Australia and Oceania: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Australia and Oceania

The market for polyethylene with a specific gravity of less than X, in primary forms in Australia and Oceania soared to $X in 2021, rising by 37% against the previous year. Overall, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in Australia and Oceania

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms reduced to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2020 with an increase of 19%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports in Australia and Oceania

In 2021, exports of polyethylene with a specific gravity of less than X, in primary forms in Australia and Oceania surged to X tons, growing by 40% against 2020. In general, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2013 with an increase of 137% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021. Overall, exports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2013 when exports increased by 99.9% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

New Zealand (X tons) represented roughly 98% of total exports in 2021.

New Zealand was also the fastest-growing in terms of the polyethylene with a specific gravity of less than X, in primary forms exports, with a CAGR of +16.6% from 2012 to 2021. New Zealand (+91 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) also remains the largest polyethylene with a specific gravity of less than X supplier in Australia and Oceania.

In New Zealand, exports of polyethylene with a specific gravity of less than X, in primary forms increased at an average annual rate of +19.5% over the period from 2012-2021.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, jumping by 30% against the previous year. Over the period under review, the export price, however, continues to indicate a slight shrinkage. The level of export peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for New Zealand.

From 2012 to 2021, the rate of growth in terms of prices for New Zealand amounted to +2.5% per year.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports in Australia and Oceania

In 2021, approx. X tons of polyethylene with a specific gravity of less than X, in primary forms were imported in Australia and Oceania; with an increase of 31% against 2020. The total import volume increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021. Total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

New Zealand (X tons) and Australia (X tons) dominates forms structure, together creating 96% of total imports. Papua New Guinea (X tons) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Papua New Guinea (with a CAGR of +7.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), Australia ($X) and Papua New Guinea ($X) constituted the countries with the highest levels of imports in 2021, together comprising 99% of total imports.

In terms of the main importing countries, Papua New Guinea, with a CAGR of +8.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, increasing by 31% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Papua New Guinea ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+0.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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