Australia: Plastic Household Ware Market 2024

Plastic Household Ware Market Size in Australia

For the third year in a row, the Australian plastic household ware market recorded growth in sales value, which increased by 19% to $X in 2021. The market value increased at an average annual rate of +5.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Plastic Household Ware Exports

Exports from Australia

After two years of decline, overseas shipments of plastics household articles and toilet articles increased by 40% to X tons in 2021. In general, exports, however, saw a abrupt setback. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, plastic household ware exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

New Zealand (X tons) was the main destination for plastic household ware exports from Australia, with a 68% share of total exports. Moreover, plastic household ware exports to New Zealand exceeded the volume sent to the second major destination, the UK (X tons), more than tenfold. The United States (X tons) ranked third in terms of total exports with a 3.7% share.

From 2012 to 2021, the average annual growth rate of volume to New Zealand stood at +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+3.7% per year) and the United States (-7.2% per year).

In value terms, New Zealand ($X) remains the key foreign market for plastics household articles and toilet articles exports from Australia, comprising 69% of total exports. The second position in the ranking was held by the UK ($X), with a 5.2% share of total exports. It was followed by the United States, with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to New Zealand amounted to +11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+1.7% per year) and the United States (-5.1% per year).

Export Prices by Country

In 2021, the average plastic household ware export price amounted to $X per ton, increasing by 3.8% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, plastic household ware export price increased by +38.7% against 2014 indices. The most prominent rate of growth was recorded in 2014 an increase of 60%. The export price peaked in 2021 and is likely to continue growth in the near future.

Average prices varied noticeably for the major export markets. In 2021, the highest price was recorded for prices to the United States ($X per ton) and the UK ($X per ton), while the average price for exports to China ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Ware Imports

Imports into Australia

In 2021, the amount of plastics household articles and toilet articles imported into Australia rose markedly to X tons, with an increase of 13% compared with 2020 figures. Over the period under review, imports saw a relatively flat trend pattern. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, plastic household ware imports soared to $X in 2021. The total import value increased at an average annual rate of +5.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 plastic household ware to Australia, with a 74% share of total imports. Moreover, plastic household ware imports from China exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), more than tenfold. Thailand (X tons) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (-1.7% per year) and Thailand (-5.3% per year).

In value terms, China ($X) constituted the largest supplier of plastics household articles and toilet articles to Australia, comprising 74% of total imports. The second position in the ranking was held by New Zealand ($X), with a 4.4% share of total imports. It was followed by Thailand, with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (-2.4% per year) and Thailand (+1.6% per year).

Import Prices by Country

In 2021, the average plastic household ware import price amounted to $X per ton, surging by 6.8% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, plastic household ware import price increased by +64.5% against 2016 indices. The pace of growth appeared the most rapid in 2018 an increase of 32%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Taiwan (Chinese) ($X per ton) and New Zealand ($X per ton), while the price for the United States ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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