Australia and Oceania: Woolen Yarn Market 2024

Woolen Yarn Market Size in Australia and Oceania

In 2021, the woolen yarn market in Australia and Oceania was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, saw a abrupt setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Woolen Yarn Production in Australia and Oceania

In value terms, woolen yarn production soared to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt slump. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Woolen Yarn Exports

Exports in Australia and Oceania

In 2021, the amount of yarn of wool exported in Australia and Oceania surged to X tons, jumping by 73% on the year before. In general, exports, however, continue to indicate a abrupt slump. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, woolen yarn exports soared to $X in 2021. Overall, exports, however, faced a abrupt shrinkage. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

New Zealand dominates exports structure, resulting at X tons, which was near 97% of total exports in 2021. Australia (X tons) took a relatively small share of total exports.

New Zealand was also the fastest-growing in terms of the yarn of wool exports, with a CAGR of -9.8% from 2012 to 2021. Australia (-27.0%) illustrated a downward trend over the same period. New Zealand (+16 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -15.6% from 2012 to 2021, respectively.

In value terms, New Zealand ($X) remains the largest woolen yarn supplier in Australia and Oceania, comprising 95% of total exports. The second position in the ranking was taken by Australia ($X), with a 5.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in New Zealand stood at -11.0%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, dropping by -2% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 26%. Over the period under review, the export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+8.3%).

Woolen Yarn Imports

Imports in Australia and Oceania

In 2021, purchases abroad of yarn of wool increased by 45% to X tons, rising for the second consecutive year after seven years of decline. Overall, imports, however, saw a pronounced decline. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, woolen yarn imports soared to $X in 2021. Over the period under review, imports, however, recorded a drastic downturn. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Australia (X tons) represented the major importer of yarn of wool, comprising 86% of total imports. It was distantly followed by New Zealand (X tons), making up a 12% share of total imports. Fiji (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to woolen yarn imports into Australia stood at -3.2%. At the same time, Fiji (+13.5%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +13.5% from 2012-2021. By contrast, New Zealand (-11.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Australia and Fiji increased by +10 and +1.5 percentage points, respectively.

In value terms, Australia ($X) constitutes the largest market for imported yarn of wool in Australia and Oceania, comprising 75% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Australia amounted to -4.5%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (-7.5% per year) and Fiji (-0.3% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, waning by -5.3% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 13%. Over the period under review, import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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 ($X per ton), while Fiji ($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 (+4.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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