Australia - Yarn Of Synthetic Or Artificial Staple Fibers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAustralia Sees Significant Drop in Synthetic Yarn Imports, Slipping to $14M in 2023
Australia Synthetic Yarn Imports
In 2023, imports of yarn of synthetic or artificial staple fibers into Australia fell rapidly to 2.2K tons, shrinking by -26.3% compared with the previous year. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 37% against the previous year. Over the period under review, imports hit record highs at 3.9K tons in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.
In value terms, synthetic yarn imports reduced remarkably to $14M (IndexBox estimates) in 2023. Over the period under review, imports continue to indicate a mild curtailment. The growth pace was the most rapid in 2018 with an increase of 42% against the previous year. Imports peaked at $23M in 2022, and then dropped remarkably in the following year.
| COUNTRY | Import Value of Synthetic Yarn in Australia (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| India | 3.1 | 3.1 | 3.3 | 2.6 | 2.4 | 3.2 | 2.8 | 4.3 | 4.5 | 5.0 | 5.6 |
| China | 4.0 | 4.5 | 4.1 | 3.7 | 3.7 | 5.3 | 4.8 | 6.7 | 6.2 | 5.7 | 4.1 |
| Germany | 1.5 | 1.8 | 1.4 | 1.4 | 1.6 | 1.9 | 2.1 | 1.6 | 4.0 | 5.7 | 1.7 |
| Indonesia | 2.8 | 2.8 | 2.2 | 2.1 | 1.6 | 1.2 | 1.6 | 1.1 | 2.4 | 2.3 | 1.2 |
| Turkey | 1.1 | 1.4 | 0.7 | 0.7 | 0.8 | 2.3 | 1.5 | 3.5 | 2.3 | 2.9 | 0.7 |
| Italy | 0.6 | 0.9 | 0.3 | 0.4 | 0.8 | 1.2 | 0.3 | 0.5 | 0.1 | 0.1 | N/A |
| United States | 0.6 | 0.7 | 0.9 | 1.2 | 1.8 | 3.1 | 1.1 | 0.6 | 0.2 | 0.1 | N/A |
| Others | 3.3 | 2.4 | 1.8 | 2.3 | 1.8 | 2.6 | 1.3 | 1.6 | 2.2 | 1.5 | 0.7 |
| Total | 17.0 | 17.6 | 14.7 | 14.4 | 14.6 | 20.7 | 15.5 | 20.0 | 22.0 | 23.3 | 14.0 |
Imports by Country
India (932 tons), China (709 tons) and Indonesia (369 tons) were the main suppliers of synthetic yarn imports to Australia, with a combined 91% share of total imports.
From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +2.4%), while imports for the other leaders experienced a decline.
In value terms, India ($5.6M), China ($4.1M) and Germany ($1.7M) appeared to be the largest synthetic yarn suppliers to Australia, together accounting for 82% of total imports.
India, with a CAGR of +6.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Imports by Type
Yarn (not sewing thread), of man-made staple fibres, put up for retail sale (1.2K tons), yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale (906 tons) and yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale (136 tons) were the main products of synthetic yarn imports to Australia, with a combined 99.9% share of total imports.
From 2013 to 2023, the biggest increases were recorded for yarn (not sewing thread), of man-made staple fibres, put up for retail sale (with a CAGR of +2.6%), while purchases for the other products experienced a decline.
In value terms, yarn of synthetic or artificial staple fibers with the largest imports in Australia were yarn (not sewing thread), of man-made staple fibres, put up for retail sale ($7.9M), yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale ($4.8M) and yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale ($1.2M).
Import Prices by Country
In 2023, the synthetic yarn price amounted to $6,313 per ton (CIF, Australia), shrinking by -18.7% against the previous year. In general, import price indicated tangible growth from 2013 to 2023: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, synthetic yarn import price increased by +14.9% against 2020 indices. The growth pace was the most rapid in 2017 when the average import price increased by 45% against the previous year. The import price peaked at $7,770 per ton in 2022, and then dropped significantly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($38,565 per ton), while the price for Vietnam ($3,077 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the synthetic yarn market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 13108210 - Yarn (other than sewing thread) containing . .85 % by weight of synthetic staple fibres, n.p.r.s.
- Prodcom 13108250 - Yarn (other than sewing thread) containing . .85 % by weight of synthetic staple fibres, p.r.s.
- Prodcom 13108320 - Yarn containing < .85 % by weight of polyester staple fibres (other than sewing thread), mixed with artificial fibres, n.p.r.s.
- Prodcom 13108340 - Yarn containing < .85 % by weight of synthetic staple fibres (other than sewing thread), mixed with cotton, n.p.r.s.
- Prodcom 13108380 - Other yarns, containing < .85 % by weight of synthetic staple fibres (other than sewing thread), n.p.r.s., n.e.c.
- Prodcom 13108390 - Yarn containing < .85 % by weight of synthetic staple fibres (other than sewing thread), p.r.s.
- Prodcom 131083Z0 - Yarn of synthetic staple fibres mixed with wool, n.p.r.s
- Prodcom 13108410 - Yarn (other than sewing thread) of artificial staple fibres, n .p.r.s.
- Prodcom 13108430 - Yarn (other than sewing thread) of artificial staple fibres, p.r.s.
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
