Since 2013, Australia's import of textile wall coverings has demonstrated considerable growth. As of 2023, the volume stood at 417.08 thousand kilograms. The year-on-year increase over the last two years was 4.98% in 2022 and 4.65% in 2023, indicating a steady growth trajectory. The Compound Annual Growth Rate (CAGR) for the past five years has been 5.41%, showing a moderate annual increase in imports.
Forecasted data from 2024 to 2028 suggest a continued upward trend, with an expected CAGR of 3.28% over the next five years, indicating a somewhat slower but consistent growth rate. By 2028, the volume is projected to reach 513.95 thousand kilograms, rising by 17.49% from 2023.
Future trends to watch for include:
• Potential impact of global supply chain disruptions.
• Influence of trade policies and tariffs.
• Changing consumer preferences and design trends impacting demand.
• Adoption of sustainable materials and eco-friendly practices in textile manufacturing.
