Australia and Oceania: Resinoids Market 2024

Resinoids Market Size in Australia and Oceania

The resinoids market in Australia and Oceania reduced sharply to $X in 2022, falling by -24.7% against the previous year. Overall, consumption recorded a abrupt setback. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Resinoids Production in Australia and Oceania

In value terms, resinoids production declined to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt curtailment. The pace of growth was the most pronounced in 2013 with an increase of 18%. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Resinoids Exports

Exports in Australia and Oceania

In 2022, the amount of resinoids exported in Australia and Oceania soared to X tons, rising by 149% compared with the previous year. In general, exports posted modest growth. The pace of growth was the most pronounced in 2017 with an increase of 201% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, resinoids exports surged to $X in 2022. Over the period under review, exports showed a resilient expansion. The growth pace was the most rapid in 2015 with an increase of 227%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia prevails in exports structure, reaching X tons, which was near 94% of total exports in 2022. It was distantly followed by New Zealand (X tons), making up a 5.8% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to resinoids exports from Australia stood at +1.4%. At the same time, New Zealand (+32.9%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +32.9% from 2012-2022. From 2012 to 2022, the share of New Zealand increased by +5.4 percentage points.

In value terms, Australia ($X) remains the largest resinoids supplier in Australia and Oceania, comprising 94% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 5.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled +8.6%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, growing by 19% against the previous year. Overall, the export price continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2015 when the export price increased by 392% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably 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 New Zealand (+12.2%).

Resinoids Imports

Imports in Australia and Oceania

After two years of growth, purchases abroad of resinoids decreased by -59.3% to X tons in 2022. Over the period under review, imports, however, showed buoyant growth. The pace of growth was the most pronounced in 2018 when imports increased by 219%. Over the period under review, imports hit record highs at X tons in 2021, and then contracted rapidly in the following year.

In value terms, resinoids imports dropped remarkably to $X in 2022. In general, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 304% against the previous year. The level of import peaked at $X in 2021, and then plummeted in the following year.

Imports by Country

New Zealand was the major importer of resinoids in Australia and Oceania, with the volume of imports reaching X tons, which was near 60% of total imports in 2022. It was distantly followed by Australia (X tons), generating a 36% share of total imports. Papua New Guinea (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of +59.8%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, New Zealand ($X), Australia ($X) and Papua New Guinea ($X) were the countries with the highest levels of imports in 2022, with a combined 99% share of total imports.

Among the main importing countries, New Zealand, with a CAGR of +52.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, falling by -14.5% against the previous year. Over the period under review, the import price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the import price increased by 41% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+12.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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