Australia: Natural Polymers Market 2024

Natural Polymers Market Size in Australia

For the third year in a row, the Australian natural polymers market recorded growth in sales value, which increased by 9.1% to $X in 2021. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Natural polymers consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Natural Polymers Exports

Exports from Australia

In 2021, shipments abroad of natural and modified natural polymers in primary forms increased by 59% to X tons, rising for the third consecutive year after two years of decline. In general, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2020 when exports increased by 97% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, natural polymers exports soared to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 47%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for natural polymers exports from Australia, accounting for a 66% share of total exports. Moreover, natural polymers exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fivefold. Vietnam (X tons) ranked third in terms of total exports with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia stood at +113.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+116.6% per year) and Vietnam (+33.8% per year).

In value terms, the largest markets for natural polymers exported from Australia were Saudi Arabia ($X), the United States ($X) and the United Arab Emirates ($X), with a combined 80% share of total exports.

The United Arab Emirates, with a CAGR of +89.5%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2021, the average natural polymers export price amounted to $X per ton, reducing by -15.6% against the previous year. Over the period under review, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2019 an increase of 42% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 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 the United States ($X per ton), while the average price for exports to Saudi Arabia ($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 the United States (+10.3%), while the prices for the other major destinations experienced mixed trend patterns.

Natural Polymers Imports

Imports into Australia

In 2021, approx. X tons of natural and modified natural polymers in primary forms were imported into Australia; growing by 12% compared with 2020. The total import volume increased at an average annual rate of +4.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 42% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, natural polymers imports surged to $X in 2021. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of natural polymers to Australia, with a 58% share of total imports. Moreover, natural polymers imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.7% per year) and the Netherlands (+43.4% per year).

In value terms, China ($X) constituted the largest supplier of natural and modified natural polymers in primary forms to Australia, comprising 48% of total imports. The second position in the ranking was held by the United States ($X), with a 14% share of total imports. It was followed by the Netherlands, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.2% per year) and the Netherlands (+30.2% per year).

Import Prices by Country

The average natural polymers import price stood at $X per ton in 2021, with an increase of 3.6% against the previous year. Overall, the import price, however, continues to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2018 an increase of 25% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+3.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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