Australia and Oceania: Cotton Fabric Market 2024

Cotton Fabric Exports

Exports in Australia and Oceania

In 2021, exports of woven fabrics of cotton in Australia and Oceania soared to X tons, with an increase of 33% compared with the previous year. The total export volume increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, cotton fabric exports surged to $X in 2021. The total export value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia represented the key exporting country with an export of about X tons, which resulted at 53% of total exports. New Zealand (X tons) ranks second in terms of the total exports with a 35% share, followed by Fiji (11%).

From 2012 to 2021, the biggest increases were recorded for New Zealand (with a CAGR of +3.9%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest cotton fabric supplying countries in Australia and Oceania were Australia ($X), New Zealand ($X) and Fiji ($X), with a combined 100% share of total exports.

Among the main exporting countries, New Zealand, with a CAGR of +4.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, surging by 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2013 an increase of 13%. Over the period under review, the export prices reached the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+0.9%), while the other leaders experienced more modest paces of growth.

Cotton Fabric Imports

Imports in Australia and Oceania

In 2021, overseas purchases of woven fabrics of cotton decreased by -5.9% to X tons, falling for the fourth year in a row after four years of growth. Over the period under review, imports showed a noticeable contraction. The growth pace was the most rapid in 2016 with an increase of 25% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, cotton fabric imports soared to $X in 2021. Overall, imports showed a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Australia represented the key importing country with an import of around X tons, which accounted for 57% of total imports. It was distantly followed by Fiji (X tons), New Zealand (X tons) and Papua New Guinea (X tons), together committing a 35% share of total imports. The following importers - Niue (X tons) and New Caledonia (X tons) - each resulted at a 3.5% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to cotton fabric imports into Australia stood at -4.3%. At the same time, Papua New Guinea (+33.9%) and Niue (+17.9%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +33.9% from 2012-2021. New Caledonia experienced a relatively flat trend pattern. By contrast, New Zealand (-1.5%) and Fiji (-6.6%) illustrated a downward trend over the same period. Papua New Guinea (+9.5 p.p.), New Zealand (+1.8 p.p.) and Niue (+1.5 p.p.) significantly strengthened its position in terms of the total imports, while Fiji and Australia saw its share reduced by -4.8% and -6.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported woven fabrics of cotton in Australia and Oceania, comprising 67% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 15% share of total imports. It was followed by Fiji, with an 8% share.

In Australia, cotton fabric imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: New Zealand (-1.3% per year) and Fiji (-6.6% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, jumping by 23% against the previous year. Import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cotton fabric import price increased by +114.1% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of 25% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Australia (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :