Australia: Wadding Market 2024

Wadding Market Size in Australia

In 2021, after two years of growth, there was significant decline in the Australian wadding market, when its value decreased by -5.4% to $X. In general, consumption showed a abrupt curtailment. Wadding consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Wadding Production in Australia

In value terms, wadding production dropped slightly to $X in 2021 estimated in export price. In general, production continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2016 with an increase of 63%. Wadding production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Wadding Exports

Exports from Australia

In 2021, shipments abroad of wadding increased by 38% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 295%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, wadding exports soared to $X in 2021. In general, exports recorded moderate growth. The most prominent rate of growth was recorded in 2017 when exports increased by 181%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

New Zealand (X tons) was the main destination for wadding exports from Australia, accounting for a 79% share of total exports. Moreover, wadding exports to New Zealand exceeded the volume sent to the second major destination, Nauru (X tons), more than tenfold. Papua New Guinea (X tons) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand stood at +15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nauru (+31.2% per year) and Papua New Guinea (+6.9% per year).

In value terms, New Zealand ($X) remains the key foreign market for wadding exports from Australia, comprising 61% of total exports. The second position in the ranking was taken by Papua New Guinea ($X), with a 10% share of total exports. It was followed by Nauru, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to New Zealand totaled +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-0.3% per year) and Nauru (+83.2% per year).

Export Prices by Country

The average wadding export price stood at $X per ton in 2021, reducing by -16.5% against the previous year. Over the period under review, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2019 when the average export price increased by 34%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Papua New Guinea ($X per ton), while the average price for exports to Vietnam ($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 Nauru (+39.6%), while the prices for the other major destinations experienced a decline.

Wadding Imports

Imports into Australia

In 2021, the amount of wadding imported into Australia shrank slightly to X tons, almost unchanged from the previous year's figure. In general, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2020 when imports increased by 18%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, wadding imports stood at $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 16% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of wadding to Australia, with a 53% share of total imports. Moreover, wadding imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), fourfold. India (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-3.8% per year) and India (-7.2% per year).

In value terms, China ($X) constituted the largest supplier of wadding to Australia, comprising 48% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 20% share of total imports. It was followed by India, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-5.0% per year) and India (-1.6% per year).

Import Prices by Country

The average wadding import price stood at $X per ton in 2021, picking up by 9.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.8%. The pace of growth was the most pronounced in 2017 an increase of 31% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Indonesia ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+30.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform