Australia and Oceania: Plastic Container Market 2024

Plastic Container Market Size in Australia and Oceania

In 2021, after four years of decline, there was significant growth in the plastic container market in Australia and Oceania, when its value increased by 7.4% to $X. In general, consumption, however, showed a slight decrease. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Plastic Container Production in Australia and Oceania

In value terms, plastic container production reduced to $X in 2021 estimated in export price. Over the period under review, production showed a noticeable decline. The pace of growth appeared the most rapid in 2020 with an increase of 41% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Plastic Container Exports

Exports in Australia and Oceania

For the fourth year in a row, Australia and Oceania recorded decline in overseas shipments of plastic containers, which decreased by -1.9% to X tons in 2021. In general, exports saw a pronounced curtailment. The pace of growth was the most pronounced in 2017 with an increase of 32% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, plastic container exports stood at $X in 2021. Over the period under review, exports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 21% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Australia (X tons) and New Zealand (X tons) dominates exports structure, together achieving 98% of total exports. Fiji (X tons) took a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Fiji (with a CAGR of +1.8%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Australia ($X), New Zealand ($X) and Fiji ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 100% share of total exports.

Fiji, with a CAGR of +5.0%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, with an increase of 7.8% against the previous year. Over the period under review, the export price, however, saw a mild downturn. The pace of growth appeared the most rapid in 2018 an increase of 22% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Fiji (+3.1%), while the other leaders experienced a decline in the export price figures.

Plastic Container Imports

Imports in Australia and Oceania

In 2021, after three years of decline, there was significant growth in purchases abroad of plastic containers, when their volume increased by 17% to X tons. Over the period under review, imports, however, showed a slight setback. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, plastic container imports reached $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 relatively stable, with only minor fluctuations being observed 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 represented the key importing country with an import of about X tons, which accounted for 57% of total imports. New Zealand (X tons) took the second position in the ranking, distantly followed by Papua New Guinea (X tons) and Fiji (X tons). All these countries together took near 40% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to plastic container imports into Australia stood at -4.8%. At the same time, Papua New Guinea (+14.9%), New Zealand (+4.2%) and Fiji (+1.4%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +14.9% from 2012-2021. While the share of New Zealand (+9.2 p.p.) and Papua New Guinea (+8.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Australia (-19.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported plastic containers in Australia and Oceania, comprising 72% of total imports. The second position in the ranking was held by New Zealand ($X), with a 19% share of total imports. It was followed by Papua New Guinea, with a 4.2% share.

In Australia, plastic container imports increased at an average annual rate of +2.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: New Zealand (+6.2% per year) and Papua New Guinea (+11.6% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, shrinking by -5.8% against the previous year. Import price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, plastic container import price increased by +71.4% against 2016 indices. The growth pace was the most rapid in 2020 an increase of 46%. As a result, import price attained the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Australia ($X per ton), while Papua New Guinea ($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 (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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