Australia and Oceania: Cotton Fabric Market 2024

Cotton Fabric Exports

Exports in Australia and Oceania

In 2023, cotton fabric exports in Australia and Oceania reduced to X square meters, dropping by X% on 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of X square meters. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, cotton fabric exports fell to $X in 2023. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Australia was the largest exporter of woven fabrics of cotton in Australia and Oceania, with the volume of exports amounting to X square meters, which was near X% of total exports in 2023. New Zealand (X square meters) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Fiji (X%).

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Australia (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest cotton fabric supplying countries in Australia and Oceania were Australia ($X), New Zealand ($X) and Fiji ($X), together accounting for X% of total exports.

Australia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per square meter, shrinking by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2014 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Australia ($X per square meter), while Fiji ($X per square meter) was amongst the lowest.

From 2012 to 2023, 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.

Cotton Fabric Imports

Imports in Australia and Oceania

In 2023, supplies from abroad of woven fabrics of cotton decreased by X% to X square meters for the first time since 2018, thus ending a four-year rising trend. Overall, imports saw a pronounced setback. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The volume of import peaked at X square meters in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

In value terms, cotton fabric imports declined notably to $X in 2023. Over the period under review, imports recorded a noticeable contraction. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

Australia represented the major importer of woven fabrics of cotton in Australia and Oceania, with the volume of imports reaching X square meters, which was near X% of total imports in 2023. It was distantly followed by Fiji (X square meters), Papua New Guinea (X square meters) and New Zealand (X square meters), together achieving a X% share of total imports. French Polynesia (X square meters) and New Caledonia (X square meters) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to cotton fabric imports into Australia stood at X%. At the same time, Papua New Guinea (X%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2023. New Caledonia experienced a relatively flat trend pattern. By contrast, French Polynesia (X%), Fiji (X%) and New Zealand (X%) illustrated a downward trend over the same period. While the share of Papua New Guinea (X p.p.) and Fiji (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of New Zealand (X p.p.) and Australia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Australia totaled X%. In the other countries, the average annual rates were as follows: Fiji (X% per year) and New Zealand (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per square meter in 2023, with an increase of X% against the previous year. Overall, the import price showed a modest expansion. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2019 to 2023, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was New Zealand ($X per square meter), while Papua New Guinea ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform