Australia and Oceania: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in Australia and Oceania

For the sixth year in a row, the plastic household articles market in Australia and Oceania recorded growth in sales value, which increased by 7.6% to $X in 2022. In general, consumption showed a prominent increase. The level of consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Plastic Household Articles Production in Australia and Oceania

In value terms, plastic household articles production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 25% against the previous year. The level of production peaked at $X in 2021, and then reduced in the following year.

Plastic Household Articles Exports

Exports in Australia and Oceania

For the third consecutive year, Australia and Oceania recorded growth in shipments abroad of household articles and toilet articles of plastics, which increased by 27% to X tons in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 33%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, plastic household articles exports soared to $X in 2022. In general, exports posted a prominent expansion. The pace of growth was the most pronounced in 2018 when exports increased by 29%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

New Zealand represented the largest exporting country with an export of about X tons, which finished at 71% of total exports. It was distantly followed by Australia (X tons), creating a 28% share of total exports.

New Zealand was also the fastest-growing in terms of the household articles and toilet articles of plastics exports, with a CAGR of +13.5% from 2012 to 2022. Australia (-9.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of New Zealand increased by +51 percentage points.

In value terms, New Zealand ($X) and Australia ($X) appeared to be the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, New Zealand, with a CAGR of +13.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, which is down by -8.3% against the previous year. Export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the export price increased by 58%. The level of export peaked at $X per ton in 2021, and then contracted in the following year.

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 amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+10.1%).

Plastic Household Articles Imports

Imports in Australia and Oceania

In 2022, the amount of household articles and toilet articles of plastics imported in Australia and Oceania expanded significantly to X tons, rising by 5.4% compared with 2021 figures. The total import volume increased at an average annual rate of +5.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 19% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, plastic household articles imports rose notably to $X in 2022. Overall, imports enjoyed a resilient expansion. The growth pace was the most rapid in 2021 when imports increased by 25%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Australia was the largest importing country with an import of about X tons, which reached 83% of total imports. It was distantly followed by New Zealand (X tons), constituting an 11% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to plastic household articles imports into Australia stood at +5.1%. At the same time, New Zealand (+6.4%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +6.4% from 2012-2022. While the share of Australia (-2.6 p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported household articles and toilet articles of plastics in Australia and Oceania, comprising 87% of total imports. The second position in the ranking was held by New Zealand ($X), with an 8.2% share of total imports.

In Australia, plastic household articles imports increased at an average annual rate of +10.0% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, increasing by 4.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. The growth pace was the most rapid in 2018 when the import price increased by 18% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+4.7%).

Source: IndexBox Platform

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