Australia and Oceania: Market for Plastic Fittings for Tubes, Pipes and Hoses 2024

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports in Australia and Oceania

In 2021, exports of plastic fittings for tubes, pipes and hoses in Australia and Oceania contracted to X tons, approximately mirroring 2020. Over the period under review, exports showed a pronounced curtailment. The pace of growth was the most pronounced in 2016 when exports increased by 9.7% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of plastic fittings for tubes, pipes and hoses skyrocketed to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia was the main exporting country with an export of around X tons, which accounted for 62% of total exports. It was distantly followed by New Zealand (X tons), comprising a 36% share of total exports. Fiji (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Fiji (with a CAGR of +7.3%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Australia ($X), New Zealand ($X) and Fiji ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 100% of total exports.

In terms of the main exporting countries, New Zealand, with a CAGR of +6.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, increasing by 39% against the previous year. Export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for plastic fittings for tubes, pipes and hoses increased by +84.8% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Australia (+5.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports in Australia and Oceania

In 2021, approx. X tons of plastic fittings for tubes, pipes and hoses were imported in Australia and Oceania; growing by 18% against 2020 figures. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +23.2% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 20%. Over the period under review, imports of attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of plastic fittings for tubes, pipes and hoses skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern 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 represented the largest importing country with an import of around X tons, which accounted for 72% of total imports. It was distantly followed by New Zealand (X tons), creating a 20% share of total imports. The following importers - New Caledonia (X tons) and Papua New Guinea (X tons) - each finished at a 3.4% share of total imports.

Imports into Australia increased at an average annual rate of +6.3% from 2012 to 2021. At the same time, New Caledonia (+8.1%) and New Zealand (+5.6%) displayed positive paces of growth. Moreover, New Caledonia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +8.1% from 2012-2021. By contrast, Papua New Guinea (-6.2%) illustrated a downward trend over the same period. Australia (+4.2 p.p.) significantly strengthened its position in terms of the total imports, while Papua New Guinea saw its share reduced by -3.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported plastic fittings for tubes, pipes and hoses in Australia and Oceania, comprising 70% of total imports. The second position in the ranking was held by New Zealand ($X), with a 23% share of total imports. It was followed by New Caledonia, with a 2.5% share.

In Australia, imports of plastic fittings for tubes, pipes and hoses increased at an average annual rate of +3.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: New Zealand (+7.5% per year) and New Caledonia (+7.8% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, surging by 8% against the previous year. In general, the import price, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2013 when the import price increased by 12% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was New Caledonia ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+1.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :