The Homeware and Giftware sectors in Australia today are well positioned to offer a wide range of exciting opportunities for the exporters in Britain. Australia’s Homeware and Giftware sectors are valued very highly with an actual amount of AU$6.4 billion. These sectors comprise of a dynamic and diverse range of goods and products. A study on the recent years shows that Australians have developed a strong of appetite for international designs and brands. This has been attributed to the frequency of travel by Australians, rise of online retailing and most importantly the strong Australian dollar.
The Giftware and Homeware Sectors of Australia are expected to experience steady rise in the next three years up until 2017-2018. These two sectors are majorly influenced by various trends in cultures found all across the globe. Due to their exposure, the Australian Homeware and Giftware industries provide numerous services in a wide range of segments. In recent years, the country has witnessed the expansion of various major international bands demonstrating the extent of the Australian appetite for overseas products and brands. Australians are also largely changing the manner in which they shop. The traditional brick and mortar retailing is increasingly facing tough competition from the growing popularity of omni-channel and online retailing.
The Giftware and Homeware sectors are characterized by numerous key opportunities. For instance , the ever-changing Giftware market is extremely diverse involving a wide range of products and goods Currently, this market is valued at about AU$5 billion. However, in the near future this amount is expected to drastically rise as a result of relaxed consumer spending and the strong Australian dollar. The gift ware online Australian market is quite competitive with consumers always in search of new ideas, product design.
On the other hand, the Homeware retailing industry has been majorly influenced by the change in new dwelling commencements and alterations to the existing dwellings. The Australian Homeware sector is smaller in size as compared to the Giftware Sector. This sector has a current value of AU$1.5 billion. However, in between 2017-2018, this figure is expected to gradually rise to about AU$1.71 billion. The Homeware market is also a victim of trends in niche and new product that are more affordable to the consumers.
The Greeting Card industry in Australia has a significant contribution to the country’s retailing environment. Australia is the 3rd largest market for greeting card in the world. Statistics show that on average, Australians buy thirty greeting cards per person yearly. Currently, the Australian greeting card Industry is valued at about AU$500 million.
Today, many people love to purchase goods online because of 3 main reasons-convenience, lower prices and a wide range of products to choose from when compared to those available in traditional retailing. With the added help from exclusion in taxes of imported products with a value that is below AU$1000 and the strong Australian dollar, it is expected that more Australians will be making their purchases online.