Australia and Oceania: Market for Nets of Twine, Cordage, Rope or Textile Materials 2022

Market Size for Nets of Twine, Cordage, Rope or Textile Materials in Australia and Oceania

The market for nets of twine, cordage, rope or textile materials in Australia and Oceania was estimated at $X in 2021, rising by 11% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +14.6% against 2019 indices. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Production of Nets of Twine, Cordage, Rope or Textile Materials in Australia and Oceania

In value terms, twine, cordage or textile net production totaled $X in 2021 estimated in export price. In general, production, however, recorded a mild slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by 116% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Nets of Twine, Cordage, Rope or Textile Materials

Exports in Australia and Oceania

In 2021, shipments abroad of nets of twine, cordage, rope or textile materials was finally on the rise to reach X tons after four years of decline. Over the period under review, exports, however, continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2013 with an increase of 80% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, twine, cordage or textile net exports surged to $X in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Micronesia (X tons), Australia (X tons) and New Zealand (X tons), together reaching 97% of total export. Marshall Islands (X tons) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Marshall Islands (with a CAGR of +3.3%), while the other leaders experienced a decline in the exports figures.

In value terms, Australia ($X), New Zealand ($X) and Micronesia ($X) were the countries with the highest levels of exports in 2021, together accounting for 95% of total exports. These countries were followed by Marshall Islands, which accounted for a further 2.5%.

Marshall Islands, with a CAGR of +13.9%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2021, the export price in Australia and Oceania amounted to $X per ton, increasing by 4.6% against the previous year. Export price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, twine, cordage or textile net export price increased by +4.2% against 2015 indices. The growth pace was the most rapid in 2015 when the export price increased by 88% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Marshall Islands (+10.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Nets of Twine, Cordage, Rope or Textile Materials

Imports in Australia and Oceania

In 2021, twine, cordage or textile net imports in Australia and Oceania dropped to X tons, waning by -5.9% on 2020 figures. The total import volume increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 43%. The volume of import peaked at X tons in 2020, and then declined in the following year.

In value terms, twine, cordage or textile net imports surged to $X in 2021. Total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 37% against the previous year. The level of import peaked in 2021 and is likely to continue growth in the near future.

Imports by Country

Australia was the key importer of nets of twine, cordage, rope or textile materials in Australia and Oceania, with the volume of imports amounting to X tons, which was approx. 60% of total imports in 2021. New Zealand (X tons) ranks second in terms of the total imports with an 18% share, followed by Marshall Islands (7%). Papua New Guinea (X tons), American Samoa (X tons), Vanuatu (X tons) and Fiji (X tons) held a minor share of total imports.

Imports into Australia increased at an average annual rate of +3.2% from 2012 to 2021. At the same time, Vanuatu (+32.0%), Fiji (+20.5%), Marshall Islands (+14.0%), American Samoa (+7.6%), New Zealand (+7.6%) and Papua New Guinea (+2.7%) displayed positive paces of growth. Moreover, Vanuatu emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +32.0% from 2012-2021. New Zealand (+4.1 p.p.), Marshall Islands (+3.8 p.p.) and Vanuatu (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -7.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported nets of twine, cordage, rope or textile materials in Australia and Oceania, comprising 60% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 19% share of total imports. It was followed by Marshall Islands, with a 9% share.

In Australia, twine, cordage or textile net imports expanded at an average annual rate of +6.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: New Zealand (+8.3% per year) and Marshall Islands (+13.5% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, increasing by 24% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Marshall Islands ($X per ton), while Vanuatu ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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