Australia and Oceania: Plastic Support Market 2024

Plastic Support Market Size in Australia and Oceania

The plastic support market in Australia and Oceania expanded to $X in 2022, surging by 4.4% against the previous year. In general, consumption, however, saw a pronounced descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Plastic Support Production in Australia and Oceania

In value terms, plastic support production rose markedly to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 35% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Plastic Support Exports

Exports in Australia and Oceania

In 2022, approx. X tons of spools, cops and similar supports of plastics were exported in Australia and Oceania; shrinking by -10.2% against the previous year. Over the period under review, exports showed a pronounced decrease. The pace of growth was the most pronounced in 2021 when exports increased by 17%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, plastic support exports declined modestly to $X in 2022. Overall, exports continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2021 when exports increased by 26% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia represented the largest exporter of spools, cops and similar supports of plastics in Australia and Oceania, with the volume of exports amounting to X tons, which was near 65% of total exports in 2022. It was distantly followed by New Zealand (X tons), making up a 35% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by New Zealand (with a CAGR of +7.4%).

In value terms, Australia ($X) and New Zealand ($X) constituted the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, New Zealand, with a CAGR of +3.5%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, surging by 11% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+0.6%).

Plastic Support Imports

Imports in Australia and Oceania

In 2022, purchases abroad of spools, cops and similar supports of plastics decreased by -7.3% to X tons for the first time since 2011, thus ending a ten-year rising trend. The total import volume increased at an average annual rate of +4.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 13% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then declined in the following year.

In value terms, plastic support imports rose remarkably to $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.1% 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 +68.5% against 2014 indices. The pace of growth appeared the most rapid in 2021 with an increase of 18%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Australia (X tons) was the major importer of spools, cops and similar supports of plastics, making up 77% of total imports. It was distantly followed by New Zealand (X tons), constituting a 17% share of total imports. Fiji (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to plastic support imports into Australia stood at +4.2%. At the same time, Fiji (+9.9%) and New Zealand (+5.2%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +9.9% from 2012-2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported spools, cops and similar supports of plastics in Australia and Oceania, comprising 74% of total imports. The second position in the ranking was held by New Zealand ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to +7.5%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+6.7% per year) and Fiji (+9.2% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, increasing by 17% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Fiji ($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 (+3.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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