Australia and Oceania: Ethylene Polymer Bag Market 2024

Ethylene Polymer Bag Market Size in Australia and Oceania

For the third year in a row, the ethylene polymer bag market in Australia and Oceania recorded growth in sales value, which increased by 15% to $X in 2022. The market value increased at an average annual rate of +4.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Ethylene Polymer Bag Production in Australia and Oceania

In value terms, ethylene polymer bag production amounted to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with a decrease of 99.9% against the previous year. Over the period under review, production reached the maximum level in 2022 and is likely to continue growth in the immediate term.

Ethylene Polymer Bag Exports

Exports in Australia and Oceania

In 2022, the amount of sacks and bags of polymers of ethylene exported in Australia and Oceania rose markedly to X tons, surging by 9.2% compared with the year before. In general, exports, however, recorded a perceptible setback. The pace of growth was the most pronounced in 2018 when exports increased by 16%. 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, ethylene polymer bag exports rose sharply to $X in 2022. Overall, exports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2021 when exports increased by 19% 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 stood at a somewhat lower figure.

Exports by Country

In 2022, New Zealand (X tons) and Australia (X tons) was the main exporter of sacks and bags of polymers of ethylene in Australia and Oceania, comprising 100% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Australia (with a CAGR of +3.3%).

In value terms, the largest ethylene polymer bag supplying countries in Australia and Oceania were Australia ($X) and New Zealand ($X).

Australia, with a CAGR of +2.1%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, which is down by -1.5% against the previous year. Over the period under review, the export price continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2021 when the export price increased by 3.4% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (-1.1%).

Ethylene Polymer Bag Imports

Imports in Australia and Oceania

In 2022, overseas purchases of sacks and bags of polymers of ethylene increased by 4.8% to X tons, rising for the third year in a row after two years of decline. The total import volume increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 9.2%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, ethylene polymer bag imports surged to $X in 2022. The total import value increased at an average annual rate of +4.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 17% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Australia dominates imports structure, resulting at X tons, which was near 90% of total imports in 2022. It was distantly followed by New Zealand (X tons), making up an 8.7% share of total imports.

Australia was also the fastest-growing in terms of the sacks and bags of polymers of ethylene imports, with a CAGR of +2.4% from 2012 to 2022. New Zealand (-1.2%) illustrated a downward trend over the same period. While the share of Australia (+3.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of New Zealand (-3.3 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported sacks and bags of polymers of ethylene in Australia and Oceania, comprising 85% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to +4.3%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, surging by 11% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 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 (+4.7%).

Source: IndexBox Platform

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