Australia and Oceania: Silk Yarn Market 2023

Silk Yarn Market Size in Australia and Oceania

In 2021, after eight years of decline, there was significant growth in the silk yarn market in Australia and Oceania, when its value increased by 9.2% to $X. In general, consumption, however, showed a abrupt descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Silk Yarn Production in Australia and Oceania

In value terms, silk yarn production rose rapidly to $X in 2021 estimated in export price. In general, production, however, showed a deep slump. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Silk Yarn Exports

Exports in Australia and Oceania

In 2021, shipments abroad of silk yarn and yarn spun from silk waste increased by 644% to X tons, rising for the second consecutive year after five years of decline. Over the period under review, exports, however, showed a sharp slump. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, silk yarn exports soared to $X in 2021. In general, exports saw a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Australia represented the major exporting country with an export of around X tons, which reached 85% of total exports. It was distantly followed by New Zealand (X kg), committing a 15% share of total exports.

Exports from Australia decreased at an average annual rate of -24.1% from 2012 to 2021. At the same time, New Zealand (+9.9%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +9.9% from 2012-2021. From 2012 to 2021, the share of New Zealand increased by +14 percentage points.

In value terms, Australia ($X) emerged as the largest silk yarn supplier in Australia and Oceania, comprising 94% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 6.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Australia was relatively modest.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, rising by 390% against the previous year. In general, the export price recorded significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+32.0%).

Silk Yarn Imports

Imports in Australia and Oceania

In 2021, supplies from abroad of silk yarn and yarn spun from silk waste increased by 319% to X tons, rising for the second year in a row after three years of decline. In general, imports enjoyed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, silk yarn imports skyrocketed to $X in 2021. Total imports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +95.1% against 2017 indices. The pace of growth appeared the most rapid in 2020 with an increase of 48% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

Imports by Country

Kiribati represented the major importer of silk yarn and yarn spun from silk waste in Australia and Oceania, with the volume of imports resulting at X tons, which was approx. 81% of total imports in 2021. It was distantly followed by Australia (X tons), constituting a 14% share of total imports. New Zealand (X kg) followed a long way behind the leaders.

Kiribati was also the fastest-growing in terms of the silk yarn and yarn spun from silk waste imports, with a CAGR of +514.4% from 2012 to 2021. At the same time, Australia (+3.9%) displayed positive paces of growth. By contrast, New Zealand (-9.7%) illustrated a downward trend over the same period. Kiribati (+81 p.p.) significantly strengthened its position in terms of the total imports, while Australia and New Zealand saw its share reduced by -25.5% and -30.2% from 2012 to 2021, respectively.

In value terms, Australia ($X) constitutes the largest market for imported silk yarn and yarn spun from silk waste in Australia and Oceania, comprising 62% of total imports. The second position in the ranking was taken by Kiribati ($X), with a 26% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia totaled +5.0%. The remaining importing countries recorded the following average annual rates of imports growth: Kiribati (+274.9% per year) and New Zealand (-7.4% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, falling by -71.6% against the previous year. In general, the import price continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2020 an increase of 40%. As a result, import price attained the peak level of $X per ton, and then declined dramatically in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per ton), while Kiribati ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+2.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

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