Australia: Market for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning 2024

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

The Australian market for polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X in 2022, remaining relatively unchanged against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the near future.

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

Exports from Australia

In 2022, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning from Australia contracted to X tons, dropping by -6.3% against the year before. Over the period under review, exports continue to indicate a precipitous decline. The growth pace was the most rapid in 2015 when exports increased by 204% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning skyrocketed to $X in 2022. In general, exports showed a precipitous descent. The most prominent rate of growth was recorded in 2013 with an increase of 93%. As a result, the exports reached the peak of $X. From 2014 to 2022, 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 polyester tow and staple, not carded, combed or otherwise processed for spinning from Australia, accounting for a 88% share of total exports. Moreover, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning to New Zealand exceeded the volume sent to the second major destination, Papua New Guinea (X kg), more than tenfold. The third position in this ranking was held by Indonesia (X kg), with a 4% share.

From 2012 to 2022, the average annual growth rate of volume to New Zealand stood at +35.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+31.5% per year) and Indonesia (-37.2% per year).

In value terms, New Zealand ($X) remains the key foreign market for polyester tow and staple, not carded, combed or otherwise processed for spinning exports from Australia, comprising 66% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 12% share of total exports. It was followed by Papua New Guinea, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand stood at +11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-32.6% per year) and Papua New Guinea (+27.2% per year).

Export Prices by Country

The average export price for polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X per ton in 2022, increasing by 81% against the previous year. Overall, the export price saw a resilient expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 120%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Fiji ($X per ton), while the average price for exports to New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+49.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Australia

In 2022, after four years of growth, there was significant decline in supplies from abroad of polyester tow and staple, not carded, combed or otherwise processed for spinning, when their volume decreased by -9% to X tons. The total import volume increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 8.9% against the previous year. Over the period under review, imports of hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning totaled $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 32% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, South Korea (X tons) constituted the largest supplier of polyester tow and staple, not carded, combed or otherwise processed for spinning to Australia, accounting for a 44% share of total imports. Moreover, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning from South Korea exceeded the figures recorded by the second-largest supplier, Thailand (X tons), twofold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea stood at +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+22.8% per year) and Taiwan (Chinese) (-5.3% per year).

In value terms, South Korea ($X) constituted the largest supplier of polyester tow and staple, not carded, combed or otherwise processed for spinning to Australia, comprising 40% of total imports. The second position in the ranking was held by Thailand ($X), with a 20% share of total imports. It was followed by Taiwan (Chinese), with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+22.9% per year) and Taiwan (Chinese) (-4.1% per year).

Import Prices by Country

The average import price for polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X per ton in 2022, picking up by 13% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 23% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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