Australia and Oceania: Alkyd Resins Market 2024

Alkyd Resins Market Size in Australia and Oceania

For the third consecutive year, the alkyd resins market in Australia and Oceania recorded growth in sales value, which increased by 1.2% to $X in 2022. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Alkyd Resins Production in Australia and Oceania

In value terms, alkyd resins production stood at $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 21%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Alkyd Resins Exports

Exports in Australia and Oceania

In 2022, the amount of alkyd resins in primary forms exported in Australia and Oceania declined to X tons, falling by -9.6% on the previous year's figure. Overall, exports, however, showed strong growth. The pace of growth was the most pronounced in 2013 when exports increased by 93%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, alkyd resins exports declined to $X in 2022. Total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +9.5% against 2019 indices. The growth pace was the most rapid in 2013 when exports increased by 79% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia prevails in exports structure, resulting at X tons, which was near 97% of total exports in 2022. New Zealand (X tons) held a little share of total exports.

Australia was also the fastest-growing in terms of the alkyd resins in primary forms exports, with a CAGR of +13.1% from 2012 to 2022. New Zealand (-12.0%) illustrated a downward trend over the same period. While the share of Australia (+24 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (-23.9 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest alkyd resins supplier in Australia and Oceania, comprising 98% of total exports. The second position in the ranking was held by New Zealand ($X), with a 2.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia stood at +11.4%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, surging by 4.6% against the previous year. Over the period under review, the export price, however, saw a slight setback. The growth pace was the most rapid in 2021 when the export price increased by 13%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (-1.6%).

Alkyd Resins Imports

Imports in Australia and Oceania

In 2022, purchases abroad of alkyd resins in primary forms decreased by -5.9% to X tons for the first time since 2018, thus ending a three-year rising trend. Total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +23.4% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 108% against the previous year. The volume of import peaked at X tons in 2021, and then dropped in the following year.

In value terms, alkyd resins imports surged to $X in 2022. Total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.7% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 109%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

New Zealand (X tons) and Australia (X tons) prevails in imports structure, together achieving 91% of total imports. It was distantly followed by Papua New Guinea (X tons), constituting a 5.2% share of total imports. French Polynesia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by New Zealand (with a CAGR of +19.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), New Zealand ($X) and Papua New Guinea ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 96% of total imports.

New Zealand, with a CAGR of +19.2%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, increasing by 25% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Australia ($X per ton) and New Zealand ($X per ton), while Papua New Guinea ($X per ton) and French Polynesia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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