Australia and Oceania: Market for High-Tenacity Filament Yarn Of Polyesters 2024

Market Size for High-Tenacity Filament Yarn Of Polyesters in Australia and Oceania

In 2021, the high-tenacity filament polyester yarn market in Australia and Oceania increased by 5.8% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption saw a noticeable slump. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of High-Tenacity Filament Yarn Of Polyesters in Australia and Oceania

In value terms, high-tenacity filament polyester yarn production rose significantly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable curtailment. The pace of growth was the most pronounced in 2018 with an increase of 17%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports in Australia and Oceania

In 2021, overseas shipments of high-tenacity filament yarn of polyesters decreased by -0.8% to X tons, falling for the third consecutive year after two years of growth. Overall, exports, however, recorded a noticeable increase. The most prominent rate of growth was recorded in 2013 when exports increased by 144%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, high-tenacity filament polyester yarn exports soared to $X in 2021. Over the period under review, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2018 when exports increased by 129%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand dominates exports structure, accounting for X tons, which was approx. 98% of total exports in 2021. Australia (X kg) followed a long way behind the leaders.

New Zealand was also the fastest-growing in terms of the high-tenacity filament yarn of polyesters exports, with a CAGR of +21.3% from 2012 to 2021. Australia (-32.5%) illustrated a downward trend over the same period. New Zealand (+76 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -75.5% from 2012 to 2021, respectively.

In value terms, New Zealand ($X) remains the largest high-tenacity filament polyester yarn supplier in Australia and Oceania, comprising 99% of total exports. The second position in the ranking was held by Australia ($X), with a 1% share of total exports.

From 2012 to 2021, the average annual growth rate of value in New Zealand stood at +21.6%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, increasing by 20% against the previous year. In general, the export price continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2020 when the export price increased by 25%. Over the period under review, the export prices reached the maximum in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+2.6%).

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports in Australia and Oceania

In 2021, the amount of high-tenacity filament yarn of polyesters imported in Australia and Oceania fell to X tons, which is down by -11.9% on 2020 figures. Overall, imports showed a noticeable reduction. The most prominent rate of growth was recorded in 2017 when imports increased by 65% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, high-tenacity filament polyester yarn imports rose remarkably to $X in 2021. Over the period under review, imports continue to indicate a mild slump. The most prominent rate of growth was recorded in 2017 when imports increased by 49% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Australia prevails in imports structure, recording X tons, which was near 92% of total imports in 2021. It was distantly followed by New Zealand (X tons), committing a 7.2% share of total imports.

Imports into Australia decreased at an average annual rate of -2.3% from 2012 to 2021. New Zealand experienced a relatively flat trend pattern. From 2012 to 2021, the share of New Zealand increased by +1.7 percentage points.

In value terms, Australia ($X) constitutes the largest market for imported high-tenacity filament yarn of polyesters in Australia and Oceania, comprising 92% of total imports. The second position in the ranking was held by New Zealand ($X), with an 8.2% share of total imports.

In Australia, high-tenacity filament polyester yarn imports plunged by an average annual rate of -2.0% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, rising by 25% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+0.3%).

Source: IndexBox Platform

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