Australia: Plaits And Basketwork Market 2024

Plaits And Basketwork Market Size in Australia

In 2022, the Australian plaits and basketwork market increased by X% to $X, rising for the third consecutive year after two years of decline. In general, the total consumption indicated buoyant growth from 2012 to 2022: its value 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. Based on 2022 figures, consumption increased by X% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Plaits And Basketwork Production in Australia

In value terms, plaits and basketwork production shrank to $X in 2022 estimated in export price. Overall, production, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Plaits and basketwork production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Plaits And Basketwork Exports

Exports from Australia

In 2022, exports of plaits, basketwork, wickerwork and similar products of plaiting materials from Australia shrank dramatically to X tons, waning by X% against 2021 figures. Overall, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, plaits and basketwork exports surged to $X in 2022. Over the period under review, exports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 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

Papua New Guinea (X tons) was the main destination for plaits and basketwork exports from Australia, with a X% share of total exports. Moreover, plaits and basketwork exports to Papua New Guinea exceeded the volume sent to the second major destination, New Zealand (X tons), sixfold. Hong Kong SAR (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Papua New Guinea stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (X% per year) and Hong Kong SAR (X% per year).

In value terms, Papua New Guinea ($X) emerged as the key foreign market for plaits, basketwork, wickerwork and similar products of plaiting materials exports from Australia, comprising X% of total exports. The second position in the ranking was held by New Zealand ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Papua New Guinea amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

The average plaits and basketwork export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price enjoyed significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plaits And Basketwork Imports

Imports into Australia

In 2022, purchases abroad of plaits, basketwork, wickerwork and similar products of plaiting materials decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports showed a perceptible reduction. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, plaits and basketwork imports totaled $X in 2022. Overall, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Vietnam (X tons) and Indonesia (X tons) were the main suppliers of plaits and basketwork imports to Australia, with a combined X% share of total imports. India and Bangladesh lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest plaits and basketwork suppliers to Australia were China ($X), Vietnam ($X) and Indonesia ($X), with a combined X% share of total imports. India and Bangladesh lagged somewhat behind, together accounting for a further X%.

Bangladesh, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plaits and basketwork import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price recorded a strong increase. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Bangladesh ($X per ton) and Vietnam ($X per ton), while the price for China ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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