Australia and Oceania: Textile Tubing Market 2024

Textile Tubing Market Size in Australia and Oceania

The textile tubing market in Australia and Oceania rose rapidly to $X in 2022, surging by 6.3% against the previous year. The market value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Textile Tubing Production in Australia and Oceania

In value terms, textile tubing production stood at $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 65% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Textile Tubing Exports

Exports in Australia and Oceania

In 2022, after two years of growth, there was decline in shipments abroad of textile hosepiping and similar textile tubing, when their volume decreased by -4.4% to X tons. Over the period under review, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 252%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, textile tubing exports skyrocketed to $X in 2022. Overall, exports faced a abrupt contraction. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of textile hosepiping and similar textile tubing, namely Australia, represented more than two-thirds of total export.

Australia was also the fastest-growing in terms of the textile hosepiping and similar textile tubing exports, with a CAGR of -12.7% from 2012 to 2022. Australia (+9.3 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest textile tubing supplier in Australia and Oceania.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to -9.9%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, increasing by 138% against the previous year. In general, the export price continues to indicate a perceptible increase. The growth pace was the most rapid in 2017 when the export price increased by 240%. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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 +3.2% per year.

Textile Tubing Imports

Imports in Australia and Oceania

For the fourth year in a row, Australia and Oceania recorded growth in overseas purchases of textile hosepiping and similar textile tubing, which increased by 13% to X tons in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.6% against 2016 indices. The growth pace was the most rapid in 2020 with an increase of 40% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, textile tubing imports amounted to $X in 2022. Total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +95.5% against 2016 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 41%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Australia represented the largest importing country with an import of around X tons, which recorded 72% of total imports. It was distantly followed by New Zealand (X tons), making up a 24% share of total imports. Papua New Guinea (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to textile tubing imports into Australia stood at +3.5%. At the same time, New Zealand (+26.3%) and Papua New Guinea (+15.6%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +26.3% from 2012-2022. From 2012 to 2022, the share of New Zealand increased by +20 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported textile hosepiping and similar textile tubing in Australia and Oceania, comprising 71% of total imports. The second position in the ranking was held by New Zealand ($X), with a 24% share of total imports.

In Australia, textile tubing imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+17.9% per year) and Papua New Guinea (+7.5% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, remaining stable against the previous year. In general, the import price saw a noticeable decline. The most prominent rate of growth was recorded in 2021 an increase of 9.6%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Papua New Guinea ($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 (-2.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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