Australia and Oceania: Polycarbonate Market 2024

Polycarbonate Market Size in Australia and Oceania

In 2022, the polycarbonate market in Australia and Oceania decreased by -16.1% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption recorded a abrupt setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Polycarbonate Production in Australia and Oceania

In value terms, polycarbonate production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 31% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Polycarbonate Exports

Exports in Australia and Oceania

In 2022, shipments abroad of polycarbonates (in primary forms) increased by 17% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 381% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, polycarbonate exports dropped significantly to $X in 2022. Overall, exports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2021 when exports increased by 525%. As a result, the exports attained the peak of $X, and then reduced rapidly in the following year.

Exports by Country

Australia was the major exporter of polycarbonates (in primary forms) in Australia and Oceania, with the volume of exports reaching X tons, which was near 90% of total exports in 2022. It was distantly followed by New Zealand (X tons), constituting a 10% share of total exports.

Australia was also the fastest-growing in terms of the polycarbonates (in primary forms) exports, with a CAGR of +23.3% from 2012 to 2022. At the same time, New Zealand (+18.3%) displayed positive paces of growth. Australia (+4.5 p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by -4.5% from 2012 to 2022, respectively.

In value terms, Australia ($X) emerged as the largest polycarbonate supplier in Australia and Oceania, comprising 78% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled +14.1%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, reducing by -54.5% against the previous year. Over the period under review, the export price showed a abrupt downturn. The most prominent rate of growth was recorded in 2015 an increase of 66%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (-0.0%).

Polycarbonate Imports

Imports in Australia and Oceania

In 2022, the amount of polycarbonates (in primary forms) imported in Australia and Oceania shrank markedly to X tons, waning by -20.3% compared with the year before. Over the period under review, imports saw a abrupt slump. The pace of growth appeared the most rapid in 2015 when imports increased by 253% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, polycarbonate imports shrank to $X in 2022. Overall, imports continue to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2015 when imports increased by 242%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia represented the largest importer of polycarbonates (in primary forms) in Australia and Oceania, with the volume of imports resulting at X tons, which was approx. 80% of total imports in 2022. It was distantly followed by New Zealand (X tons), mixing up a 20% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to polycarbonate imports into Australia stood at -9.3%. New Zealand experienced a relatively flat trend pattern. New Zealand (+12 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -11.1% from 2012 to 2022, respectively.

In value terms, Australia ($X) constitutes the largest market for imported polycarbonates (in primary forms) in Australia and Oceania, comprising 75% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 25% share of total imports.

In Australia, polycarbonate imports declined by an average annual rate of -6.2% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, with an increase of 9.3% against the previous year. Import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polycarbonate import price increased by +49.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by 37% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+3.5%).

Source: IndexBox Platform

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