Australia and Oceania: Textile Wadding Market 2022

Textile Wadding Market Size in Australia and Oceania

The textile wadding market in Australia and Oceania rose remarkably to $X in 2021, growing by 11% against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Textile Wadding Production in Australia and Oceania

In value terms, textile wadding production expanded remarkably to $X in 2021 estimated in export price. The total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -8.6% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 39%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Textile Wadding Exports

Exports in Australia and Oceania

For the fourth consecutive year, Australia and Oceania recorded decline in overseas shipments of wadding of textile materials and articles thereof, which decreased by -25.3% to X tons in 2021. Overall, exports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2017 when exports increased by 81% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, textile wadding exports declined significantly to $X in 2021. In general, exports showed a deep contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 53% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Australia dominates exports structure, resulting at X tons, which was approx. 90% of total exports in 2021. It was distantly followed by New Zealand (X tons), mixing up a 7.5% share of total exports. Papua New Guinea (X tons) took a relatively small share of total exports.

Exports from Australia decreased at an average annual rate of -10.2% from 2012 to 2021. At the same time, Papua New Guinea (+39.1%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +39.1% from 2012-2021. By contrast, New Zealand (-20.9%) illustrated a downward trend over the same period. Australia (+11 p.p.) and Papua New Guinea (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by -13% from 2012 to 2021, respectively.

In value terms, Australia ($X) emerged as the largest textile wadding supplier in Australia and Oceania, comprising 80% of total exports. The second position in the ranking was held by New Zealand ($X), with a 16% share of total exports.

In Australia, textile wadding exports shrank by an average annual rate of -15.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: New Zealand (-15.7% per year) and Papua New Guinea (+42.0% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, waning by -16.6% against the previous year. In general, the export price saw a noticeable slump. The pace of growth appeared the most rapid in 2019 an increase of 17%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Papua New Guinea ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+6.6%), while the other leaders experienced mixed trends in the export price figures.

Textile Wadding Imports

Imports in Australia and Oceania

In 2021, supplies from abroad of wadding of textile materials and articles thereof increased by 5% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, recorded a mild reduction. The most prominent rate of growth was recorded in 2017 with an increase of 27% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, textile wadding imports rose sharply to $X in 2021. In general, imports, however, showed a mild setback. The pace of growth was the most pronounced in 2017 with an increase of 16%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Australia (X tons) represented the key importer of wadding of textile materials and articles thereof, creating 76% of total imports. It was distantly followed by New Zealand (X tons) and Papua New Guinea (X tons), together generating a 17% share of total imports. Fiji (X tons) followed a long way behind the leaders.

Imports into Australia decreased at an average annual rate of -1.7% from 2012 to 2021. At the same time, Fiji (+2.2%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +2.2% from 2012-2021. By contrast, New Zealand (-2.0%) and Papua New Guinea (-5.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Papua New Guinea decreased by -1.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported wadding of textile materials and articles thereof in Australia and Oceania, comprising 78% of total imports. The second position in the ranking was held by New Zealand ($X), with an 11% share of total imports. It was followed by Papua New Guinea, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (-4.5% per year) and Papua New Guinea (-1.7% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, surging by 6.8% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 13%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Australia ($X per ton) and Papua New Guinea ($X per ton), while Fiji ($X per ton) and New Zealand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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