Australia and Oceania: Silk Fabric Market 2024

Silk Fabric Market Size in Australia and Oceania

The silk fabric market in Australia and Oceania dropped to $X in 2022, approximately mirroring the previous year. Overall, consumption, however, enjoyed a resilient increase. The level of consumption peaked at $X in 2021, and then declined slightly in the following year.

Silk Fabric Production in Australia and Oceania

In value terms, silk fabric production contracted modestly to $X in 2022 estimated in export price. In general, production, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Silk Fabric Exports

Exports in Australia and Oceania

For the seventh year in a row, Australia and Oceania recorded decline in overseas shipments of woven fabrics of silk or of silk waste, which decreased by X% to X square meters in 2022. Overall, exports recorded a precipitous setback. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X square meters in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, silk fabric exports stood at $X in 2022. In general, exports showed a deep contraction. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Fiji was the major exporting country with an export of around X square meters, which finished at X% of total exports. Australia (X square meters) ranks second in terms of the total exports with a X% share, followed by New Zealand (X%).

Fiji was also the fastest-growing in terms of the woven fabrics of silk or of silk waste exports, with a CAGR of X% from 2012 to 2022. New Zealand (X%) and Australia (X%) illustrated a downward trend over the same period. Fiji (X p.p.) significantly strengthened its position in terms of the total exports, while New Zealand and Australia saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the largest silk fabric supplying countries in Australia and Oceania were Australia ($X), New Zealand ($X) and Fiji ($X), together accounting for X% of total exports.

Fiji, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries 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 square meter in 2022, with an increase of X% against the previous year. In general, the export price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per square meter), while Fiji ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced mixed trends in the export price figures.

Silk Fabric Imports

Imports in Australia and Oceania

In 2022, silk fabric imports in Australia and Oceania fell remarkably to X square meters, dropping by X% against 2021 figures. In general, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked at X square meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, silk fabric imports declined to $X in 2022. Overall, imports saw a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Australia (X square meters) represented the largest importer of woven fabrics of silk or of silk waste, making up X% of total imports. Fiji (X square meters) took a X% share (based on physical terms) of total imports, which put it in second place, followed by New Zealand (X%). The following importers - Papua New Guinea (X square meters) and Micronesia (X square meters) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to silk fabric imports into Australia stood at X%. At the same time, Micronesia (X%), Fiji (X%) and Papua New Guinea (X%) displayed positive paces of growth. Moreover, Micronesia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, New Zealand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Fiji, Papua New Guinea and Micronesia increased by X, X and X percentage points, respectively.

In value terms, Australia ($X) constitutes the largest market for imported woven fabrics of silk or of silk waste in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with an X% share of total imports. It was followed by Papua New Guinea, with a X% share.

In Australia, silk fabric imports contracted by an average annual rate of X% over the period from 2012-2022. 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 square meter in 2022, with an increase of X% against the previous year. Import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, silk fabric import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per square meter in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per square meter), while Fiji ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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