Australia and Oceania: Market for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning 2025

Market Size for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Australia and Oceania

The market for other synthetic tow and staple not carded, combed or otherwise processed for spinning in Australia and Oceania rose significantly to $X in 2021, growing by 8% against the previous year. Over the period under review, consumption continues to indicate a buoyant increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Australia and Oceania

In value terms, production of other synthetic tow and staple not carded, combed or otherwise processed for spinning expanded remarkably to $X in 2021 estimated in export price. In general, production saw resilient growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 92%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Exports in Australia and Oceania

In 2021, approx. X tons of other synthetic tow and staple not carded, combed or otherwise processed for spinning were exported in Australia and Oceania; increasing by 20% on the previous year's figure. Overall, exports, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of 75% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning fell rapidly to $X in 2021. In general, exports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2019 with an increase of 43%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Australia was the largest exporter of other synthetic tow and staple not carded, combed or otherwise processed for spinning in Australia and Oceania, with the volume of exports accounting for X tons, which was approx. 78% of total exports in 2021. It was distantly followed by Fiji (X kg) and New Zealand (X kg), together committing a 22% share of total exports.

Exports from Australia decreased at an average annual rate of -13.7% from 2012 to 2021. At the same time, Fiji (+6.3%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +6.3% from 2012-2021. By contrast, New Zealand (-19.4%) illustrated a downward trend over the same period. Fiji (+13 p.p.) significantly strengthened its position in terms of the total exports, while Australia and New Zealand saw its share reduced by -6.3% and -6.5% from 2012 to 2021, respectively.

In value terms, Australia ($X) remains the largest other synthetic tow and staple not carded, combed or otherwise processed for spinning supplier in Australia and Oceania, comprising 87% of total exports. The second position in the ranking was held by Fiji ($X), with a 7.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia amounted to -9.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Fiji (+36.7% per year) and New Zealand (-7.4% per year).

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, which is down by -51% against the previous year. Over the period under review, the export price, however, saw perceptible growth. The growth pace was the most rapid in 2020 when the export price increased by 212%. As a result, the export price attained the peak level of $X per ton, and then declined dramatically in the following year.

Prices varied noticeably country of origin: the country with the highest price was Australia ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Fiji (+28.6%), while the other leaders experienced more modest paces of growth.

Imports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Imports in Australia and Oceania

In 2021, after three years of decline, there was significant growth in purchases abroad of other synthetic tow and staple not carded, combed or otherwise processed for spinning, when their volume increased by 14% to X tons. In general, imports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2014 when imports increased by 141%. Over the period under review, imports of reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021. Overall, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 116% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

Australia (X tons) represented roughly 99% of total imports in 2021.

Australia was also the fastest-growing in terms of the other synthetic tow and staple not carded, combed or otherwise processed for spinning imports, with a CAGR of -8.3% from 2012 to 2021. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported other synthetic tow and staple not carded, combed or otherwise processed for spinning in Australia and Oceania.

In Australia, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning declined by an average annual rate of -12.1% over the period from 2012-2021.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, picking up by 20% against the previous year. Overall, the import price, however, showed a noticeable contraction. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Australia.

From 2012 to 2021, the rate of growth in terms of prices for Australia amounted to -4.2% per year.

Source: IndexBox Platform

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