Australia and Oceania: Market for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) 2024

Exports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Exports in Australia and Oceania

In 2021, shipments abroad of acrylic polymers, in primary forms (excluding polymethyl methacrylate) decreased by -12.5% to X tons, falling for the second consecutive year after two years of growth. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 45% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) expanded sharply to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 39%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Australia was the main exporting country with an export of about X tons, which finished at 78% of total exports. It was distantly followed by New Zealand (X tons), achieving a 22% share of total exports.

Exports from Australia decreased at an average annual rate of -1.2% from 2012 to 2021. New Zealand experienced a relatively flat trend pattern. From 2012 to 2021, the share of New Zealand increased by +3 percentage points.

In value terms, Australia ($X) remains the largest acrylic polymers, in primary forms (excluding polymethyl methacrylate) supplier in Australia and Oceania, comprising 84% of total exports. The second position in the ranking was held by New Zealand ($X), with a 16% share of total exports.

In Australia, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) remained relatively stable over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, growing by 30% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Australia (+0.9%).

Imports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Imports in Australia and Oceania

In 2021, supplies from abroad of acrylic polymers, in primary forms (excluding polymethyl methacrylate) was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 29%. Over the period under review, imports of reached the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) soared to $X in 2021. The total import value increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Australia (X tons) represented the main importer of acrylic polymers, in primary forms (excluding polymethyl methacrylate), mixing up 79% of total imports. It was distantly followed by New Zealand (X tons), creating a 16% share of total imports. Papua New Guinea (X tons) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to acrylic polymers, in primary forms (excluding polymethyl methacrylate) imports into Australia stood at +5.6%. At the same time, Papua New Guinea (+17.4%) and New Zealand (+6.2%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +17.4% from 2012-2021. Papua New Guinea (+2.2 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -2.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported acrylic polymers, in primary forms (excluding polymethyl methacrylate) in Australia and Oceania, comprising 78% of total imports. The second position in the ranking was held by New Zealand ($X), with a 16% share of total imports.

In Australia, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) increased at an average annual rate of +3.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+4.2% per year) and Papua New Guinea (+13.4% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, increasing by 15% against the previous year. Over the period under review, the import price, however, continues to indicate a mild decrease. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Papua New Guinea ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (-1.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform