Australia and Oceania: Polymethyl Methacrylate Market 2024

Polymethyl Methacrylate Market Size in Australia and Oceania

In 2022, after two years of growth, there was significant decline in the polymethyl methacrylate market in Australia and Oceania, when its value decreased by -11% to $X. In general, consumption saw a abrupt slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Polymethyl Methacrylate Production in Australia and Oceania

In value terms, polymethyl methacrylate production shrank to $X in 2022 estimated in export price. The total production indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.5% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 27%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Polymethyl Methacrylate Exports

Exports in Australia and Oceania

In 2022, after two years of growth, there was significant decline in overseas shipments of polymethyl methacrylate in primary forms, when their volume decreased by -14.1% to X tons. Over the period under review, exports, however, continue to indicate a temperate increase. The pace of growth appeared the most rapid in 2018 when exports increased by 84% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, polymethyl methacrylate exports fell notably to $X in 2022. In general, exports, however, showed a strong increase. The growth pace was the most rapid in 2017 with an increase of 121%. The level of export peaked at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

Australia dominates exports structure, recording X tons, which was near 95% of total exports in 2022. It was distantly followed by New Zealand (X tons), creating a 4.5% share of total exports.

Exports from Australia increased at an average annual rate of +1.8% from 2012 to 2022. At the same time, New Zealand (+25.8%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +25.8% from 2012-2022. From 2012 to 2022, the share of New Zealand increased by +3.9 percentage points.

In value terms, Australia ($X) remains the largest polymethyl methacrylate supplier in Australia and Oceania, comprising 93% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 7.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia stood at +5.0%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, reducing by -25.6% against the previous year. Overall, the export price, however, posted a tangible increase. The pace of growth was the most pronounced in 2017 an increase of 73%. Over the period under review, the export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat 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 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 Australia (+3.1%).

Polymethyl Methacrylate Imports

Imports in Australia and Oceania

In 2022, approx. X tons of polymethyl methacrylate in primary forms were imported in Australia and Oceania; shrinking by -16.4% on 2021 figures. In general, imports continue to indicate a noticeable reduction. The growth pace was the most rapid in 2020 with an increase of 22% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, polymethyl methacrylate imports shrank to $X in 2022. Over the period under review, imports recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia prevails in imports structure, amounting to X tons, which was approx. 89% of total imports in 2022. It was distantly followed by New Zealand (X tons), committing a 4.7% share of total imports. Solomon Islands (X tons) and Vanuatu (X tons) followed a long way behind the leaders.

Imports into Australia decreased at an average annual rate of -5.1% from 2012 to 2022. At the same time, Vanuatu (+83.2%) and Solomon Islands (+49.0%) displayed positive paces of growth. Moreover, Vanuatu emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +83.2% from 2012-2022. By contrast, New Zealand (-5.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Solomon Islands and Vanuatu increased by +3 and +1.8 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported polymethyl methacrylate in primary forms in Australia and Oceania, comprising 88% of total imports. The second position in the ranking was held by New Zealand ($X), with an 8% share of total imports. It was followed by Solomon Islands, with a 1.6% share.

From 2012 to 2022, the average annual growth rate of value in Australia totaled -4.4%. In the other countries, the average annual rates were as follows: New Zealand (-5.1% per year) and Solomon Islands (+42.8% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, surging by 7.7% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 32%. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Vanuatu ($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 (+0.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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