Australia and Oceania: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in Australia and Oceania

In 2022, the plastic ornamental articles market in Australia and Oceania increased by 3.5% to $X, rising for the second year in a row after five years of decline. The market value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is likely to see steady growth in the near future.

Plastic Ornamental Articles Production in Australia and Oceania

In value terms, plastic ornamental articles production surged to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable expansion. The pace of growth was the most pronounced in 2020 with an increase of 66%. As a result, production reached the peak level of $X; afterwards, it flattened through to 2022.

Plastic Ornamental Articles Exports

Exports in Australia and Oceania

In 2022, approx. X tons of statuettes and other ornamental articles of plastic were exported in Australia and Oceania; picking up by 4.6% against the year before. Total exports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +13.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 37%. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, plastic ornamental articles exports skyrocketed to $X in 2022. Total exports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 53%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Australia (X tons) and New Zealand (X tons) was the major exporter of statuettes and other ornamental articles of plastic in Australia and Oceania, constituting 99% of total export.

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 +4.9%).

In value terms, the largest plastic ornamental articles supplying countries in Australia and Oceania were Australia ($X) and New Zealand ($X).

New Zealand, with a CAGR of +7.2%, saw 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, growing by 38% against the previous year. Overall, the export price, however, saw a pronounced contraction. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a 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 stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+2.2%).

Plastic Ornamental Articles Imports

Imports in Australia and Oceania

In 2022, approx. X tons of statuettes and other ornamental articles of plastic were imported in Australia and Oceania; shrinking by -5.5% compared with 2021 figures. Over the period under review, imports saw a noticeable slump. The growth pace was the most rapid in 2021 when imports increased by 14%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic ornamental articles imports expanded markedly to $X in 2022. The total import value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 30% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Australia represented the key importing country with an import of about X tons, which recorded 82% of total imports. It was distantly followed by New Zealand (X tons), generating a 12% share of total imports. Papua New Guinea (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to plastic ornamental articles imports into Australia stood at -5.2%. Papua New Guinea experienced a relatively flat trend pattern. New Zealand (-3.3%) illustrated a downward trend over the same period. New Zealand (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -4.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported statuettes and other ornamental articles of plastic in Australia and Oceania, comprising 84% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at +3.7%. In the other countries, the average annual rates were as follows: New Zealand (+2.1% per year) and Papua New Guinea (+3.4% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, with an increase of 13% against the previous year. Over the period under review, the import price enjoyed a strong increase. The pace of growth appeared the most rapid in 2018 when the import price increased by 38%. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain 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 ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+9.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :