiles
• Others
   

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes clothing textiles, technical textiles, fashion textiles, homer-décor textiles, and others.

Regional Insights:

• Australia Capital Territory & New South Wales
• Victoria & Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Australia Textile and Apparel Market Report Coverage:

Key Questions Answered in This Report:

• How has the Australia textile and apparel market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Australia textile and apparel market?
• What is the breakup of the Australia textile and apparel market on the basis of material type?
• What is the breakup of the Australia textile and apparel market on the basis of application?
• What are the various stages in the value chain of the Australia textile and apparel market? 
• What are the key driving factors and challenges in the Australia textile and apparel?
• What is the structure of the Australia textile and apparel market and who are the key players?
• What is the degree of competition in the Australia textile and apparel market?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia textile and apparel market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia textile and apparel market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia textile and apparel industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.