Australia and Oceania: Polyamide Market 2024

Polyamide Market Size in Australia and Oceania

In 2021, the polyamide market in Australia and Oceania was finally on the rise to reach $X after two years of decline. Overall, consumption, however, recorded a noticeable downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Polyamide Production in Australia and Oceania

In value terms, polyamide production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production recorded a perceptible decline. The most prominent rate of growth was recorded in 2018 with an increase of 24%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Polyamide Exports

Exports in Australia and Oceania

In 2021, polyamide exports in Australia and Oceania was estimated at X tons, approximately mirroring the previous year. Over the period under review, exports continue to indicate a slight increase. The pace of growth was the most pronounced in 2020 with an increase of 378% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, polyamide exports shrank to $X in 2021. In general, exports, however, recorded a mild decline. The most prominent rate of growth was recorded in 2020 with an increase of 310% against the previous year. Over the period under review, the exports hit record highs 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, resulting at X tons, which was near 89% of total exports in 2021. It was distantly followed by New Zealand (X tons), committing an 8.8% share of total exports. Fiji (X tons) took a minor share of total exports.

Exports from Australia increased at an average annual rate of +6.4% from 2012 to 2021. At the same time, Fiji (+66.7%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +66.7% from 2012-2021. By contrast, New Zealand (-14.9%) illustrated a downward trend over the same period. Australia (+32 p.p.) and Fiji (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by -33.5% from 2012 to 2021, respectively.

In value terms, Australia ($X) remains the largest polyamide supplier in Australia and Oceania, comprising 85% of total exports. The second position in the ranking was held by New Zealand ($X), with a 13% share of total exports.

In Australia, polyamide exports remained relatively stable over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (-10.8% per year) and Fiji (+78.8% per year).

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, shrinking by -12% against the previous year. Overall, the export price saw a perceptible curtailment. The pace of growth was the most pronounced in 2015 an increase of 49% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia ($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 (+7.2%), while the other leaders experienced mixed trends in the export price figures.

Polyamide Imports

Imports in Australia and Oceania

In 2021, purchases abroad of polyamides (in primary forms) was finally on the rise to reach X tons after three years of decline. Overall, imports, however, recorded a pronounced contraction. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, polyamide imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a noticeable shrinkage. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Australia was the major importer of polyamides (in primary forms) in Australia and Oceania, with the volume of imports amounting to X tons, which was approx. 66% of total imports in 2021. It was distantly followed by New Zealand (X tons), generating a 33% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by New Zealand (with a CAGR of +2.0%).

In value terms, Australia ($X) constitutes the largest market for imported polyamides (in primary forms) in Australia and Oceania, comprising 70% of total imports. The second position in the ranking was held by New Zealand ($X), with a 30% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia amounted to -3.9%.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, surging by 18% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2019; afterwards, it flattened through to 2021.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, 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 (+0.9%).

Source: IndexBox Platform

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