Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Australia - 2023

Contents:

1. Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Australia (CIF) - 2022
2. Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Australia (FOB) - 2022
3. Imports of Wadding; Other Articles Thereof, of Man-Made Fibres in Australia
4. Exports of Wadding; Other Articles Thereof, of Man-Made Fibres in Australia

Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Australia (CIF) - 2022

The average import price for wadding; other articles thereof, of man-made fibreses stood at $10,003 per ton in 2022, with a decrease of -2.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 44%. Over the period under review, average import prices hit record highs at $10,402 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Indonesia ($10,003 per ton) and China ($10,003 per ton), while the price for Vietnam ($10,002 per ton) and Italy ($10,003 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+30.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Australia (FOB) - 2022

In 2022, the average export price for wadding; other articles thereof, of man-made fibreses amounted to $6,094 per ton, shrinking by -47.7% against the previous year. In general, the export price, however, recorded a measured expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 111%. Over the period under review, the average export prices reached the peak figure at $11,652 per ton in 2021, and then fell markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($9,646 per ton), while the average price for exports to Papua New Guinea ($5,200 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 (+7.0%), while the prices for the other major destinations experienced a decline.

Imports of Wadding; Other Articles Thereof, of Man-Made Fibres in Australia

In 2022, after three years of growth, there was significant decline in supplies from abroad of wadding; other articles thereof, of man-made fibreses, when their volume decreased by -56.5% to 412 tons. Over the period under review, imports showed a abrupt setback. The pace of growth was the most pronounced in 2021 when imports increased by 33%. As a result, imports attained the peak of 947 tons, and then dropped significantly in the following year.

In value terms, imports of wadding; other articles thereof, of man-made fibreses dropped rapidly to $4.1M in 2022. In general, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. As a result, imports attained the peak of $9.7M, and then dropped rapidly in the following year.

Top Suppliers of Wadding; Other Articles Thereof, of Man-Made Fibres to Australia in 2022:

1. Indonesia (128.0 tons)
2. China (118.0 tons)
3. United States (44.9 tons)
4. Spain (27.1 tons)
5. New Zealand (20.6 tons)
6. Italy (18.3 tons)
7. United Kingdom (18.0 tons)

Exports of Wadding; Other Articles Thereof, of Man-Made Fibres in Australia

For the third year in a row, Australia recorded decline in shipments abroad of wadding; other articles thereof, of man-made fibreses, which decreased by -18.5% to 8.4 tons in 2022. In general, exports showed a significant contraction.

In value terms, exports of wadding; other articles thereof, of man-made fibreses reduced notably to $51K in 2022. Overall, exports continue to indicate a dramatic contraction. The smallest decline of -19.2% was in 2021.

Top Export Markets for Wadding; Other Articles Thereof, of Man-Made Fibres from Australia in 2022:

1. Papua New Guinea (6.6 tons)
2. New Zealand (1.4 tons)
3. Malaysia (0.4 tons)

Source: IndexBox Market Intelligence Platform