Australia and Oceania: Expansible Polystyrene Market 2024

Expansible Polystyrene Market Size in Australia and Oceania

The expansible polystyrene market in Australia and Oceania surged to $X in 2021, jumping by 57% against the previous year. The total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +192.4% against 2018 indices. Over the period under review, the market reached the peak level in 2021 and is likely to see gradual growth in years to come.

Expansible Polystyrene Production in Australia and Oceania

In value terms, expansible polystyrene production stood at $X in 2021 estimated in export price. Over the period under review, production enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 82%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Expansible Polystyrene Exports

Exports in Australia and Oceania

In 2021, exports of expansible polystyrene in primary forms in Australia and Oceania skyrocketed to X tons, jumping by 79% against the previous year. Overall, exports enjoyed moderate growth. The most prominent rate of growth was recorded in 2016 when exports increased by 827% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, expansible polystyrene exports soared to $X in 2021. Over the period under review, exports showed prominent growth. The pace of growth was the most pronounced in 2016 when exports increased by 817%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Australia represented the largest exporter of expansible polystyrene in primary forms in Australia and Oceania, with the volume of exports finishing at X tons, which was near 64% of total exports in 2021. It was distantly followed by New Zealand (X tons), creating a 36% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by New Zealand (with a CAGR of +14.0%).

In value terms, Australia ($X) remains the largest expansible polystyrene supplier in Australia and Oceania, comprising 89% of total exports. The second position in the ranking was taken by New Zealand ($X), with an 11% share of total exports.

In Australia, expansible polystyrene exports expanded at an average annual rate of +13.9% over the period from 2012-2021.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, which is down by -24.8% against the previous year. In general, the export price, however, recorded resilient growth. The growth pace was the most rapid in 2020 an increase of 804% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell markedly in the following year.

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 (+15.4%).

Expansible Polystyrene Imports

Imports in Australia and Oceania

In 2021, the amount of expansible polystyrene in primary forms imported in Australia and Oceania skyrocketed to X tons, rising by 87% against the year before. In general, imports showed a temperate expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 2,241% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, expansible polystyrene imports surged to $X in 2021. Over the period under review, imports recorded moderate growth. The most prominent rate of growth was recorded in 2019 when imports increased by 3,079% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

Australia was the largest importing country with an import of about X tons, which accounted for 82% of total imports. It was distantly followed by New Zealand (X tons), making up an 18% share of total imports.

Imports into Australia increased at an average annual rate of +3.9% from 2012 to 2021. At the same time, New Zealand (+5.8%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +5.8% from 2012-2021. While the share of New Zealand (+2.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Australia (-2.2 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported expansible polystyrene in primary forms in Australia and Oceania, comprising 81% of total imports. The second position in the ranking was held by New Zealand ($X), with a 19% share of total imports.

In Australia, expansible polystyrene imports expanded at an average annual rate of +3.1% over the period from 2012-2021.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, jumping by 41% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (-0.3%).

Source: IndexBox Platform

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