Australia and Oceania: Market for Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium 2024

Market Size for Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium in Australia and Oceania

In 2021, the aqueous paint and varnish market in Australia and Oceania was finally on the rise to reach $X after two years of decline. In general, consumption, however, continues to indicate 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 somewhat lower figure.

Production of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium in Australia and Oceania

In value terms, aqueous paint and varnish production rose slightly to $X in 2021 estimated in export price. Overall, production saw a mild curtailment. The growth pace was the most rapid in 2018 when the production volume increased by 24% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium

Exports in Australia and Oceania

In 2021, shipments abroad of paints and varnishes dispersed or dissolved in an aqueous medium increased by 34% to X tons, rising for the second year in a row after two years of decline. Total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +69.2% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 35% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, aqueous paint and varnish exports skyrocketed to $X in 2021. Total exports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +76.7% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Australia (X tons) was the main exporter of paints and varnishes dispersed or dissolved in an aqueous medium, generating 68% of total exports. It was distantly followed by New Zealand (X tons), generating a 31% share of total exports.

Australia was also the fastest-growing in terms of the paints and varnishes dispersed or dissolved in an aqueous medium exports, with a CAGR of +5.1% from 2012 to 2021. At the same time, New Zealand (+4.4%) displayed positive paces of growth. From 2012 to 2021, the share of New Zealand decreased by -1.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest aqueous paint and varnish supplying countries in Australia and Oceania were Australia ($X) and New Zealand ($X).

New Zealand, with a CAGR of +10.3%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, increasing by 16% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 18%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+5.6%).

Imports of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium

Imports in Australia and Oceania

In 2021, supplies from abroad of paints and varnishes dispersed or dissolved in an aqueous medium was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +8.5% over the last nine years. The trend pattern, however, 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.

In value terms, aqueous paint and varnish imports soared to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +8.7% over the last nine-year period. The trend pattern, however, 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 (X tons) and New Zealand (X tons) dominates imports structure, together making up 72% of total imports. French Polynesia (X tons) ranks next in terms of the total imports with an 8% share, followed by New Caledonia (7.5%) and Papua New Guinea (7.4%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by French Polynesia (with a CAGR of +19.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), New Zealand ($X) and New Caledonia ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 82% share of total imports. These countries were followed by French Polynesia and Papua New Guinea, which together accounted for a further 14%.

In terms of the main importing countries, French Polynesia, with a CAGR of +19.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, surging by 4.8% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 13%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in New Caledonia ($X per ton) and Australia ($X per ton), while Papua New Guinea ($X per ton) and New Zealand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Caledonia (+1.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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