Australia and Oceania: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in Australia and Oceania

The polyvinyl chloride market in Australia and Oceania fell to $X in 2022, with a decrease of -6.2% against the previous year. Over the period under review, consumption, however, enjoyed a strong increase. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Polyvinyl Chloride Production in Australia and Oceania

In value terms, polyvinyl chloride production dropped remarkably to $X in 2022 estimated in export price. In general, production recorded a noticeable curtailment. The growth pace was the most rapid in 2021 with an increase of 65%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Polyvinyl Chloride Exports

Exports in Australia and Oceania

In 2022, approx. X tons of polyvinyl chloride were exported in Australia and Oceania; surging by 14% on 2021. In general, exports enjoyed a mild increase. The growth pace was the most rapid in 2017 with an increase of 189%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, polyvinyl chloride exports surged to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 142% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Australia prevails in exports structure, accounting for X tons, which was approx. 93% of total exports in 2022. It was distantly followed by New Zealand (X tons), committing a 7.3% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to polyvinyl chloride exports from Australia stood at +3.1%. At the same time, New Zealand (+9.1%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +9.1% from 2012-2022. Australia (+12 p.p.) and New Zealand (+3.7 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, Australia ($X) remains the largest polyvinyl chloride supplier in Australia and Oceania, comprising 86% of total exports. The second position in the ranking was held by New Zealand ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia was relatively modest.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, surging by 7% against the previous year. Over the period under review, the export price, however, showed a perceptible decline. The growth pace was the most rapid in 2021 an increase of 55%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a 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 stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+0.7%).

Polyvinyl Chloride Imports

Imports in Australia and Oceania

In 2022, approx. X tons of polyvinyl chloride were imported in Australia and Oceania; reducing by -6.5% against the previous year. Overall, imports, however, saw resilient growth. The growth pace was the most rapid in 2019 when imports increased by 258% against the previous year. The volume of import peaked at X tons in 2021, and then shrank in the following year.

In value terms, polyvinyl chloride imports declined to $X in 2022. Over the period under review, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of 201% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Australia (X tons) represented the key importer of polyvinyl chloride, constituting 84% of total imports. It was distantly followed by New Zealand (X tons), achieving a 15% share of total imports.

Australia was also the fastest-growing in terms of the polyvinyl chloride imports, with a CAGR of +12.3% from 2012 to 2022. At the same time, New Zealand (+3.5%) displayed positive paces of growth. While the share of Australia (+14 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of New Zealand (-13 p.p.) displayed negative dynamics.

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

In Australia, polyvinyl chloride imports increased at an average annual rate of +15.0% over the period from 2012-2022.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, approximately mirroring the previous year. Import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyvinyl chloride import price increased by +54.5% against 2020 indices. The growth pace was the most rapid in 2021 when the import price increased by 54%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably 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 New Zealand (+3.8%).

Source: IndexBox Platform

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