Australia and Oceania: Polyurethanes Market 2024

Polyurethanes Market Size in Australia and Oceania

The polyurethanes market in Australia and Oceania shrank to $X in 2021, with a decrease of -8.1% against the previous year. In general, consumption, however, showed strong growth. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Polyurethanes Production in Australia and Oceania

In value terms, polyurethanes production dropped to $X in 2021 estimated in export price. Overall, production, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of 67% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Polyurethanes Exports

Exports in Australia and Oceania

In 2021, after two years of decline, there was significant growth in overseas shipments of polyurethanes in primary forms, when their volume increased by 41% to X tons. Over the period under review, exports, however, saw a mild reduction. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, polyurethanes exports soared to $X in 2021. Overall, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia prevails in exports structure, accounting for X tons, which was near 98% of total exports in 2021. New Zealand (X tons) held a minor share of total exports.

Australia experienced a relatively flat trend pattern with regard to volume of exports of polyurethanes in primary forms. New Zealand (-22.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Australia increased by +18 percentage points.

In value terms, Australia ($X) remains the largest polyurethanes supplier in Australia and Oceania, comprising 98% of total exports. The second position in the ranking was held by New Zealand ($X), with a 2.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Australia totaled +1.4%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, surging by 14% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably 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 amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+7.9%).

Polyurethanes Imports

Imports in Australia and Oceania

In 2021, the amount of polyurethanes in primary forms imported in Australia and Oceania reduced modestly to X tons, which is down by -1.7% on 2020. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 11%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, polyurethanes imports expanded rapidly to $X in 2021. The total import value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 13% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Australia was the main importing country with an import of around X tons, which finished at 81% of total imports. It was distantly followed by New Zealand (X tons), constituting a 16% share of total imports. New Caledonia (X tons) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to polyurethanes imports into Australia stood at +1.5%. At the same time, New Caledonia (+27.5%) and New Zealand (+3.5%) displayed positive paces of growth. Moreover, New Caledonia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +27.5% from 2012-2021. New Zealand (+2.3 p.p.) and New Caledonia (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -2.2% from 2012 to 2021, respectively.

In value terms, Australia ($X) constitutes the largest market for imported polyurethanes in primary forms in Australia and Oceania, comprising 81% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Australia stood at +2.9%. In the other countries, the average annual rates were as follows: New Zealand (+1.8% per year) and New Caledonia (+14.4% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, with an increase of 14% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 15% against the previous year. Over the period under review, import prices hit record highs in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per ton), while New Caledonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :