Australia and Oceania: Primary Fiber Crops Market 2024

Primary Fiber Crops Market Size in Australia and Oceania

In 2022, the primary fiber crops market in Australia and Oceania decreased by X% to $X, falling for the fourth consecutive year after three years of growth. In general, consumption showed a abrupt slump. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Primary Fiber Crops Production in Australia and Oceania

In value terms, primary fiber crops production declined sharply to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Primary Fiber Crops Exports

Exports in Australia and Oceania

In 2022, approx. X tons of fiber crops (primary) were exported in Australia and Oceania; rising by X% compared with the year before. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, primary fiber crops exports soared to $X in 2022. Over the period under review, exports continue to indicate a modest expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, Australia (X tons) was the major exporter of fiber crops (primary) in Australia and Oceania, achieving X% of total export.

Australia experienced a relatively flat trend pattern with regard to volume of exports of fiber crops (primary). The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest primary fiber crops supplier in Australia and Oceania.

From 2012 to 2022, the average annual growth rate of value in Australia stood at X%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to X% per year.

Primary Fiber Crops Imports

Imports in Australia and Oceania

In 2022, imports of fiber crops (primary) in Australia and Oceania declined sharply to X tons, falling by X% against 2021. Overall, imports, however, recorded a noticeable increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then fell notably in the following year.

In value terms, primary fiber crops imports fell remarkably to $X in 2022. Over the period under review, imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then reduced sharply in the following year.

Imports by Country

Australia represented the major importer of fiber crops (primary) in Australia and Oceania, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. It was distantly followed by New Zealand (X tons), generating a X% share of total imports. New Caledonia (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to primary fiber crops imports into Australia stood at X%. At the same time, New Caledonia (X%) and New Zealand (X%) displayed positive paces of growth. Moreover, New Caledonia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. Australia (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported fiber crops (primary) in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports.

In Australia, primary fiber crops imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and New Caledonia (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, rising by X% against the previous year. Import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, primary fiber crops import price increased by X% against 2016 indices. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while New Caledonia ($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 (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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