Australia and Oceania: Waferboard Market 2024

Waferboard Market Size in Australia and Oceania

The waferboard market in Australia and Oceania reduced to $X in 2021, with a decrease of -13.1% against the previous year. The total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +20.0% against 2019 indices. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Waferboard Production in Australia and Oceania

In value terms, waferboard production declined to $X in 2021 estimated in export price. The total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +21.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 42% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Waferboard Exports

Exports in Australia and Oceania

In 2021, approx. X cubic meters of waferboards were exported in Australia and Oceania; reducing by -22.8% compared with the year before. Over the period under review, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 427%. Over the period under review, the exports reached the peak figure at X cubic meters in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, waferboard exports amounted to $X in 2021. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 406%. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

New Zealand prevails in exports structure, resulting at X cubic meters, which was approx. 91% of total exports in 2021. It was distantly followed by Australia (X cubic meters), making up a 9.1% share of total exports.

New Zealand was also the fastest-growing in terms of the waferboards exports, with a CAGR of +24.5% from 2012 to 2021. At the same time, Australia (+11.4%) displayed positive paces of growth. From 2012 to 2021, the share of New Zealand increased by +12 percentage points.

In value terms, New Zealand ($X) remains the largest waferboard supplier in Australia and Oceania, comprising 94% of total exports. The second position in the ranking was held by Australia ($X), with a 6.2% share of total exports.

In New Zealand, waferboard exports expanded at an average annual rate of +30.7% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per cubic meter, picking up by 31% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. Over the period under review, the export prices reached the maximum at $X per cubic meter in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per cubic meter), while Australia amounted to $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+4.9%).

Waferboard Imports

Imports in Australia and Oceania

In 2021, overseas purchases of waferboards increased by 18% to X cubic meters for the first time since 2018, thus ending a two-year declining trend. Overall, imports continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 36%. As a result, imports reached the peak of X cubic meters. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, waferboard imports soared to $X in 2021. Total imports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Australia dominates imports structure, accounting for X cubic meters, which was near 78% of total imports in 2021. New Zealand (X cubic meters) took the second position in the ranking, followed by New Caledonia (X cubic meters). All these countries together took approx. 18% share of total imports. Marshall Islands (X cubic meters) held a little share of total imports.

Imports into Australia increased at an average annual rate of +1.7% from 2012 to 2021. At the same time, New Zealand (+30.2%), Marshall Islands (+28.0%) and New Caledonia (+14.0%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +30.2% from 2012-2021. From 2012 to 2021, the share of New Zealand, New Caledonia and Marshall Islands increased by +8.6, +4.5 and +2.5 percentage points, respectively.

In value terms, Australia ($X) constitutes the largest market for imported waferboards in Australia and Oceania, comprising 79% of total imports. The second position in the ranking was held by New Zealand ($X), with an 11% share of total imports. It was followed by New Caledonia, with a 5.9% share.

In Australia, waferboard imports increased at an average annual rate of +3.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+26.5% per year) and New Caledonia (+7.8% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per cubic meter, rising by 16% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price attained 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 2021, amid the top importers, the country with the highest price was New Zealand ($X per cubic meter), while New Caledonia ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Marshall Islands (+2.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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