Australia: Technical Textiles Market 2024

Technical Textiles Market Size in Australia

In 2021, after five years of growth, there was decline in the Australian technical textiles market, when its value decreased by -3.5% to $X. In general, the total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.9% 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 +67.0% against 2015 indices. As a result, consumption reached the peak level of $X, and then shrank slightly in the following year.

Technical Textiles Production in Australia

In value terms, technical textiles production fell to $X in 2021 estimated in export price. Over the period under review, production, however, posted buoyant growth. The growth pace was the most rapid in 2018 with an increase of 123%. Technical textiles production peaked at $X in 2020, and then declined in the following year.

Technical Textiles Exports

Exports from Australia

In 2021, shipments abroad of textile products and articles for technical uses increased by 173% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, saw a drastic downturn. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, technical textiles exports skyrocketed to $X in 2021. Overall, exports, however, recorded a perceptible curtailment. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons), New Zealand (X tons) and China (X tons) were the main destinations of technical textiles exports from Australia, together accounting for 63% of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +79.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), China ($X) and Singapore ($X) were the largest markets for technical textiles exported from Australia worldwide, with a combined 52% share of total exports. South Korea, Indonesia, Hong Kong SAR, Papua New Guinea, Vietnam, the United States and Djibouti lagged somewhat behind, together comprising a further 35%.

Vietnam, with a CAGR of +41.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average technical textiles export price amounted to $X per ton, which is down by -25% against the previous year. Overall, the export price, however, continues to indicate noticeable growth. The most prominent rate of growth was recorded in 2018 an increase of 170% against the previous year. The export price peaked at $X per ton in 2020, and then plummeted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.

Technical Textiles Imports

Imports into Australia

In 2021, supplies from abroad of textile products and articles for technical uses increased by 38% to X tons, rising for the second consecutive year after three years of decline. Overall, imports, however, saw a perceptible decline. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, technical textiles imports rose markedly to $X in 2021. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when imports increased by 9% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of technical textiles to Australia, with a 59% share of total imports. Moreover, technical textiles imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with a 9% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+11.9% per year) and Germany (-4.7% per year).

In value terms, China ($X) constituted the largest supplier of textile products and articles for technical uses to Australia, comprising 45% of total imports. The second position in the ranking was held by Germany ($X), with a 12% share of total imports. It was followed by the United States, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.7% per year) and the United States (-2.1% per year).

Import Prices by Country

The average technical textiles import price stood at $X per ton in 2021, with a decrease of -22.4% against the previous year. In general, the import price, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 95%. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then shrank significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+23.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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