Australia and Oceania: Festive Articles Market 2024

Festive Articles Exports

Exports in Australia and Oceania

Festive articles exports dropped significantly to X tons in 2022, with a decrease of -42.2% on 2021. Overall, exports, however, saw notable growth. The pace of growth appeared the most rapid in 2017 with an increase of 95%. The volume of export peaked at X tons in 2021, and then reduced remarkably in the following year.

In value terms, festive articles exports fell significantly to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by 35%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Australia represented the key exporting country with an export of about X tons, which amounted to 71% of total exports. It was distantly followed by New Zealand (X tons), comprising a 29% share of total exports.

Australia experienced a relatively flat trend pattern with regard to volume of exports of festive or carnival articles. At the same time, New Zealand (+11.9%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +11.9% from 2012-2022. While the share of New Zealand (+17 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (-15.7 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest festive articles supplier in Australia and Oceania, comprising 71% of total exports. The second position in the ranking was held by New Zealand ($X), with a 29% share of total exports.

In Australia, festive articles exports decreased by an average annual rate of -1.3% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, surging by 25% against the previous year. Overall, the export price, however, continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2015 when the export price increased by 89%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (-2.1%).

Festive Articles Imports

Imports in Australia and Oceania

In 2022, purchases abroad of festive or carnival articles increased by 20% to X tons, rising for the second consecutive year after six years of decline. Total imports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.1% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 43%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, festive articles imports surged to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +91.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 49% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Australia was the main importing country with an import of around X tons, which amounted to 79% of total imports. It was distantly followed by New Zealand (X tons), achieving a 14% share of total imports. Fiji (X tons) followed a long way behind the leaders.

Australia experienced a relatively flat trend pattern with regard to volume of imports of festive or carnival articles. At the same time, New Zealand (+8.7%) and Fiji (+8.4%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +8.7% from 2012-2022. From 2012 to 2022, the share of New Zealand increased by +7.1 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported festive or carnival articles in Australia and Oceania, comprising 81% of total imports. The second position in the ranking was held by New Zealand ($X), with a 14% share of total imports.

In Australia, festive articles imports expanded at an average annual rate of +6.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (+6.2% per year) and Fiji (+11.6% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, rising by 6.6% against the previous year. Import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, festive articles import price increased by +77.2% against 2016 indices. The most prominent rate of growth was recorded in 2019 when the import price increased by 17%. Over the period under review, import prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, 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 (+6.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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