Australia and Oceania: Table Flatware Market 2024

Table Flatware Market Size in Australia and Oceania

In 2022, after five years of growth, there was decline in the table flatware market in Australia and Oceania, when its value decreased by -4.2% to $X. The total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +74.7% against 2016 indices. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Table Flatware Production in Australia and Oceania

In value terms, table flatware production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 144%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Table Flatware Exports

Exports in Australia and Oceania

In 2022, shipments abroad of table flatware increased by 105% to X tons, rising for the second consecutive year after three years of decline. In general, exports posted a measured increase. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, table flatware exports soared to $X in 2022. Over the period under review, exports enjoyed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia prevails in exports structure, resulting at X tons, which was approx. 93% of total exports in 2022. The following exporters - New Zealand (X tons) and Fiji (X tons) - together made up 6.2% of total exports.

Australia was also the fastest-growing in terms of the table flatware exports, with a CAGR of +2.9% from 2012 to 2022. At the same time, Fiji (+1.4%) displayed positive paces of growth. By contrast, New Zealand (-8.3%) illustrated a downward trend over the same period. Australia (+8 p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by -7.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest table flatware supplier in Australia and Oceania, comprising 94% of total exports. The second position in the ranking was held by New Zealand ($X), with a 4.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to +8.3%. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (-8.4% per year) and Fiji (+6.9% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, rising by 40% against the previous year. In general, the export price posted a noticeable expansion. The most prominent rate of growth was recorded in 2018 an increase of 92%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Fiji (+5.4%), while the other leaders experienced mixed trends in the export price figures.

Table Flatware Imports

Imports in Australia and Oceania

In 2022, the amount of table flatware imported in Australia and Oceania fell to X tons, declining by -14.8% against 2021. Over the period under review, imports continue to indicate a mild decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 46% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, table flatware imports contracted to $X in 2022. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 59% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

Australia represented the major importing country with an import of about X tons, which finished at 80% of total imports. It was distantly followed by New Zealand (X tons), achieving an 11% share of total imports. Papua New Guinea (X tons) and Fiji (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to table flatware imports into Australia stood at -2.6%. At the same time, Fiji (+3.2%) and New Zealand (+2.6%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +3.2% from 2012-2022. Papua New Guinea experienced a relatively flat trend pattern. New Zealand (+3.9 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported table flatware in Australia and Oceania, comprising 84% of total imports. The second position in the ranking was held by New Zealand ($X), with an 11% share of total imports. It was followed by Papua New Guinea, with a 1.8% share.

In Australia, table flatware imports increased at an average annual rate of +1.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (+3.0% per year) and Papua New Guinea (+0.6% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, rising by 4.6% against the previous year. Import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, table flatware import price increased by +13.6% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by 36%. Over the period under review, import prices attained the maximum in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Fiji ($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 (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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