Australia: Twig Broom Market 2024

Twig Broom Market Size in Australia

After two years of growth, the Australian twig broom market decreased by -12.2% to $X in 2021. Over the period under review, the total consumption indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +39.9% against 2018 indices. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Twig Broom Exports

Exports from Australia

In 2021, shipments abroad of brooms and brushes of twigs was finally on the rise to reach X units after two years of decline. Over the period under review, exports saw resilient growth. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, twig broom exports skyrocketed to $X in 2021. Overall, exports posted a mild increase. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X units) was the main destination for twig broom exports from Australia, with a 54% share of total exports. Moreover, twig broom exports to New Zealand exceeded the volume sent to the second major destination, Saudi Arabia (X units), threefold. The third position in this ranking was taken by Papua New Guinea (X units), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to New Zealand amounted to +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+346.6% per year) and Papua New Guinea (+11.5% per year).

In value terms, New Zealand ($X) remains the key foreign market for brooms and brushes of twigs exports from Australia, comprising 61% of total exports. The second position in the ranking was held by Papua New Guinea ($X), with a 16% share of total exports. It was followed by South Africa, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value to New Zealand stood at +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+4.4% per year) and South Africa (+66.2% per year).

Export Prices by Country

In 2021, the average twig broom export price amounted to $X per unit, falling by -39.2% against the previous year. Overall, the export price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 when the average export price increased by 78% against the previous year. The export price peaked at $X per unit in 2020, and then reduced markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Papua New Guinea ($X per unit), while the average price for exports to Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+16.4%), while the prices for the other major destinations experienced mixed trend patterns.

Twig Broom Imports

Imports into Australia

In 2021, approx. X units of brooms and brushes of twigs were imported into Australia; falling by -2.5% against 2020. Over the period under review, total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +43.8% against 2014 indices. The growth pace was the most rapid in 2013 when imports increased by 57% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, twig broom imports totaled $X in 2021. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 43%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of twig broom to Australia, with a 75% share of total imports. Moreover, twig broom imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), fivefold. India (X units) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-5.1% per year) and India (+80.5% per year).

In value terms, China ($X) constituted the largest supplier of brooms and brushes of twigs to Australia, comprising 71% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 15% share of total imports. It was followed by Sri Lanka, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-0.4% per year) and Sri Lanka (+15.1% per year).

Import Prices by Country

The average twig broom import price stood at $X per unit in 2021, growing by 3% against the previous year. Over the period under review, the import price, however, saw a noticeable descent. The pace of growth was the most pronounced in 2014 when the average import price increased by 33% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Sri Lanka ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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