Australia: Fluoropolymers Market 2024

Fluoropolymers Market Size in Australia

In 2021, the Australian fluoropolymers market decreased by -1.2% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption continues to indicate a relatively flat trend pattern. Fluoropolymers consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Fluoropolymers Production in Australia

In value terms, fluoropolymers production contracted modestly to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 25% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Fluoropolymers Exports

Exports from Australia

In 2021, shipments abroad of fluoropolymers increased by 21% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports, however, recorded a slight downturn. The growth pace was the most rapid in 2014 when exports increased by 41% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, fluoropolymers exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of 42%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for fluoropolymers exports from Australia, accounting for a 49% share of total exports. Moreover, fluoropolymers exports to the United States exceeded the volume sent to the second major destination, South Korea (X tons), threefold. The third position in this ranking was taken by India (X tons), with a 17% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-1.6% per year) and India (-8.1% per year).

In value terms, South Korea ($X), India ($X) and the United States ($X) were the largest markets for fluoropolymers exported from Australia worldwide, together accounting for 81% of total exports. New Zealand, Taiwan (Chinese) and Thailand lagged somewhat behind, together comprising a further 17%.

Taiwan (Chinese), with a CAGR of +23.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fluoropolymers export price stood at $X per ton in 2021, dropping by -1.6% against the previous year. Over the period under review, the export price showed a deep setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 50%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to the United States ($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 (+0.8%), while the prices for the other major destinations experienced a decline.

Fluoropolymers Imports

Imports into Australia

In 2021, the amount of fluoropolymers imported into Australia stood at X tons, surging by 7% compared with 2020. Over the period under review, imports, however, continue to indicate a slight shrinkage. The growth pace was the most rapid in 2014 with an increase of 28%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, fluoropolymers imports expanded to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 47% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of fluoropolymers to Australia, with a 60% share of total imports. Moreover, fluoropolymers imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+1.4% per year) and the United States (-16.8% per year).

In value terms, China ($X), France ($X) and the United States ($X) constituted the largest fluoropolymers suppliers to Australia, with a combined 83% share of total imports. These countries were followed by Italy, Japan and Belgium, which together accounted for a further 13%.

In terms of the main suppliers, Italy, with a CAGR of +28.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fluoropolymers import price stood at $X per ton in 2021, shrinking by -2.8% against the previous year. In general, import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fluoropolymers import price increased by +51.1% against 2016 indices. The pace of growth appeared the most rapid in 2018 an increase of 44% against the previous year. The import price peaked at $X per ton in 2020, and then shrank modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+15.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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