Australia: Market for Plastic Plates, Sheets, Film, Foil And Strip 2024

Market Size for Plastic Plates, Sheets, Film, Foil And Strip in Australia

The Australian market for plastic plates, sheets, film, foil and strip soared to $X in 2021, picking up by 19% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Plastic Plates, Sheets, Film, Foil And Strip

Exports from Australia

In 2021, shipments abroad of plastic plates, sheets, film, foil and strip was finally on the rise to reach X tons after four years of decline. In general, exports, however, faced a abrupt downturn. The pace of growth was the most pronounced in 2016 with an increase of 30% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of plastic plates, sheets, film, foil and strip soared to $X in 2021. Overall, exports, however, recorded a abrupt curtailment. Over the period under review, the exports of hit record highs at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

New Zealand (X tons) was the main destination for exports of plastic plates, sheets, film, foil and strip from Australia, with a 39% share of total exports. Moreover, exports of plastic plates, sheets, film, foil and strip to New Zealand exceeded the volume sent to the second major destination, the United States (X tons), fourfold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand totaled -4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-8.8% per year) and the United Arab Emirates (+8.0% per year).

In value terms, New Zealand ($X) remains the key foreign market for plastic plates, sheets, film, foil and strip exports from Australia, comprising 25% of total exports. The second position in the ranking was held by the United States ($X), with an 8.8% share of total exports. It was followed by the United Arab Emirates, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value to New Zealand stood at -4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-6.0% per year) and the United Arab Emirates (+10.4% per year).

Export Prices by Country

In 2021, the average export price for plastic plates, sheets, film, foil and strip amounted to $X per ton, growing by 46% against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for plastic plates, sheets, film, foil and strip increased by +58.9% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to China ($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 Nigeria (+25.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Plates, Sheets, Film, Foil And Strip

Imports into Australia

In 2021, approx. X tons of plastic plates, sheets, film, foil and strip were imported into Australia; with an increase of 6.9% against 2020 figures. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2015 with an increase of 7.1%. Over the period under review, imports of reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, imports of plastic plates, sheets, film, foil and strip surged to $X in 2021. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia (X tons), China (X tons) and Thailand (X tons) were the main suppliers of imports of plastic plates, sheets, film, foil and strip to Australia, together comprising 56% of total imports. These countries were followed by Taiwan (Chinese), Indonesia, Germany, the United States, the United Arab Emirates, South Korea, the Philippines, India, Japan and Israel, which together accounted for a further 26%.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +53.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Malaysia ($X) and Thailand ($X) were the largest plastic plate, sheet, film, foil and strip suppliers to Australia, with a combined 47% share of total imports. These countries were followed by the United States, Germany, Taiwan (Chinese), Indonesia, Japan, South Korea, Israel, the United Arab Emirates, India and the Philippines, which together accounted for a further 30%.

In terms of the main suppliers, the Philippines, with a CAGR of +36.9%, saw the highest rates of growth with regard to 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

In 2021, the average import price for plastic plates, sheets, film, foil and strip amounted to $X per ton, growing by 13% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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 the United States ($X per ton), while the price for the Philippines ($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 Arab Emirates (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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