Australia: Market for Braids In The Piece, Tassels And Pompons, Ornamental Trimmings 2022

Market Size for Braids In The Piece, Tassels And Pompons, Ornamental Trimmings in Australia

The Australian market for braids in the piece, tassels and pompons, ornamental trimmings contracted rapidly to $X in 2021, waning by -X% against the previous year. In general, consumption showed a mild decline. Consumption of peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Production of Braids In The Piece, Tassels And Pompons, Ornamental Trimmings in Australia

In value terms, production of braids in the piece, tassels and pompons, ornamental trimmings contracted dramatically to $X in 2021 estimated in export price. Over the period under review, production recorded a slight setback. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, production reached the peak level of $X, and then declined rapidly in the following year.

Exports of Braids In The Piece, Tassels And Pompons, Ornamental Trimmings

Exports from Australia

In 2021, overseas shipments of braids in the piece, tassels and pompons, ornamental trimmings were finally on the rise to reach X tons for the first time since 2015, thus ending a five-year declining trend. Over the period under review, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of braids in the piece, tassels and pompons, ornamental trimmings surged to $X in 2021. Overall, exports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

New Zealand (X kg) was the main destination for exports of braids in the piece, tassels and pompons, ornamental trimmings from Australia, with a X% share of total exports. Moreover, exports of braids in the piece, tassels and pompons, ornamental trimmings to New Zealand exceeded the volume sent to the second major destination, Norway (X kg), sixfold. The third position in this ranking was taken by Indonesia (X kg), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to New Zealand totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and Indonesia (-X% per year).

In value terms, New Zealand ($X) remains the key foreign market for braids, tassels, pompons and ornamental trimmings exports from Australia, comprising X% of total exports. The second position in the ranking was held by Norway ($X), with an X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to New Zealand stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and Indonesia (-X% per year).

Export Prices by Country

In 2021, the average export price for braids in the piece, tassels and pompons, ornamental trimmings amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, the countries with the highest prices were Canada ($X per ton) and the United States ($X per ton), while the average price for exports to Norway ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Braids In The Piece, Tassels And Pompons, Ornamental Trimmings

Imports into Australia

In 2021, overseas purchases of braids in the piece, tassels and pompons, ornamental trimmings increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, continue to indicate a perceptible reduction. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, imports of braids in the piece, tassels and pompons, ornamental trimmings soared to $X in 2021. Overall, imports, however, recorded a pronounced decline. Over the period under review, imports of braids in piece, tassels and pompons, ornamental trimmings reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of braids, tassels, pompons and ornamental trimmings to Australia, accounting for a X% share of total imports. Moreover, imports of braids in the piece, tassels and pompons, ornamental trimmings from China exceeded the figures recorded by the second-largest supplier, India (X tons), sevenfold. The third position in this ranking was held by the United States (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-X% per year) and the United States (+X% per year).

In value terms, China ($X) constituted the largest supplier of braids, tassels, pompons and ornamental trimmings to Australia, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-X% per year) and the United States (+X% per year).

Import Prices by Country

The average import price for braids in the piece, tassels and pompons, ornamental trimmings stood at $X per ton in 2021, growing by X% against the previous year. Overall, the import price showed a mild expansion. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform