Australia and Oceania: Plastic Reservoir Market 2024

Plastic Reservoir Market Size in Australia and Oceania

The plastic reservoir market in Australia and Oceania rose slightly to $X in 2022, with an increase of 2.2% against the previous year. The total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.3% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Plastic Reservoir Production in Australia and Oceania

In value terms, plastic reservoir production rose slightly to $X in 2022 estimated in export price. The total production indicated notable growth from 2012 to 2022: its value 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, production decreased by -3.0% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 37% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Plastic Reservoir Exports

Exports in Australia and Oceania

In 2022, plastic reservoir exports in Australia and Oceania surged to X tons, picking up by 17% against 2021. Over the period under review, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 111%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, plastic reservoir exports surged to $X in 2022. Overall, exports showed a noticeable increase. The most prominent rate of growth was recorded in 2013 when exports increased by 188% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Australia (X tons) represented the largest exporter of plastic reservoirs, tanks and vats, making up 79% of total exports. New Zealand (X tons) ranks second in terms of the total exports with an 11% share, followed by Fiji (7.1%). New Caledonia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to plastic reservoir exports from Australia stood at +9.8%. At the same time, Fiji (+20.2%) and New Caledonia (+10.4%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +20.2% from 2012-2022. By contrast, New Zealand (-5.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Australia and Fiji increased by +18 and +7.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest plastic reservoir supplier in Australia and Oceania, comprising 84% of total exports. The second position in the ranking was held by New Zealand ($X), with a 12% share of total exports. It was followed by Fiji, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to +6.5%. In the other countries, the average annual rates were as follows: New Zealand (-6.4% per year) and Fiji (+12.2% per year).

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, reducing by -1.7% against the previous year. Overall, the export price continues to indicate a perceptible downturn. The pace of growth was the most pronounced in 2013 an increase of 36%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Caledonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (-1.5%), while the other leaders experienced a decline in the export price figures.

Plastic Reservoir Imports

Imports in Australia and Oceania

In 2022, supplies from abroad of plastic reservoirs, tanks and vats decreased by -1.6% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by 62% against the previous year. The volume of import peaked at X tons in 2021, and then fell modestly in the following year.

In value terms, plastic reservoir imports expanded rapidly to $X in 2022. Over the period under review, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 28% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Australia (X tons) and New Zealand (X tons) dominates imports structure, together creating 84% of total imports. It was distantly followed by Papua New Guinea (X tons), mixing up a 4.7% share of total imports. Nauru (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Nauru (with a CAGR of +23.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic reservoir importing markets in Australia and Oceania were Australia ($X), New Zealand ($X) and Papua New Guinea ($X), with a combined 88% share of total imports. Nauru lagged somewhat behind, accounting for a further 1.8%.

Nauru, with a CAGR of +25.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, rising by 12% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 18%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in New Zealand ($X per ton) and Australia ($X per ton), while Papua New Guinea ($X per ton) and Nauru ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+2.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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