Australia and Oceania: Silk Yarn Market 2021

Silk Yarn Market Size in Australia and Oceania

For the third year in a row, the silk yarn market in Australia and Oceania recorded decline in sales value, which decreased by -X% to $X in 2019. Overall, consumption recorded a noticeable decline. The growth pace was the most rapid in 2012 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. From 2013 to 2019, the growth of the market remained at a lower figure.

Silk Yarn Production in Australia and Oceania

In value terms, silk yarn production shrank remarkably to $X in 2019 estimated in export prices. Over the period under review, production showed a pronounced descent. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2013 to 2019, production growth failed to regain the momentum.

Production By Country in Australia and Oceania

Australia (X tons) constituted the country with the largest volume of silk yarn production, comprising approx. X% of total volume. Moreover, silk yarn production in Australia exceeded the figures recorded by the second-largest producer, New Zealand (X tons), eightfold.

From 2007 to 2019, the average annual growth rate of volume in Australia stood at -X%.

Silk Yarn Exports

Exports in Australia and Oceania

In 2019, overseas shipments of silk yarn increased by X% to X kg, rising for the second consecutive year after four years of decline. Overall, exports, however, saw a abrupt decrease. The growth pace was the most rapid in 2013 when exports increased by X% year-to-year. The volume of export peaked at X tons in 2008; however, from 2009 to 2019, exports stood at a somewhat lower figure.

In value terms, silk yarn exports skyrocketed to $X in 2019. Over the period under review, exports, however, showed a deep setback. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2019, exports failed to regain the momentum.

Exports by Country

Australia was the key exporter of silk yarn in Australia and Oceania, with the volume of exports amounting to X kg, which was near X% of total exports in 2019. It was distantly followed by New Zealand (X kg), achieving a X% share of total exports.

From 2007 to 2019, average annual rates of growth with regard to silk yarn exports from Australia stood at -X%. At the same time, New Zealand (+X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +X% from 2007-2019. From 2007 to 2019, the share of New Zealand increased by +X% percentage points, while Australia (-X p.p.) saw their share reduced.

In value terms, the largest silk yarn supplying countries in Australia and Oceania were Australia ($X) and New Zealand ($X Zealand saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The silk yarn export price in Australia and Oceania stood at $X per ton in 2019, waning by -X% against the previous year. Over the period under review, the export price saw a deep contraction. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by New Zealand.

Silk Yarn Imports

Imports in Australia and Oceania

In 2019, approx. X tons of silk yarn were imported in Australia and Oceania; which is down by -X% compared with the previous year's figure. Over the period under review, imports showed a pronounced setback. The most prominent rate of growth was recorded in 2016 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at X tons in 2018, and then contracted dramatically in the following year.

In value terms, silk yarn imports shrank markedly to $X in 2019. Overall, imports showed a noticeable curtailment. The pace of growth appeared the most rapid in 2013 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. From 2014 to 2019, the growth imports remained at a lower figure.

Imports by Country

New Zealand was the key importer of silk yarn in Australia and Oceania, with the volume of imports amounting to X tons, which was near X% of total imports in 2019. It was distantly followed by Australia (X kg), generating a X% share of total imports.

New Zealand was also the fastest-growing in terms of the silk yarn imports, with a CAGR of +X% from 2007 to 2019. Australia (-X%) illustrated a downward trend over the same period. While the share of New Zealand (+X p.p.) increased significantly in terms of the total imports from 2007-2019, the share of Australia (-X p.p.) displayed negative dynamics.

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

In New Zealand, silk yarn imports increased at an average annual rate of +X% over the period from 2007-2019.

Import Prices by Country

In 2019, the silk yarn import price in Australia and Oceania amounted to $X per ton, with an increase of X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. Over the period under review, import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2019, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2019, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by New Zealand.

Source: IndexBox Platform

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