Australia: Market for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning 2025

Market Size for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Australia

The Australian market for other synthetic tow and staple not carded, combed or otherwise processed for spinning was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption, however, faced a abrupt decrease. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Exports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Exports from Australia

In 2021, the amount of other synthetic tow and staple not carded, combed or otherwise processed for spinning exported from Australia expanded slightly to X tons, surging by 3.3% compared with 2020 figures. Over the period under review, exports, however, showed a abrupt setback. The growth pace was the most rapid in 2018 with an increase of 205% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning shrank remarkably to $X in 2021. Overall, exports, however, continue to indicate a deep downturn. The growth pace was the most rapid in 2019 when exports increased by 46% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

New Zealand (X tons) was the main destination for exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Australia, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to New Zealand amounted to +26.1%.

In value terms, New Zealand ($X) also remains the key foreign market for other synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Australia.

From 2012 to 2021, the average annual rate of growth in terms of value to New Zealand amounted to +47.0%.

Export Prices by Country

In 2021, the average export price for other synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, falling by -48.4% against the previous year. Over the period under review, the export price, however, posted noticeable growth. The pace of growth was the most pronounced in 2013 an increase of 244% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for New Zealand.

From 2012 to 2021, the rate of growth in terms of prices for New Zealand amounted to +16.6% per year.

Imports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Imports into Australia

In 2021, overseas purchases of other synthetic tow and staple not carded, combed or otherwise processed for spinning were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, showed a abrupt slump. The growth pace was the most rapid in 2014 with an increase of 142%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021. Overall, imports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2014 when imports increased by 115%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

In 2021, South Korea (X tons) constituted the largest other synthetic tow and staple not carded, combed or otherwise processed for spinning supplier to Australia, with a 86% share of total imports. Moreover, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from South Korea exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from South Korea stood at +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-28.8% per year) and Belgium (-9.1% per year).

In value terms, South Korea ($X) constituted the largest supplier of other synthetic tow and staple not carded, combed or otherwise processed for spinning to Australia, comprising 79% of total imports. The second position in the ranking was held by China ($X), with a 9.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value from South Korea stood at +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-29.5% per year) and Belgium (-24.4% per year).

Import Prices by Country

The average import price for other synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, increasing by 20% against the previous year. Overall, the import price, however, saw a noticeable downturn. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for Belgium ($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 (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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