Australia and Oceania: Cotton Lint Market 2024

Cotton Lint Market Size in Australia and Oceania

The cotton lint market in Australia and Oceania declined markedly to $X in 2022, shrinking by X% against the previous year. Overall, consumption recorded a abrupt decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Cotton Lint Production in Australia and Oceania

In value terms, cotton lint production declined sharply to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of cotton lint production was Australia (X tons), accounting for X% of total volume.

From 2012 to 2022, the average annual rate of growth in terms of volume in Australia totaled X%.

In 2022, the average yield of cotton lint in Australia and Oceania soared to X tons per ha, with an increase of X% on the previous year. Over the period under review, the yield, however, showed a slight downturn. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of yield peaked at X tons per ha in 2015; however, from 2016 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The cotton lint harvested area expanded to X ha in 2022, picking up by X% compared with the previous year's figure. Over the period under review, the harvested area, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2017 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

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Cotton Lint Exports

Exports in Australia and Oceania

In 2022, shipments abroad of cotton lint increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cotton lint exports skyrocketed to $X in 2022. Overall, exports enjoyed a mild expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Australia (X tons) represented roughly X% of total exports in 2022.

Australia experienced a relatively flat trend pattern with regard to volume of exports of cotton lint. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest cotton lint supplier in Australia and Oceania.

From 2012 to 2022, the average annual growth rate of value in Australia totaled X%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, growing 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.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to X% per year.

Cotton Lint Imports

Imports in Australia and Oceania

In 2022, overseas purchases of cotton lint increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cotton lint imports skyrocketed to $X in 2022. In general, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Australia (X tons) and New Caledonia (X tons) prevails in imports structure, together mixing up X% of total imports. The following importers - Micronesia (X tons) and Papua New Guinea (X tons) - each reached a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for New Caledonia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constitutes the largest market for imported cotton lint in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Caledonia ($X), with a X% share of total imports. It was followed by Micronesia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Australia totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: New Caledonia (X% per year) and Micronesia (X% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, growing by X% against the previous year. Import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Micronesia ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Micronesia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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