Australia and Oceania: Market for Oil And Water Paints And Varnishes 2024

Market Size for Oil And Water Paints And Varnishes in Australia and Oceania

The market for oil and water paints and varnishes in Australia and Oceania shrank to $X in 2021, with a decrease of -10.1% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Oil And Water Paints And Varnishes in Australia and Oceania

In value terms, production of oil and water paints and varnishes contracted to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 35%. As a result, production reached the peak level of $X. From 2019 to 2021, production of growth remained at a lower figure.

Exports of Oil And Water Paints And Varnishes

Exports in Australia and Oceania

In 2021, overseas shipments of oil and water paints and varnishes were finally on the rise to reach X tons after three years of decline. Over the period under review, exports showed a slight expansion. The pace of growth was the most pronounced in 2016 with an increase of 96%. Over the period under review, the exports of reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, exports of oil and water paints and varnishes surged to $X in 2021. Overall, exports posted tangible growth. Over the period under review, the exports of hit record highs at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

New Zealand was the largest exporter of oil and water paints and varnishes in Australia and Oceania, with the volume of exports finishing at X tons, which was near 68% of total exports in 2021. It was distantly followed by Australia (X tons), mixing up a 29% share of total exports. Papua New Guinea (X tons) followed a long way behind the leaders.

Exports from New Zealand increased at an average annual rate of +13.0% from 2012 to 2021. At the same time, Papua New Guinea (+18.3%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +18.3% from 2012-2021. By contrast, Australia (-8.4%) illustrated a downward trend over the same period. New Zealand (+42 p.p.) and Papua New Guinea (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -44% from 2012 to 2021, respectively.

In value terms, New Zealand ($X) remains the largest oil and water paints and varnishes supplier in Australia and Oceania, comprising 72% of total exports. The second position in the ranking was taken by Australia ($X), with a 28% share of total exports.

In New Zealand, exports of oil and water paints and varnishes increased at an average annual rate of +12.0% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Australia (-7.5% per year) and Papua New Guinea (-1.2% per year).

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, increasing by 19% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 26% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+1.0%), while the other leaders experienced a decline in the export price figures.

Imports of Oil And Water Paints And Varnishes

Imports in Australia and Oceania

In 2021, approx. X tons of oil and water paints and varnishes were imported in Australia and Oceania; with an increase of 16% compared with the previous year. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 30% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of oil and water paints and varnishes soared to $X in 2021. The total import value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 20% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Imports by Country

Australia (X tons) and New Zealand (X tons) dominates varnishes structure, together making up 81% of total imports. It was distantly followed by French Polynesia (X tons), mixing up a 6.5% share of total imports. The following importers - Kiribati (X tons), New Caledonia (X tons), Fiji (X tons) and Papua New Guinea (X tons) - each resulted at an 8% share of total imports.

From 2012 to 2021, the biggest increases were recorded for French Polynesia (with a CAGR of +38.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest oil and water paints and varnishes importing markets in Australia and Oceania were Australia ($X), New Zealand ($X) and French Polynesia ($X), with a combined 89% share of total imports.

French Polynesia, with a CAGR of +35.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2014 when the import price increased by 15%. Over the period under review, import prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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