Australia and Oceania: Silk Fabric Market 2024

Silk Fabric Market Size in Australia and Oceania

The silk fabric market in Australia and Oceania totaled $X in 2021, surging by 2.2% against the previous year. Overall, consumption enjoyed a resilient expansion. The level of consumption peaked in 2021 and is likely to see gradual growth in the near future.

Silk Fabric Production in Australia and Oceania

In value terms, silk fabric production totaled $X in 2021 estimated in export price. Over the period under review, production posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 59%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Silk Fabric Exports

Exports in Australia and Oceania

For the sixth consecutive year, Australia and Oceania recorded decline in shipments abroad of woven fabrics of silk or of silk waste, which decreased by -54.9% to X square meters in 2021. In general, exports continue to indicate a sharp setback. The growth pace was the most rapid in 2013 when exports increased by 150%. As a result, the exports reached the peak of X square meters. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, silk fabric exports amounted to $X in 2021. Overall, exports saw a abrupt decline. The pace of growth was the most pronounced in 2013 with an increase of 70% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Australia (X square meters) was the major exporter of woven fabrics of silk or of silk waste, making up 75% of total exports. It was distantly followed by New Zealand (X square meters) and Fiji (X square meters), together committing a 24% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to silk fabric exports from Australia stood at -30.9%. At the same time, Fiji (+4.4%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +4.4% from 2012-2021. By contrast, New Zealand (-27.5%) illustrated a downward trend over the same period. While the share of Fiji (+5.4 p.p.) and New Zealand (+4.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Australia (-11 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest silk fabric supplier in Australia and Oceania, comprising 76% of total exports. The second position in the ranking was held by New Zealand ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia amounted to -15.3%. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (-22.1% per year) and Fiji (+5.7% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per square meter in 2021, with an increase of 149% against the previous year. Over the period under review, the export price showed a buoyant expansion. 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 New Zealand ($X per square meter), while Fiji ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+22.6%), while the other leaders experienced more modest paces of growth.

Silk Fabric Imports

Imports in Australia and Oceania

In 2021, supplies from abroad of woven fabrics of silk or of silk waste was finally on the rise to reach X square meters for the first time since 2016, thus ending a four-year declining trend. In general, imports, however, showed a abrupt decrease. The volume of import peaked at X square meters in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, silk fabric imports soared to $X in 2021. Overall, imports, however, recorded a drastic downturn. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Australia was the main importing country with an import of around X square meters, which finished at 67% of total imports. New Zealand (X square meters) ranks second in terms of the total imports with a 24% share, followed by Papua New Guinea (5%). Micronesia (X square meters) took a minor share of total imports.

Imports into Australia decreased at an average annual rate of -17.0% from 2012 to 2021. At the same time, Micronesia (+19.3%) displayed positive paces of growth. Moreover, Micronesia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +19.3% from 2012-2021. By contrast, Papua New Guinea (-7.1%) and New Zealand (-14.2%) illustrated a downward trend over the same period. While the share of New Zealand (+4.6 p.p.), Papua New Guinea (+3 p.p.) and Micronesia (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Australia (-6 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported woven fabrics of silk or of silk waste in Australia and Oceania, comprising 71% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 25% share of total imports. It was followed by Papua New Guinea, with a 1.1% share.

From 2012 to 2021, the average annual growth rate of value in Australia stood at -9.4%. In the other countries, the average annual rates were as follows: New Zealand (-5.2% per year) and Papua New Guinea (-3.2% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per square meter in 2021, rising by 8.7% against the previous year. In general, the import price showed resilient growth. The growth pace was the most rapid in 2018 an increase of 41% against the previous year. Over the period under review, import prices reached the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per square meter), while Papua New Guinea ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+10.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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