Price for Woven Fabrics of Artificial Staple Fibres in Australia - 2023
Contents:
- Price for Woven Fabrics of Artificial Staple Fibres in Australia (CIF) - 2023
- Price for Woven Fabrics of Artificial Staple Fibres in Australia (FOB) - 2022
- Imports of Woven Fabrics of Artificial Staple Fibres in Australia
- Exports of Woven Fabrics of Artificial Staple Fibres in Australia
Price for Woven Fabrics of Artificial Staple Fibres in Australia (CIF) - 2023
In November 2023, the average import price for woven fabrics of artificial staple fibres amounted to $3.8 per square meter, with a decrease of -27.3% against the previous month. Overall, the import price, however, enjoyed a measured expansion. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 2,056% month-to-month. As a result, import price attained the peak level of $52.2 per square meter. From April 2023 to November 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Guinea ($3.0 per square meter), while the price for China ($1.8 per square meter) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Italy (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Woven Fabrics of Artificial Staple Fibres in Australia (FOB) - 2022
The average export price for woven fabrics of artificial staple fibres stood at $19 per square meter in 2022, waning by -22.5% against the previous year. Overall, the export price continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 46% against the previous year. As a result, the export price reached the peak level of $40 per square meter. From 2018 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($30 per square meter), while the average price for exports to Vietnam ($11 per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Woven Fabrics of Artificial Staple Fibres in Australia
For the third year in a row, Australia recorded decline in purchases abroad of woven fabrics of artificial staple fibres, which decreased by -6.4% to 334K square meters in 2022. Overall, imports continue to indicate a abrupt curtailment. The smallest decline of -4.5% was in 2021. Over the period under review, imports of hit record highs at 426K square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of woven fabrics of artificial staple fibres reduced to $4.7M in 2022. Over the period under review, imports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 6.1% against the previous year. Imports peaked at $5.9M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Woven Fabrics of Artificial Staple Fibres in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,926 | 1,636 | 1,520 | 1,803 | -2.2% |
| Italy | 1,021 | 732 | 1,442 | 875 | -5.0% |
| Spain | 1,003 | 1,277 | 782 | 689 | -11.8% |
| India | 395 | 175 | 209 | 372 | -2.0% |
| South Korea | 634 | 414 | 287 | 298 | -22.2% |
| Turkey | 264 | 150 | 298 | 191 | -10.2% |
| Taiwan (Chinese) | 136 | 80.9 | 89.5 | 140 | 1.0% |
| Others | 483 | 337 | 470 | 308 | -13.9% |
| Total | 5,861 | 4,803 | 5,097 | 4,677 | -7.2% |
Top Suppliers of Woven Fabrics of Artificial Staple Fibres to Australia in 2022:
- China (136.3K square meters)
- Italy (54.0K square meters)
- Spain (51.4K square meters)
- India (23.7K square meters)
- South Korea (22.7K square meters)
- Turkey (14.0K square meters)
- Taiwan (Chinese) (10.5K square meters)
Exports of Woven Fabrics of Artificial Staple Fibres in Australia
In 2022, approx. 36K square meters of woven fabrics of artificial staple fibres were exported from Australia; with a decrease of -12.8% on 2021 figures. In general, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2021 when exports increased by 13%. Over the period under review, the exports of attained the peak figure at 48K square meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of woven fabrics of artificial staple fibres reduced remarkably to $686K in 2022. Overall, exports faced a abrupt slump. The pace of growth appeared the most rapid in 2021 when exports increased by 20%. The exports peaked at $1.3M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Woven Fabrics of Artificial Staple Fibres in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 33.4 | 25.4 | 123 | 431 | 134.6% |
| New Zealand | 105 | 138 | 150 | 126 | 6.3% |
| Indonesia | 140 | 112 | 36.6 | 28.4 | -41.2% |
| Hong Kong SAR | 50.1 | 19.4 | N/A | 22.6 | -23.3% |
| Philippines | 99.8 | 36.8 | 24.2 | 17.5 | -44.0% |
| United Kingdom | 11.7 | 2.5 | 1.7 | 16.9 | 13.0% |
| Fiji | 41.6 | 171 | 316 | 12.2 | -33.6% |
| China | 57.1 | 21.2 | N/A | 11.1 | -42.1% |
| Vietnam | 255 | 68.3 | 0.4 | 1.8 | -80.8% |
| Singapore | 64.3 | 22.1 | N/A | 1.1 | -74.2% |
| United Arab Emirates | 349 | 173 | 348 | N/A | -0.1% |
| Others | 49.6 | 58.3 | 15.1 | 17.0 | -30.0% |
| Total | 1,256 | 847 | 1,015 | 686 | -18.3% |
Top Export Markets for Woven Fabrics of Artificial Staple Fibres from Australia in 2022:
- United States (21.4K square meters)
- New Zealand (7.8K square meters)
- Indonesia (1.6K square meters)
- Hong Kong SAR (1.6K square meters)
- United Kingdom (0.8K square meters)
- Philippines (0.7K square meters)
- China (0.4K square meters)
- Fiji (0.4K square meters)
- Vietnam (0.2K square meters)
- Singapore (0.1K square meters)
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