Australia and Oceania: Market for Nets of Twine, Cordage, Rope or Textile Materials 2024

Exports of Nets of Twine, Cordage, Rope or Textile Materials

Exports in Australia and Oceania

In 2023, the amount of nets of twine, cordage, rope or textile materials exported in Australia and Oceania reduced to X tons, dropping by X% compared with 2022 figures. Overall, exports showed a slight shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2019 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, twine, cordage or textile net exports declined remarkably to $X in 2023. Over the period under review, exports recorded a perceptible decrease. The pace of growth appeared the most rapid in 2022 when exports increased by X%. The level of export peaked at $X in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Australia (X tons) was the key exporter of nets of twine, cordage, rope or textile materials, mixing up X% of total exports. New Zealand (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Micronesia (X%). Tuvalu (X tons) took a minor share of total exports.

From 2012 to 2023, average annual rates of growth with regard to twine, cordage or textile net exports from Australia stood at X%. At the same time, Tuvalu (X%) displayed positive paces of growth. Moreover, Tuvalu emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2023. By contrast, New Zealand (X%) and Micronesia (X%) illustrated a downward trend over the same period. Australia (X p.p.) and Tuvalu (X p.p.) significantly strengthened its position in terms of the total exports, while Micronesia saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest twine, cordage or textile net supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total exports. It was followed by Micronesia, with a X% share.

In Australia, twine, cordage or textile net exports plunged by an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (X% per year) and Micronesia (X% per year).

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per ton, reducing by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of X%. The level of export peaked at $X per ton in 2022, and then reduced markedly in the following year.

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 New Zealand ($X per ton), while Micronesia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Micronesia (X%), while the other leaders experienced a decline in the export price figures.

Imports of Nets of Twine, Cordage, Rope or Textile Materials

Imports in Australia and Oceania

In 2023, after two years of growth, there was significant decline in supplies from abroad of nets of twine, cordage, rope or textile materials, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2023, imports failed to regain momentum.

In value terms, twine, cordage or textile net imports declined dramatically to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2022, and then reduced notably in the following year.

Imports by Country

Australia was the main importing country with an import of about X tons, which recorded X% of total imports. It was distantly followed by New Zealand (X tons), Marshall Islands (X tons) and Papua New Guinea (X tons), together committing a X% share of total imports. The following importers - Micronesia (X tons), American Samoa (X tons) and Fiji (X tons) - together made up X% of total imports.

Australia experienced a relatively flat trend pattern with regard to volume of imports of nets of twine, cordage, rope or textile materials. At the same time, Marshall Islands (X%), Fiji (X%), Papua New Guinea (X%) and New Zealand (X%) displayed positive paces of growth. Moreover, Marshall Islands emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2023. American Samoa experienced a relatively flat trend pattern. By contrast, Micronesia (X%) illustrated a downward trend over the same period. Marshall Islands (X p.p.), New Zealand (X p.p.) and Papua New Guinea (X p.p.) significantly strengthened its position in terms of the total imports, while Micronesia and Australia saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported nets of twine, cordage, rope or textile materials in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports. It was followed by Marshall Islands, with a X% share.

In Australia, twine, cordage or textile net imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Marshall Islands (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2023, remaining relatively unchanged against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 an increase of X%. The level of import peaked in 2023 and is expected to retain growth in the near future.

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