Australia: Tufted Textile Fabric Market 2024

Tufted Textile Fabric Market Size in Australia

In 2022, the Australian tufted textile fabric market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption saw a tangible increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Tufted Textile Fabric Production in Australia

In value terms, tufted textile fabric production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Tufted Textile Fabric Exports

Exports from Australia

In 2022, overseas shipments of tufted textile fabrics decreased by X% to X square meters, falling for the third consecutive year after two years of growth. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, tufted textile fabric exports contracted markedly to $X in 2022. Over the period under review, exports, however, saw a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

New Zealand (X square meters) was the main destination for tufted textile fabric exports from Australia, accounting for a X% share of total exports. Moreover, tufted textile fabric exports to New Zealand exceeded the volume sent to the second major destination, India (X square meters), twofold. The third position in this ranking was taken by Fiji (X square meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Fiji (X% per year).

In value terms, New Zealand ($X) emerged as the key foreign market for tufted textile fabrics exports from Australia, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports. It was followed by Fiji, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Fiji (X% per year).

Export Prices by Country

In 2022, the average tufted textile fabric export price amounted to $X per square meter, rising by X% against the previous year. In general, the export price, however, recorded a mild decline. The export price peaked at $X per square meter in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Namibia ($X per square meter) and New Zealand ($X per square meter), while the average price for exports to Japan ($X per square meter) and Vietnam ($X per square meter) were amongst the lowest.

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

Tufted Textile Fabric Imports

Imports into Australia

In 2022, approx. X square meters of tufted textile fabrics were imported into Australia; increasing by X% compared with the previous year's figure. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X square meters. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, tufted textile fabric imports soared to $X in 2022. Overall, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the UK (X square meters) constituted the largest supplier of tufted textile fabric to Australia, with a X% share of total imports. Moreover, tufted textile fabric imports from the UK exceeded the figures recorded by the second-largest supplier, China (X square meters), sixfold. The third position in this ranking was taken by Taiwan (Chinese) (X square meters), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, the UK ($X) constituted the largest supplier of tufted textile fabrics to Australia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The average tufted textile fabric import price stood at $X per square meter in 2022, reducing by X% against the previous year. Overall, the import price faced a drastic downturn. The pace of growth appeared the most rapid in 2014 when the average import price increased by X%. The import price peaked at $X per square meter in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Taiwan (Chinese) ($X per square meter) and the UK ($X per square meter), while the price for South Korea ($X per square meter) and China ($X per square meter) were amongst the lowest.

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

Source: IndexBox Platform

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