Australia and Oceania: Plastic Furniture Market 2024

Plastic Furniture Market Size in Australia and Oceania

The plastic furniture market in Australia and Oceania surged to $X in 2021, with an increase of 39% against the previous year. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Plastic Furniture Production in Australia and Oceania

In value terms, plastic furniture production skyrocketed to $X in 2021 estimated in export price. In general, production enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 68% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Plastic Furniture Exports

Exports in Australia and Oceania

In 2021, approx. X units of furniture of plastic were exported in Australia and Oceania; with an increase of 12% against 2020. Over the period under review, exports, however, recorded a deep reduction. The growth pace was the most rapid in 2018 with an increase of 41% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, plastic furniture exports skyrocketed to $X in 2021. In general, exports, however, showed a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 27% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Australia represented the largest exporting country with an export of about X units, which recorded 77% of total exports. It was distantly followed by New Zealand (X units), constituting a 20% share of total exports.

Australia was also the fastest-growing in terms of the furniture of plastic exports, with a CAGR of -5.8% from 2012 to 2021. New Zealand (-12.0%) illustrated a downward trend over the same period. Australia (+11 p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by -12.1% from 2012 to 2021, respectively.

In value terms, Australia ($X) remains the largest plastic furniture supplier in Australia and Oceania, comprising 78% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 21% share of total exports.

In Australia, plastic furniture exports contracted by an average annual rate of -4.4% over the period from 2012-2021.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2021, rising by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2017 when the export price increased by 25%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+5.5%).

Plastic Furniture Imports

Imports in Australia and Oceania

In 2021, purchases abroad of furniture of plastic was finally on the rise to reach X units after three years of decline. Overall, imports, however, recorded a perceptible contraction. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, plastic furniture imports surged to $X in 2021. The total import value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia was the largest importer of furniture of plastic in Australia and Oceania, with the volume of imports recording X units, which was approx. 80% of total imports in 2021. It was distantly followed by New Zealand (X units), comprising a 13% share of total imports. Papua New Guinea (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to plastic furniture imports into Australia stood at -3.7%. At the same time, Papua New Guinea (+6.8%) and New Zealand (+3.8%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +6.8% from 2012-2021. While the share of New Zealand (+5.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Australia (-8.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported furniture of plastic in Australia and Oceania, comprising 81% of total imports. The second position in the ranking was held by New Zealand ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Australia stood at +2.1%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+2.7% per year) and Papua New Guinea (+4.5% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2021, increasing by 12% against the previous year. Import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, plastic furniture import price increased by +6.8% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of 45%. Over the period under review, import prices reached the peak figure in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+6.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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