Australia and Oceania: Plaits And Basketwork Market 2024

Plaits And Basketwork Market Size in Australia and Oceania

The plaits and basketwork market in Australia and Oceania reduced to $X in 2022, waning by -5.6% against the previous year. The market value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Plaits And Basketwork Production in Australia and Oceania

In value terms, plaits and basketwork production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, saw buoyant growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 88% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Plaits And Basketwork Exports

Exports in Australia and Oceania

In 2022, shipments abroad of plaits, basketwork, wickerwork and similar products of plaiting materials increased by 50% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, continue to indicate a mild slump. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, plaits and basketwork exports surged to $X in 2022. Total exports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.9% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of 65%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

Australia dominates exports structure, accounting for X tons, which was approx. 82% of total exports in 2022. It was distantly followed by New Zealand (X tons), comprising a 9.1% share of total exports. Micronesia (X tons) followed a long way behind the leaders.

Australia experienced a relatively flat trend pattern with regard to volume of exports of plaits, basketwork, wickerwork and similar products of plaiting materials. At the same time, New Zealand (+5.3%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +5.3% from 2012-2022. By contrast, Micronesia (-14.5%) illustrated a downward trend over the same period. While the share of Australia (+8.8 p.p.) and New Zealand (+4.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Micronesia (-12.4 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest plaits and basketwork supplier in Australia and Oceania, comprising 77% of total exports. The second position in the ranking was held by New Zealand ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia stood at +6.6%. In the other countries, the average annual rates were as follows: New Zealand (+6.2% per year) and Micronesia (-13.2% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, which is down by -13% against the previous year. Export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plaits and basketwork export price decreased by -14.3% against 2019 indices. The pace of growth appeared the most rapid in 2018 an increase of 37% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Micronesia ($X per ton), while Australia ($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 (+6.9%), while the other leaders experienced more modest paces of growth.

Plaits And Basketwork Imports

Imports in Australia and Oceania

In 2022, after two years of growth, there was decline in purchases abroad of plaits, basketwork, wickerwork and similar products of plaiting materials, when their volume decreased by -4.1% to X tons. Overall, imports showed a perceptible slump. The most prominent rate of growth was recorded in 2016 when imports increased by 15% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, plaits and basketwork imports expanded significantly to $X in 2022. In general, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 42%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Australia represented the largest importing country with an import of around X tons, which reached 83% of total imports. It was distantly followed by New Zealand (X tons), mixing up a 14% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to plaits and basketwork imports into Australia stood at -4.0%. New Zealand experienced a relatively flat trend pattern. From 2012 to 2022, the share of New Zealand increased by +4.5 percentage points.

In value terms, Australia ($X) constitutes the largest market for imported plaits, basketwork, wickerwork and similar products of plaiting materials in Australia and Oceania, comprising 84% of total imports. The second position in the ranking was held by New Zealand ($X), with a 14% share of total imports.

In Australia, plaits and basketwork imports increased at an average annual rate of +8.5% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, with an increase of 11% against the previous year. In general, the import price enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2018 when the import price increased by 66%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, 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 (+13.1%).

Source: IndexBox Platform

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