Australia and Oceania: Particle Board Market 2024

Particle Board Market Size in Australia and Oceania

For the third consecutive year, the particle board market in Australia and Oceania recorded growth in sales value, which increased by less than 0.1% to $X in 2022. Overall, consumption continues to indicate a perceptible setback. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Particle Board Production in Australia and Oceania

In value terms, particle board production rose sharply to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt setback. The pace of growth was the most pronounced in 2016 with an increase of 48% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Particle Board Exports

Exports in Australia and Oceania

In 2022, shipments abroad of particle board increased by 15% to X cubic meters, rising for the second consecutive year after three years of decline. Overall, exports, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 16% against the previous year. The volume of export peaked at X cubic meters in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, particle board exports skyrocketed to $X in 2022. In general, exports, however, saw a pronounced contraction. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand represented the key exporter of particle board in Australia and Oceania, with the volume of exports amounting to X cubic meters, which was approx. 86% of total exports in 2022. It was distantly followed by Australia (X cubic meters), achieving a 14% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to particle board exports from New Zealand stood at -2.5%. At the same time, Australia (+17.3%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +17.3% from 2012-2022. While the share of Australia (+12 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (-11.7 p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) remains the largest particle board supplier in Australia and Oceania, comprising 87% of total exports. The second position in the ranking was held by Australia ($X), with a 12% share of total exports.

In New Zealand, particle board exports shrank by an average annual rate of -3.2% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per cubic meter, picking up by 9% against the previous year. In general, the export price, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2020 when the export price increased by 29%. Over the period under review, the export prices hit record highs at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per cubic meter), while Australia stood at $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (-0.7%).

Particle Board Imports

Imports in Australia and Oceania

In 2022, imports of particle board in Australia and Oceania dropped to X cubic meters, approximately mirroring the previous year's figure. Over the period under review, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2018 when imports increased by 35% against the previous year. As a result, imports attained the peak of X cubic meters. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, particle board imports surged to $X in 2022. Overall, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 44% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

In 2022, Australia (X cubic meters) was the largest importer of particle board, creating 66% of total imports. It was distantly followed by New Zealand (X cubic meters), making up a 23% share of total imports. The following importers - New Caledonia (X cubic meters) and French Polynesia (X cubic meters) - each reached an 8.2% share of total imports.

Imports into Australia increased at an average annual rate of +2.7% from 2012 to 2022. At the same time, New Zealand (+38.8%), French Polynesia (+15.5%) and New Caledonia (+5.3%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +38.8% from 2012-2022. New Zealand (+21 p.p.) and French Polynesia (+2.2 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -21.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported particle board in Australia and Oceania, comprising 65% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 25% share of total imports. It was followed by New Caledonia, with a 3.9% share.

In Australia, particle board imports increased at an average annual rate of +6.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (+36.9% per year) and New Caledonia (+1.9% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per cubic meter, growing by 24% against the previous year. Import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, particle board import price increased by +78.7% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in New Zealand ($X per cubic meter) and French Polynesia ($X per cubic meter), while New Caledonia ($X per cubic meter) and Australia ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+3.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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