Australia: Primary Fiber Crops Market 2024

Primary Fiber Crops Market Size in Australia

The Australian primary fiber crops market declined dramatically to $X in 2022, waning by X% against the previous year. In general, consumption saw a abrupt shrinkage. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Primary Fiber Crops Production in Australia

In value terms, primary fiber crops production dropped rapidly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Primary Fiber Crops Exports

Exports from Australia

Primary fiber crops exports from Australia skyrocketed to X tons in 2022, surging by X% on the year before. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, primary fiber crops exports soared to $X in 2022. In general, exports recorded modest growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Vietnam (X tons) was the main destination for primary fiber crops exports from Australia, accounting for a X% share of total exports. Moreover, primary fiber crops exports to Vietnam exceeded the volume sent to the second major destination, Indonesia (X tons), threefold. India (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Vietnam totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and India (X% per year).

In value terms, Vietnam ($X) remains the key foreign market for fiber crops (primary) exports from Australia, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports. It was followed by India, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Vietnam stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the average primary fiber crops export price amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Bangladesh ($X per ton) and Thailand ($X per ton), while the average price for exports to China ($X per ton) and Turkey ($X per ton) were amongst the lowest.

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

Primary Fiber Crops Imports

Imports into Australia

After three years of growth, purchases abroad of fiber crops (primary) decreased by X% to X tons in 2022. Overall, imports, however, saw a moderate expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at X tons in 2021, and then fell sharply in the following year.

In value terms, primary fiber crops imports contracted remarkably to $X in 2022. Over the period under review, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then declined rapidly in the following year.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of primary fiber crops to Australia, accounting for a X% share of total imports. Moreover, primary fiber crops imports from India exceeded the figures recorded by the second-largest supplier, Sri Lanka (X tons), fourfold. The third position in this ranking was held by Vietnam (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (X% per year) and Vietnam (X% per year).

In value terms, India ($X) constituted the largest supplier of fiber crops (primary) to Australia, comprising X% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with an X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (X% per year) and Thailand (X% per year).

Import Prices by Country

The average primary fiber crops import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price recorded a prominent increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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 Sri Lanka ($X per ton), while the price for Bangladesh ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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