Australia and Oceania: Twine And Cordage Market 2024

Twine And Cordage Market Size in Australia and Oceania

In 2023, the twine and cordage market in Australia and Oceania decreased by X% to $X, falling for the third consecutive year after two years of growth. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2023, consumption failed to regain momentum.

Twine And Cordage Production in Australia and Oceania

In value terms, twine and cordage production fell dramatically to $X in 2023 estimated in export price. Overall, production recorded a deep setback. The growth pace was the most rapid in 2020 when the production volume increased by X%. The level of production peaked at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

Twine And Cordage Exports

Exports in Australia and Oceania

In 2023, approx. X tons of twine, cordage, rope and cables were exported in Australia and Oceania; reducing by X% compared with 2022 figures. Over the period under review, exports saw a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, twine and cordage exports fell to $X in 2023. Overall, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

New Zealand was the major exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by Australia (X tons), mixing up a X% share of total exports. Fiji (X tons) took a minor share of total exports.

From 2012 to 2023, the biggest increases were recorded for Fiji (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest twine and cordage supplying countries in Australia and Oceania were New Zealand ($X), Australia ($X) and Fiji ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Fiji, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2023, picking up by X% against the previous year. Export price indicated a measured increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, twine and cordage export price decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2021; however, from 2022 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while Fiji ($X per ton) was amongst the lowest.

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

Twine And Cordage Imports

Imports in Australia and Oceania

In 2023, purchases abroad of twine, cordage, rope and cables decreased by X% to X tons, falling for the third consecutive year after two years of growth. 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 2015 with an increase of X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, twine and cordage imports reduced to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Australia (X tons) represented the main importer of twine, cordage, rope and cables, achieving X% of total imports. It was distantly followed by New Zealand (X tons), creating a X% share of total imports. Papua New Guinea (X tons) and Marshall Islands (X tons) held a little share of total imports.

From 2012 to 2023, average annual rates of growth with regard to twine and cordage imports into Australia stood at X%. At the same time, Marshall Islands (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. New Zealand experienced a relatively flat trend pattern. By contrast, Papua New Guinea (X%) illustrated a downward trend over the same period. While the share of Marshall Islands (X p.p.) and Australia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of New Zealand (X p.p.) and Papua New Guinea (X p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported twine, cordage, rope and cables in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports. It was followed by Papua New Guinea, with a X% share.

In Australia, twine and cordage 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 Papua New Guinea (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2023, which is down by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2022, and then contracted in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Marshall Islands ($X per ton) and New Zealand ($X per ton), while Papua New Guinea ($X per ton) and Australia ($X per ton) were 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