Australia and Oceania: Sisal Binder Market 2024

Sisal Binder Market Size in Australia and Oceania

The sisal binder market in Australia and Oceania amounted to $X in 2022, picking up by 5.1% against the previous year. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.1% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Sisal Binder Production in Australia and Oceania

In value terms, sisal binder production expanded to $X in 2022 estimated in export price. The total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.8% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 43%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Sisal Binder Exports

Exports in Australia and Oceania

In 2022, sisal binder exports in Australia and Oceania shrank markedly to X kg, declining by -22.1% against 2021. Overall, exports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2017 when exports increased by 7,530% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, sisal binder exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 2,637% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Australia represented the major exporter of sisal binder or baler (agricultural) twines in Australia and Oceania, with the volume of exports recording X kg, which was near 86% of total exports in 2022. It was distantly followed by New Zealand (X kg), achieving a 14% share of total exports.

Australia was also the fastest-growing in terms of the sisal binder or baler (agricultural) twines exports, with a CAGR of +1.6% from 2012 to 2022. New Zealand (-18.3%) illustrated a downward trend over the same period. While the share of Australia (+48 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (-41.5 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest sisal binder supplier in Australia and Oceania, comprising 99% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 0.8% share of total exports.

In Australia, sisal binder exports increased at an average annual rate of +42.2% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, picking up by 745% against the previous year. Overall, the export price saw a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, 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 (+40.0%).

Sisal Binder Imports

Imports in Australia and Oceania

In 2022, approx. X tons of sisal binder or baler (agricultural) twines were imported in Australia and Oceania; falling by -10.9% against the previous year's figure. Overall, imports continue to indicate a pronounced decline. The growth pace was the most rapid in 2014 when imports increased by 136%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, sisal binder imports rose rapidly to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 108% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

New Zealand was the major importing country with an import of about X tons, which amounted to 83% of total imports. It was distantly followed by Australia (X tons), mixing up a 13% share of total imports. French Polynesia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sisal binder imports into New Zealand stood at +5.3%. At the same time, French Polynesia (+32.0%) displayed positive paces of growth. Moreover, French Polynesia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +32.0% from 2012-2022. By contrast, Australia (-16.8%) illustrated a downward trend over the same period. New Zealand (+47 p.p.) and French Polynesia (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -45.2% from 2012 to 2022, respectively.

In value terms, New Zealand ($X) constitutes the largest market for imported sisal binder or baler (agricultural) twines in Australia and Oceania, comprising 82% of total imports. The second position in the ranking was taken by Australia ($X), with a 12% share of total imports.

In New Zealand, sisal binder imports increased at an average annual rate of +8.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Australia (-14.3% per year) and French Polynesia (+30.9% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, picking up by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The growth pace was the most rapid in 2013 when the import price increased by 21%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was French Polynesia ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+3.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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