Australia: Compound Plasticisers Market 2024

Compound Plasticisers Market Size in Australia

The Australian compound plasticisers market shrank significantly to $X in 2022, which is down by X% against the previous year. In general, consumption saw a mild slump. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Compound Plasticisers Production in Australia

In value terms, compound plasticisers production fell to $X in 2022 estimated in export price. Over the period under review, production saw a slight slump. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Compound Plasticisers Exports

Exports from Australia

In 2022, overseas shipments of compound plasticisers for rubber or plastics increased by X% to X tons, rising for the third year in a row after four years of decline. Overall, exports, however, continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, compound plasticisers exports rose sharply to $X in 2022. Over the period under review, exports, however, recorded a mild slump. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand (X tons) was the main destination for compound plasticisers exports from Australia, accounting for a X% share of total exports. Moreover, compound plasticisers exports to New Zealand exceeded the volume sent to the second major destination, Singapore (X tons), threefold. The third position in this ranking was held by Saudi Arabia (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Saudi Arabia (X% per year).

In value terms, the largest markets for compound plasticisers exported from Australia were New Zealand ($X), Saudi Arabia ($X) and Singapore ($X), together comprising X% of total exports.

Among the main countries of destination, Singapore, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average compound plasticisers export price amounted to $X per ton, reducing by X% against the previous year. In general, the export price, however, recorded a measured increase. The growth pace was the most rapid in 2013 an increase of X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Compound Plasticisers Imports

Imports into Australia

In 2022, the amount of compound plasticisers for rubber or plastics imported into Australia fell dramatically to X tons, shrinking by X% on the previous year. Over the period under review, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, compound plasticisers imports declined significantly to $X in 2022. In general, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then declined notably in the following year.

Imports by Country

In 2022, Taiwan (Chinese) (X tons) constituted the largest compound plasticisers supplier to Australia, accounting for a X% share of total imports. Moreover, compound plasticisers imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), threefold. The third position in this ranking was held by China (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Taiwan (Chinese) amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and China (X% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of compound plasticisers for rubber or plastics to Australia, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Taiwan (Chinese) stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average compound plasticisers import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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