Australia and Oceania: Worked Flat Glass Market 2024

Worked Flat Glass Exports

Exports in Australia and Oceania

In 2021, worked flat glass exports in Australia and Oceania skyrocketed to X tons, jumping by 131% compared with the year before. Overall, exports, however, recorded a relatively flat trend pattern. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, worked flat glass exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

New Zealand represented the key exporter of worked flat glass in Australia and Oceania, with the volume of exports accounting for X tons, which was approx. 68% of total exports in 2021. Australia (X tons) held a 21% share (based on physical terms) of total exports, which put it in second place, followed by Fiji (11%).

New Zealand was also the fastest-growing in terms of the worked flat glass exports, with a CAGR of +32.5% from 2012 to 2021. At the same time, Fiji (+6.3%) displayed positive paces of growth. By contrast, Australia (-15.0%) illustrated a downward trend over the same period. While the share of New Zealand (+62 p.p.) and Fiji (+4.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Australia (-67.4 p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) emerged as the largest worked flat glass supplier in Australia and Oceania, comprising 65% of total exports. The second position in the ranking was taken by Australia ($X), with a 32% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in New Zealand totaled +23.0%. In the other countries, the average annual rates were as follows: Australia (-11.0% per year) and Fiji (+8.2% per year).

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, with an increase of 14% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by 242% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by Australia (+4.7%), while the other leaders experienced mixed trends in the export price figures.

Worked Flat Glass Imports

Imports in Australia and Oceania

After three years of decline, purchases abroad of worked flat glass increased by 16% to X tons in 2021. In general, imports saw a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of 81%. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, worked flat glass imports soared to $X in 2021. Overall, imports showed a strong expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 40% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Australia prevails in imports structure, amounting to X tons, which was approx. 75% of total imports in 2021. New Zealand (X tons) held an 8.6% share (based on physical terms) of total imports, which put it in second place, followed by Solomon Islands (7.6%) and Papua New Guinea (6.6%).

Imports into Australia increased at an average annual rate of +7.7% from 2012 to 2021. At the same time, Papua New Guinea (+30.2%), Solomon Islands (+11.4%) and New Zealand (+6.7%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +30.2% from 2012-2021. Papua New Guinea (+5.3 p.p.) and Solomon Islands (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -3.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported worked flat glass in Australia and Oceania, comprising 66% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 21% share of total imports. It was followed by Solomon Islands, with a 7.7% share.

In Australia, worked flat glass imports increased at an average annual rate of +7.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: New Zealand (+9.5% per year) and Solomon Islands (+39.5% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, picking up by 14% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 14% against the previous year. The level of import peaked in 2021 and is expected to retain 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 ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Solomon Islands (+25.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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