Australia and Oceania: Lamp Plastic Parts Market 2024

Lamp Plastic Parts Market Size in Australia and Oceania

After three years of growth, the lamp plastic parts market in Australia and Oceania decreased by -1% to $X in 2021. The total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +33.4% against 2017 indices. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Lamp Plastic Parts Production in Australia and Oceania

In value terms, lamp plastic parts production declined slightly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of 114%. The level of production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Lamp Plastic Parts Exports

Exports in Australia and Oceania

Lamp plastic parts exports rose rapidly to X tons in 2021, picking up by 14% against 2020 figures. Over the period under review, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 85% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, lamp plastic parts exports skyrocketed to $X in 2021. Overall, exports, however, showed a slight slump. The most prominent rate of growth was recorded in 2017 with an increase of 51% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia prevails in exports structure, accounting for X tons, which was near 96% of total exports in 2021. New Zealand (X tons) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the plastic parts for lamps and lighting fittings exports, with a CAGR of -8.0% from 2012 to 2021. New Zealand (-24.8%) illustrated a downward trend over the same period. Australia (+14 p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by -14.6% from 2012 to 2021, respectively.

In value terms, Australia ($X) remains the largest lamp plastic parts supplier in Australia and Oceania, comprising 97% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia was relatively modest.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, jumping by 23% against the previous year. Export price indicated a resilient expansion from 2012 to 2021: its price 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. Based on 2021 figures, lamp plastic parts export price increased by +22.1% against 2018 indices. The pace of growth appeared the most rapid in 2015 an increase of 61%. Over the period under review, the export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+8.4%).

Lamp Plastic Parts Imports

Imports in Australia and Oceania

In 2021, approx. X tons of plastic parts for lamps and lighting fittings were imported in Australia and Oceania; picking up by 23% compared with 2020. Over the period under review, imports, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2013 with an increase of 23%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, lamp plastic parts imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by 26% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Australia represented the main importer of plastic parts for lamps and lighting fittings in Australia and Oceania, with the volume of imports accounting for X tons, which was near 85% of total imports in 2021. It was distantly followed by New Zealand (X tons), comprising an 11% share of total imports.

Australia was also the fastest-growing in terms of the plastic parts for lamps and lighting fittings imports, with a CAGR of -2.0% from 2012 to 2021. New Zealand (-12.6%) illustrated a downward trend over the same period. While the share of Australia (+12 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of New Zealand (-14.7 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported plastic parts for lamps and lighting fittings in Australia and Oceania, comprising 86% of total imports. The second position in the ranking was held by New Zealand ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia amounted to +4.9%.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, stabilizing at the previous year. Over the period under review, the import price, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 an increase of 57%. The level of import peaked at $X per ton in 2020, and then reduced modestly in the following year.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+7.1%).

Source: IndexBox Platform

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