Australia: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in Australia

For the sixth year in a row, the Australian plastic household articles market recorded growth in sales value, which increased by 11% to $X in 2022. Overall, consumption saw a remarkable increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Plastic Household Articles Exports

Exports from Australia

In 2022, the amount of household articles and toilet articles of plastics exported from Australia reduced to X tons, waning by -10.3% compared with the previous year's figure. Overall, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 51% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, plastic household articles exports dropped to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by 34%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X tons) was the main destination for plastic household articles exports from Australia, accounting for a 67% share of total exports. Moreover, plastic household articles exports to New Zealand exceeded the volume sent to the second major destination, China (X tons), more than tenfold. The third position in this ranking was taken by Singapore (X tons), with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand totaled +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-30.8% per year) and Singapore (+0.7% per year).

In value terms, New Zealand ($X) remains the key foreign market for household articles and toilet articles of plastics exports from Australia, comprising 67% of total exports. The second position in the ranking was held by China ($X), with a 4.3% share of total exports. It was followed by Singapore, with a 4% share.

From 2012 to 2022, the average annual growth rate of value to New Zealand totaled +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-21.0% per year) and Singapore (+2.8% per year).

Export Prices by Country

In 2022, the average plastic household articles export price amounted to $X per ton, picking up by 11% against the previous year. Overall, the export price continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2014 an increase of 72% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($X per ton) and Malaysia ($X per ton), while the average price for exports to Singapore ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Articles Imports

Imports into Australia

In 2022, approx. X tons of household articles and toilet articles of plastics were imported into Australia; picking up by 6.5% on the previous year. The total import volume increased at an average annual rate of +5.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 19%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, plastic household articles imports rose rapidly to $X in 2022. Overall, imports continue to indicate prominent growth. The growth pace was the most rapid in 2021 when imports increased by 25%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest plastic household articles supplier to Australia, with a 77% share of total imports. Moreover, plastic household articles imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold. Germany (X tons) ranked third in terms of total imports with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-4.5% per year) and Germany (+21.5% per year).

In value terms, China ($X) constituted the largest supplier of household articles and toilet articles of plastics to Australia, comprising 77% of total imports. The second position in the ranking was taken by Thailand ($X), with a 4.2% share of total imports. It was followed by Germany, with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+3.2% per year) and Germany (+24.7% per year).

Import Prices by Country

In 2022, the average plastic household articles import price amounted to $X per ton, surging by 3.6% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic household articles import price increased by +8.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 22%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($X per ton) and the United States ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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