Australia: Plaster Article Market 2024

Plaster Article Market Size in Australia

In 2021, the Australian plaster article market decreased by -1.4% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, saw a deep reduction. Plaster article consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Plaster Article Production in Australia

In value terms, plaster article production contracted modestly to $X in 2021 estimated in export price. Overall, production, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2015 when the production volume increased by 52% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Plaster Article Exports

Exports from Australia

In 2021, shipments abroad of articles of plaster or of compositions based on plaster was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports saw a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, plaster article exports soared to $X in 2021. Overall, exports saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X tons) was the main destination for plaster article exports from Australia, with a 84% share of total exports. Moreover, plaster article exports to New Zealand exceeded the volume sent to the second major destination, Papua New Guinea (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand totaled +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+17.2% per year) and Vanuatu (+147.4% per year).

In value terms, New Zealand ($X) remains the key foreign market for plaster article exports from Australia, comprising 84% of total exports. The second position in the ranking was held by Papua New Guinea ($X), with a 4.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to New Zealand amounted to +1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-1.4% per year) and Vanuatu (+69.4% per year).

Export Prices by Country

The average plaster article export price stood at $X per ton in 2021, increasing by 12% against the previous year. In general, the export price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when the average export price increased by 30%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Vanuatu ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (-7.8%), while the prices for the other major destinations experienced a decline.

Plaster Article Imports

Imports into Australia

In 2021, after two years of decline, there was significant growth in purchases abroad of articles of plaster or of compositions based on plaster, when their volume increased by 35% to X tons. Overall, imports saw resilient growth. The growth pace was the most rapid in 2014 with an increase of 120%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, plaster article imports soared to $X in 2021. In general, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Taiwan (Chinese) (X tons), China (X tons) and the United States (X tons) were the main suppliers of plaster article imports to Australia, together accounting for 42% of total imports. Thailand, Germany, Italy, France, Indonesia, New Zealand and Denmark lagged somewhat behind, together accounting for a further 53%.

From 2012 to 2021, the biggest increases were in Italy (with a CAGR of +96.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Germany ($X) constituted the largest plaster article suppliers to Australia, together accounting for 42% of total imports. These countries were followed by Thailand, Taiwan (Chinese), France, Italy, Denmark, Indonesia and New Zealand, which together accounted for a further 50%.

Indonesia, with a CAGR of +43.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plaster article import price stood at $X per ton in 2021, increasing by 16% against the previous year. Overall, the import price, however, showed a noticeable reduction. The pace of growth was the most pronounced in 2017 when the average import price increased by 21% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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