Australia and Oceania: Plaster Market 2024

Plaster Market Size in Australia and Oceania

The plaster market in Australia and Oceania was estimated at $X in 2022, with an increase of 8.1% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -10.3% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Plaster Production in Australia and Oceania

In value terms, plaster production reached $X in 2022 estimated in export price. Overall, production saw a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 63% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Plaster Exports

Exports in Australia and Oceania

In 2022, overseas shipments of plaster increased by 64% to X tons, rising for the third consecutive year after two years of decline. Total exports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.6% 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 +92.1% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, plaster exports surged to $X in 2022. Total exports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +79.6% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

New Zealand represented the largest exporting country with an export of about X tons, which resulted at 85% of total exports. It was distantly followed by Australia (X tons), making up a 15% share of total exports.

New Zealand experienced a relatively flat trend pattern with regard to volume of exports of plaster. At the same time, Australia (+7.2%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +7.2% from 2012-2022. While the share of Australia (+6.3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (-5.8 p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) remains the largest plaster supplier in Australia and Oceania, comprising 78% of total exports. The second position in the ranking was held by Australia ($X), with a 22% share of total exports.

In New Zealand, plaster exports expanded at an average annual rate of +3.8% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, falling by -5.7% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2013 an increase of 22%. Over the period under review, the export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 New Zealand (+2.8%).

Plaster Imports

Imports in Australia and Oceania

In 2022, imports of plaster in Australia and Oceania dropped to X tons, waning by -5.5% compared with 2021. Overall, imports showed a pronounced reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 32%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, plaster imports shrank to $X in 2022. Over the period under review, imports saw a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia dominates imports structure, amounting to X tons, which was approx. 83% of total imports in 2022. It was distantly followed by New Caledonia (X tons), committing a 7.3% share of total imports. The following importers - French Polynesia (X tons), Papua New Guinea (X tons) and New Zealand (X tons) - together made up 9.3% of total imports.

Imports into Australia increased at an average annual rate of +2.6% from 2012 to 2022. At the same time, French Polynesia (+10.4%) displayed positive paces of growth. Moreover, French Polynesia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +10.4% from 2012-2022. New Caledonia experienced a relatively flat trend pattern. By contrast, Papua New Guinea (-14.1%) and New Zealand (-28.9%) illustrated a downward trend over the same period. While the share of Australia (+43 p.p.), French Polynesia (+3.2 p.p.) and New Caledonia (+2.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Papua New Guinea (-4.7 p.p.) and New Zealand (-44.2 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported plaster in Australia and Oceania, comprising 78% of total imports. The second position in the ranking was taken by New Zealand ($X), with an 8.3% share of total imports. It was followed by New Caledonia, with a 6.6% share.

In Australia, plaster imports expanded at an average annual rate of +2.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (-22.1% per year) and New Caledonia (-0.9% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, remaining constant against the previous year. In general, the import price showed a mild setback. The most prominent rate of growth was recorded in 2014 when the import price increased by 24%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while French Polynesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+9.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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