Australia and Oceania: Market for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) 2024

Market Size for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Australia and Oceania

The bedding and furnishing article market in Australia and Oceania shrank to $X in 2022, dropping by -9.3% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Australia and Oceania

In value terms, bedding and furnishing article production totaled $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 31%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Exports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Exports in Australia and Oceania

In 2022, the amount of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) exported in Australia and Oceania declined notably to X tons, waning by -41.4% compared with 2021 figures. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 55%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, bedding and furnishing article exports declined notably to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 39%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X tons) and Australia (X tons) prevails in exports structure, together constituting 93% of total exports. It was distantly followed by Fiji (X tons), committing a 6.9% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Fiji (with a CAGR of +22.4%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest bedding and furnishing article supplying countries in Australia and Oceania were New Zealand ($X), Australia ($X) and Fiji ($X), with a combined 100% share of total exports.

Fiji, with a CAGR of +20.4%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, picking up by 11% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 28% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+0.5%), while the other leaders experienced a decline in the export price figures.

Imports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Imports in Australia and Oceania

In 2022, after three years of growth, there was significant decline in overseas purchases of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows), when their volume decreased by -18.9% to X tons. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 9% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then declined notably in the following year.

In value terms, bedding and furnishing article imports reduced notably to $X in 2022. Total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. As a result, imports attained the peak of $X, and then dropped significantly in the following year.

Imports by Country

Australia represented the largest importer of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) in Australia and Oceania, with the volume of imports reaching X tons, which was near 84% of total imports in 2022. It was distantly followed by New Zealand (X tons), making up a 13% share of total imports.

Australia experienced a relatively flat trend pattern with regard to volume of imports of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows). At the same time, New Zealand (+1.0%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +1.0% from 2012-2022. While the share of Australia (-2 p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) in Australia and Oceania, comprising 84% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to +4.1%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bedding and furnishing article import price increased by +7.0% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by 23% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2021, and then contracted in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+4.1%).

Source: IndexBox Platform