Australia and Oceania: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Australia and Oceania

The ethylene polymer rigid pipes market in Australia and Oceania reduced dramatically to $X in 2021, declining by -16.1% against the previous year. Over the period under review, consumption saw a noticeable curtailment. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Australia and Oceania

In value terms, ethylene polymer rigid pipes production shrank sharply to $X in 2021 estimated in export price. In general, production saw a pronounced slump. The most prominent rate of growth was recorded in 2020 with an increase of 56% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports in Australia and Oceania

In 2021, the amount of rigid tubes, pipes and hoses of polymers of ethylene exported in Australia and Oceania declined markedly to X tons, with a decrease of -20.9% compared with the previous year. In general, exports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2017 when exports increased by 1,176%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, ethylene polymer rigid pipes exports expanded slightly to $X in 2021. Overall, exports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of 451%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Australia prevails in exports structure, finishing at X tons, which was approx. 97% of total exports in 2021. New Zealand (X tons) took a minor share of total exports.

Australia was also the fastest-growing in terms of the rigid tubes, pipes and hoses of polymers of ethylene exports, with a CAGR of +17.0% from 2012 to 2021. New Zealand (-11.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Australia increased by +22 percentage points.

In value terms, Australia ($X) remains the largest ethylene polymer rigid pipes supplier in Australia and Oceania, comprising 95% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 5.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia amounted to +8.0%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, with an increase of 30% against the previous year. In general, the export price, however, continues to indicate a abrupt curtailment. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices 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 totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+6.6%).

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports in Australia and Oceania

In 2021, approx. X tons of rigid tubes, pipes and hoses of polymers of ethylene were imported in Australia and Oceania; increasing by 5.5% compared with 2020 figures. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +91.2% against 2013 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 26% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, ethylene polymer rigid pipes imports reached $X in 2021. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Australia (X tons) represented the main importer of rigid tubes, pipes and hoses of polymers of ethylene, comprising 55% of total imports. New Zealand (X tons) took a 23% share (based on physical terms) of total imports, which put it in second place, followed by New Caledonia (9.8%) and Papua New Guinea (7.7%). Solomon Islands (X tons) followed a long way behind the leaders.

Imports into Australia increased at an average annual rate of +8.1% from 2012 to 2021. At the same time, Solomon Islands (+19.4%), New Caledonia (+17.6%), New Zealand (+5.1%) and Papua New Guinea (+4.0%) displayed positive paces of growth. Moreover, Solomon Islands emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +19.4% from 2012-2021. While the share of New Caledonia (+5.6 p.p.) and Australia (+5.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Papua New Guinea (-2.2 p.p.) and New Zealand (-3.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported rigid tubes, pipes and hoses of polymers of ethylene in Australia and Oceania, comprising 60% of total imports. The second position in the ranking was held by New Zealand ($X), with a 22% share of total imports. It was followed by New Caledonia, with a 7.6% share.

In Australia, ethylene polymer rigid pipes imports increased at an average annual rate of +1.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+2.2% per year) and New Caledonia (+16.2% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, with an increase of 3.1% against the previous year. In general, the import price, however, showed a perceptible shrinkage. The growth pace was the most rapid in 2017 an increase of 15%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Australia ($X per ton) and New Zealand ($X per ton), while Solomon Islands ($X per ton) and New Caledonia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Caledonia (-1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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