Australia: Man-Made Filament Fabric Market 2024

Man-Made Filament Fabric Market Size in Australia

In 2021, the Australian man-made filament fabric market increased by 22% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. Man-made filament fabric consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Man-Made Filament Fabric Exports

Exports from Australia

Man-made filament fabric exports from Australia skyrocketed to X tons in 2021, picking up by 33% on 2020 figures. Overall, exports, however, showed a perceptible downturn. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, man-made filament fabric exports rose significantly to $X in 2021. In general, exports, however, saw a abrupt shrinkage. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

New Zealand (X tons) was the main destination for man-made filament fabric exports from Australia, accounting for a 36% share of total exports. Moreover, man-made filament fabric exports to New Zealand exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was held by Fiji (X tons), with a 9.8% share.

From 2012 to 2021, the average annual growth rate of volume to New Zealand was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+3.4% per year) and Fiji (-6.9% per year).

In value terms, New Zealand ($X) emerged as the key foreign market for woven fabrics of man-made filaments and staple fibers exports from Australia, comprising 33% of total exports. The second position in the ranking was held by the United States ($X), with a 12% share of total exports. It was followed by Vietnam, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to New Zealand stood at -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-1.4% per year) and Vietnam (+10.3% per year).

Export Prices by Country

In 2021, the average man-made filament fabric export price amounted to $X per ton, with a decrease of -13.7% against the previous year. Overall, the export price continues to indicate a mild decline. The pace of growth appeared the most rapid in 2018 when the average export price increased by 29% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Vietnam ($X per ton) and Fiji ($X per ton), while the average price for exports to India ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+5.0%), while the prices for the other major destinations experienced mixed trend patterns.

Man-Made Filament Fabric Imports

Imports into Australia

In 2021, supplies from abroad of woven fabrics of man-made filaments and staple fibers increased by 25% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, saw a perceptible setback. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, man-made filament fabric imports skyrocketed to $X in 2021. In general, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of man-made filament fabric to Australia, accounting for a 35% share of total imports. Moreover, man-made filament fabric imports from China exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), threefold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-1.4% per year) and the United Arab Emirates (+4.6% per year).

In value terms, China ($X) constituted the largest supplier of woven fabrics of man-made filaments and staple fibers to Australia, comprising 36% of total imports. The second position in the ranking was held by Turkey ($X), with a 9.8% share of total imports. It was followed by India, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+11.3% per year) and India (-2.2% per year).

Import Prices by Country

The average man-made filament fabric import price stood at $X per ton in 2021, reducing by -2.5% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, man-made filament fabric import price decreased by -15.8% against 2019 indices. The pace of growth was the most pronounced in 2018 an increase of 36% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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