Australia: Non-Cotton Terry Towelling Market 2024

Non-Cotton Terry Towelling Market Size in Australia

The Australian non-cotton terry towelling market surged to $X in 2023, increasing by X% against the previous year. In general, consumption recorded prominent growth. Over the period under review, the market attained the maximum level in 2023 and is likely to see gradual growth in the near future.

Non-Cotton Terry Towelling Production in Australia

In value terms, non-cotton terry towelling production stood at less than $X in 2023 estimated in export price. Over the period under review, production showed significant growth. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Non-Cotton Terry Towelling Exports

Exports from Australia

In 2023, shipments abroad of terry towelling (excluding of cotton) increased by X% to X square meters, rising for the second year in a row after two years of decline. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. The exports peaked at X square meters in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, non-cotton terry towelling exports surged to $X in 2023. In general, exports recorded a significant increase. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

New Zealand (X square meters) was the main destination for non-cotton terry towelling exports from Australia, with a X% share of total exports. It was followed by the UK (X square meters), with a X% share of total exports. Singapore (X square meters) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to New Zealand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Singapore (X% per year).

In value terms, New Zealand ($X) emerged as the key foreign market for terry towelling (excluding of cotton) exports from Australia, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to New Zealand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Singapore (X% per year).

Export Prices by Country

The average non-cotton terry towelling export price stood at $X per square meter in 2023, rising by X% against the previous year. Over the period under review, the export price, however, saw a abrupt setback. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2014 to 2023, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2023, amid the top suppliers, the highest price was recorded for prices to the UK ($X per square meter) and Singapore ($X per square meter), while the average price for exports to Papua New Guinea ($X per square meter) and New Zealand ($X per square meter) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced a decline.

Non-Cotton Terry Towelling Imports

Imports into Australia

In 2023, non-cotton terry towelling imports into Australia fell to X square meters, dropping by X% on 2022 figures. Over the period under review, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports hit record highs at X square meters in 2022, and then fell in the following year.

In value terms, non-cotton terry towelling imports reduced to $X in 2023. Overall, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2022, and then fell in the following year.

Imports by Country

China (X square meters), Pakistan (X square meters) and the UK (X square meters) were the main suppliers of non-cotton terry towelling imports to Australia, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for the UK (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Pakistan ($X) and the UK ($X) appeared to be the largest non-cotton terry towelling suppliers to Australia, with a combined X% share of total imports.

In terms of the main suppliers, the UK, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-cotton terry towelling import price stood at $X per square meter in 2023, reducing by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2015 to 2023, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from Japan ($X per square meter) and the UK ($X per square meter), while the price for Pakistan ($X per square meter) and Turkey ($X per square meter) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform