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The Australian textile and apparel market is expected to "light up"
Release date: [13:48:28]  Read total [282] times

Since last year, under the background of a significant decline in demand for textiles and clothing in Europe and the United States, Australia, as a representative of emerging markets, has become a bright spot in the export of China's textile and clothing market. According to the statistics of the General Administration of Customs, in 2022, China's textile and apparel exports to Australia were 7.8 billion US dollars, an increase of 14.45%. From January to May this year, China's textile and apparel exports to Australia were 3.239 billion US dollars, an increase of 5.77%. In addition, in the first quarter of this year, the retail sales of Australian apparel and footwear stores accumulated 8.88 billion Australian dollars, an increase of 8.8%.


Australia is a member of RCEP, and China's textile and apparel exports to Australia already enjoy zero tariffs. The stable and reciprocal economic and trade relations and the increase of trade convenience make the Australian market with its unique advantages, attracting more and more Chinese textile export enterprises to find development space.


At the 2023 Australia China Textile and Apparel Exhibition held in July, the reporter of China Textile News learned that the reduction in orders caused by weak consumption in the European and American markets has allowed China's foreign trade enterprises to actively go to sea and open up emerging markets by participating in overseas exhibitions to win new customers and new orders. At the same time, the Australian market has a higher affordability of products, compared with the European and American markets, the market features of "small and fine" are prominent, exhibitors generally reflect that although the country's orders are small batches, but the profit margin is generally better than the European and American orders, coupled with its domestic lack of textile and apparel manufacturers, related products mainly rely on imports, With many favorable factors such as an open attitude to China's textile and apparel imports, Australia has gradually become a "potential stock" in China's foreign trade enterprises to explore emerging markets.


After finding out the characteristics of the Australian consumer environment and market, China's foreign trade enterprises are also quite confident about the deep cultivation of this "fertile soil" in Australia.


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