Australia and Oceania: Plaster Article Market 2024

Plaster Article Market Size in Australia and Oceania

In 2021, after two years of growth, there was decline in the plaster article market in Australia and Oceania, when its value decreased by -0.4% to $X. Over the period under review, consumption, however, showed a abrupt downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Plaster Article Production in Australia and Oceania

In value terms, plaster article production shrank slightly to $X in 2021 estimated in export price. In general, production, however, showed a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of 52% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Plaster Article Exports

Exports in Australia and Oceania

In 2021, after two years of decline, there was significant growth in shipments abroad of articles of plaster or of compositions based on plaster, when their volume increased by 83% to X tons. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, plaster article exports surged to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia was the largest exporting country with an export of about X tons, which amounted to 60% of total exports. It was distantly followed by New Zealand (X tons), achieving a 40% share of total exports.

From 2012 to 2021, the biggest increases were in Australia (with a CAGR of +9.9%).

In value terms, Australia ($X) remains the largest plaster article supplier in Australia and Oceania, comprising 74% of total exports. The second position in the ranking was held by New Zealand ($X), with a 25% share of total exports.

In Australia, plaster article exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, growing by 21% against the previous year. Overall, the export price, however, recorded a drastic downturn. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: 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 New Zealand (-5.2%).

Plaster Article Imports

Imports in Australia and Oceania

In 2021, after two years of decline, there was significant growth in purchases abroad of articles of plaster or of compositions based on plaster, when their volume increased by 33% to X tons. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +9.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 36%. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, plaster article imports soared to $X in 2021. The total import value increased at an average annual rate of +6.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

New Zealand (X tons) and Australia (X tons) dominates imports structure, together comprising 78% of total imports. New Caledonia (X tons) took the next position in the ranking, followed by Papua New Guinea (X tons). All these countries together took near 12% share of total imports. French Polynesia (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by New Zealand (with a CAGR of +13.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plaster article importing markets in Australia and Oceania were New Zealand ($X), Australia ($X) and Papua New Guinea ($X), together comprising 84% of total imports.

Among the main importing countries, Papua New Guinea, with a CAGR of +8.9%, recorded the highest rates of growth with regard to 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

In 2021, the import price in Australia and Oceania amounted to $X per ton, remaining constant against the previous year. In general, the import price, however, showed a pronounced decrease. The pace of growth appeared the most rapid in 2020 an increase of 6.5% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Papua New Guinea ($X per ton), while New Caledonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+1.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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