Australia and Oceania: Market for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Australia and Oceania

In 2022, the market for rigid tubes, pipes and hoses of polymers of vinyl chloride in Australia and Oceania increased by 8.6% to $X, rising for the third consecutive year after three years of decline. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in the immediate term.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Australia and Oceania

In value terms, vinyl chloride polymer rigid pipes production expanded modestly to $X in 2022 estimated in export price. In general, production recorded a abrupt downturn. The pace of growth appeared the most rapid in 2016 with an increase of 11% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports in Australia and Oceania

In 2022, overseas shipments of rigid tubes, pipes and hoses of polymers of vinyl chloride were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, showed a deep contraction. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, vinyl chloride polymer rigid pipes exports surged to $X in 2022. In general, exports, however, saw a abrupt shrinkage. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Australia was the major exporting country with an export of about X tons, which recorded 58% of total exports. It was distantly followed by Fiji (X tons) and New Zealand (X tons), together generating a 42% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Fiji (with a CAGR of +38.5%), while the other leaders experienced a decline in the exports figures.

In value terms, Australia ($X) remains the largest vinyl chloride polymer rigid pipes supplier in Australia and Oceania, comprising 69% of total exports. The second position in the ranking was taken by Fiji ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia totaled -5.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Fiji (+32.3% per year) and New Zealand (-17.4% per year).

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, falling by -16.7% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 30% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined sharply in the following year.

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 Australia ($X per ton), while Fiji ($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 (+2.4%), while the other leaders experienced a decline in the export price figures.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports in Australia and Oceania

In 2022, supplies from abroad of rigid tubes, pipes and hoses of polymers of vinyl chloride increased by 17% to X tons, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, vinyl chloride polymer rigid pipes imports skyrocketed to $X in 2022. Total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 36%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

Australia was the major importing country with an import of around X tons, which accounted for 52% of total imports. New Zealand (X tons) took the second position in the ranking, distantly followed by Papua New Guinea (X tons) and New Caledonia (X tons). All these countries together took near 34% share of total imports. French Polynesia (X tons), Solomon Islands (X tons) and Fiji (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to vinyl chloride polymer rigid pipes imports into Australia stood at +3.8%. At the same time, Fiji (+26.1%) and New Zealand (+9.7%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +26.1% from 2012-2022. Solomon Islands experienced a relatively flat trend pattern. By contrast, New Caledonia (-1.3%), French Polynesia (-1.8%) and Papua New Guinea (-2.5%) illustrated a downward trend over the same period. New Zealand (+9.2 p.p.), Australia (+2.7 p.p.) and Fiji (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while French Polynesia, New Caledonia and Papua New Guinea saw its share reduced by -2.6%, -2.9% and -6.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported rigid tubes, pipes and hoses of polymers of vinyl chloride in Australia and Oceania, comprising 57% of total imports. The second position in the ranking was held by New Zealand ($X), with a 20% share of total imports. It was followed by Papua New Guinea, with a 5.2% share.

In Australia, vinyl chloride polymer rigid pipes imports expanded at an average annual rate of +7.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+12.0% per year) and Papua New Guinea (-8.6% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, surging by 9.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2021 when the import price increased by 21% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was French Polynesia ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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