Australia and Oceania: Market for Jute And Jute-Like Fibers 2024

Market Size for Jute And Jute-Like Fibers in Australia and Oceania

In 2022, the jute and jute-like fibers market in Australia and Oceania decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, faced a precipitous descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Jute And Jute-Like Fibers in Australia and Oceania

In value terms, jute and jute-like fibers production shrank slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Samoa (X tons) and Australia (X tons).

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Australia (with a CAGR of X%).

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Jute And Jute-Like Fibers

Exports in Australia and Oceania

In 2022, the amount of jute and jute-like fibers exported in Australia and Oceania skyrocketed to X tons, picking up by X% on the year before. In general, exports recorded prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, jute and jute-like fibers exports rose remarkably to $X in 2022. Over the period under review, exports posted a buoyant increase. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Australia dominates exports structure, finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by New Zealand (X kg), committing a X% share of total exports. Samoa (X kg) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the jute and jute-like fibers exports, with a CAGR of X% from 2012 to 2022. At the same time, New Zealand (X%) and Samoa (X%) displayed positive paces of growth. From 2012 to 2022, the share of Australia increased by X percentage points.

In value terms, Australia ($X) remains the largest jute and jute-like fibers supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total exports.

In Australia, jute and jute-like fibers exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and Samoa (X% per year).

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price recorded a noticeable slump. The growth pace was the most rapid in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Samoa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced a decline in the export price figures.

Imports of Jute And Jute-Like Fibers

Imports in Australia and Oceania

In 2022, supplies from abroad of jute and jute-like fibers was finally on the rise to reach X tons after two years of decline. Overall, imports, however, saw a sharp reduction. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, jute and jute-like fibers imports plummeted to $X in 2022. Over the period under review, imports, however, faced a deep slump. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia was the major importing country with an import of about X tons, which recorded X% of total imports. It was distantly followed by Kiribati (X tons) and New Zealand (X tons), together creating a X% share of total imports. Papua New Guinea (X tons), Fiji (X tons) and Samoa (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to jute and jute-like fibers imports into Australia stood at X%. At the same time, Kiribati (X%) displayed positive paces of growth. Moreover, Kiribati emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, Fiji (X%), New Zealand (X%), Papua New Guinea (X%) and Samoa (X%) illustrated a downward trend over the same period. Kiribati (X p.p.), Samoa (X p.p.) and Fiji (X p.p.) significantly strengthened its position in terms of the total imports, while Papua New Guinea and Australia saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X), Kiribati ($X) and Australia ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Kiribati, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, which is down by X% against the previous year. Import price indicated strong 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 most prominent rate of growth was recorded in 2013 an increase of X%. The level of import peaked at $X per ton in 2021, and then contracted markedly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Papua New Guinea (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :