Australia and Oceania: Plastic Bag Market 2024

Plastic Bag Market Size in Australia and Oceania

In 2022, the plastic bag market in Australia and Oceania increased by 4.5% to $X, rising for the second year in a row after four years of decline. The market value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Plastic Bag Production in Australia and Oceania

In value terms, plastic bag production fell to $X in 2022 estimated in export price. Overall, production saw a abrupt descent. The most prominent rate of growth was recorded in 2016 when the production volume increased by 105% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Plastic Bag Exports

Exports in Australia and Oceania

Plastic bag exports rose remarkably to X tons in 2022, with an increase of 10% on 2021 figures. Over the period under review, exports, however, saw a pronounced slump. The pace of growth was the most pronounced in 2017 with an increase of 25%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, plastic bag exports expanded significantly to $X in 2022. Overall, exports, however, showed a perceptible descent. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, New Zealand (X tons) represented the main exporter of plastic sacks and bags, making up 60% of total exports. It was distantly followed by Australia (X tons), committing a 37% share of total exports. Fiji (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Fiji (with a CAGR of +6.6%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, New Zealand ($X), Australia ($X) and Fiji ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 100% share of total exports.

Australia, with a CAGR of +1.1%, 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 mixed trends in the exports figures.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, rising by 3% against the previous year. Over the period under review, the export price, however, saw a mild setback. The pace of growth appeared the most rapid in 2018 an increase of 8.7%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+1.3%), while the other leaders experienced a decline in the export price figures.

Plastic Bag Imports

Imports in Australia and Oceania

In 2022, supplies from abroad of plastic sacks and bags increased by 3.8% to X tons, rising for the third year in a row after two years of decline. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 9.7% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, plastic bag imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of +4.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 17%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Australia represented the largest importer of plastic sacks and bags in Australia and Oceania, with the volume of imports resulting at X tons, which was near 87% of total imports in 2022. It was distantly followed by New Zealand (X tons), creating an 11% share of total imports.

Australia was also the fastest-growing in terms of the plastic sacks and bags imports, with a CAGR of +2.7% from 2012 to 2022. New Zealand experienced a relatively flat trend pattern. While the share of Australia (+2.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of New Zealand (-2.3 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported plastic sacks and bags in Australia and Oceania, comprising 82% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 15% share of total imports.

In Australia, plastic bag imports increased at an average annual rate of +4.5% over the period from 2012-2022.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, growing by 9.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+3.2%).

Source: IndexBox Platform

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