New Zealand: Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibres 2024

Market Size for Coconut, Abaca, Ramie and other Vegetable Textile Fibres in New Zealand

The New Zealand market for coconut, abaca, ramie and other vegetable textile fibres fell to $X in 2022, remaining stable against the previous year. Overall, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +25.4% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Coconut, Abaca, Ramie and other Vegetable Textile Fibres in New Zealand

In value terms, production of coconut, abaca, ramie and other vegetable textile fibres contracted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 90% against the previous year. Over the period under review, production of hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

In 2022, the average yield of coconut, abaca, ramie and other vegetable textile fibres in New Zealand declined modestly to X kg per ha, flattening at the previous year's figure. Overall, the yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 1.6% against the previous year. Over the period under review, the average yield of coconut, abaca, ramie and other vegetable textile fibres hit record highs at X kg per ha in 2016; however, from 2017 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of coconut, abaca, ramie and other vegetable textile fibres production in New Zealand reduced modestly to X ha, approximately mirroring the previous year. In general, the harvested area, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the harvested area increased by 2.2% against the previous year. The harvested area of coconut, abaca, ramie and other vegetable textile fibres peaked at X ha in 2018; afterwards, it flattened through to 2022.

Exports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Exports from New Zealand

In 2022, after four years of growth, there was significant decline in shipments abroad of coconut, abaca, ramie and other vegetable textile fibres, when their volume decreased by -52% to X tons. Over the period under review, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2013 when exports increased by 247% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres dropped dramatically to $X in 2022. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 164%. Over the period under review, the exports of hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Cook Islands (X tons), French Polynesia (X kg) and Samoa (X kg) were the main destinations of exports of coconut, abaca, ramie and other vegetable textile fibres from New Zealand.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by French Polynesia (with a CAGR of +14.9%), while the other leaders experienced a decline.

In value terms, Samoa ($X), French Polynesia ($X) and Cook Islands ($X) constituted the largest markets for coconut, abaca, ramie and other vegetable textile fibre exported from New Zealand worldwide, together accounting for 99.9% of total exports.

Samoa, with a CAGR of +25.1%, recorded the highest growth rate of 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 2022, the average export price for coconut, abaca, ramie and other vegetable textile fibres amounted to $X per ton, surging by 71% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. The growth pace was the most rapid in 2014 when the average export price increased by 88% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Samoa ($X per ton), while the average price for exports to Cook Islands ($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 Samoa (+45.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Imports into New Zealand

In 2022, approx. X tons of coconut, abaca, ramie and other vegetable textile fibres were imported into New Zealand; picking up by 6% compared with 2021. Overall, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 64%. Over the period under review, imports of hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres surged to $X in 2022. In general, imports showed strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 117%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, India (X tons) constituted the largest coconut, abaca, ramie and other vegetable textile fibre supplier to New Zealand, with a 73% share of total imports. Moreover, imports of coconut, abaca, ramie and other vegetable textile fibres from India exceeded the figures recorded by the second-largest supplier, Sri Lanka (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from India totaled +30.0%.

In value terms, India ($X) constituted the largest supplier of coconut, abaca, ramie and other vegetable textile fibres to New Zealand, comprising 64% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a 32% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from India totaled +36.2%.

Import Prices by Country

The average import price for coconut, abaca, ramie and other vegetable textile fibres stood at $X per ton in 2022, surging by 16% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for coconut, abaca, ramie and other vegetable textile fibres increased by +82.2% against 2017 indices. The pace of growth appeared the most rapid in 2021 an increase of 33% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat 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 India totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+6.5%).

Source: IndexBox Platform