Australia: Polycarbonate Market 2024

Polycarbonate Exports

Exports from Australia

In 2022, shipments abroad of polycarbonates (in primary forms) increased by 92% to X tons, rising for the second consecutive year after two years of decline. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 347% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, polycarbonate exports surged to $X in 2022. Over the period under review, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 126%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for polycarbonate exports from Australia, with a 86% share of total exports. Moreover, polycarbonate exports to Malaysia exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold. The third position in this ranking was taken by Indonesia (X tons), with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia stood at +58.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+65.3% per year) and Indonesia (+4.8% per year).

In value terms, Malaysia ($X) remains the key foreign market for polycarbonates (in primary forms) exports from Australia, comprising 59% of total exports. The second position in the ranking was taken by the United States ($X), with a 16% share of total exports. It was followed by Indonesia, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia stood at +31.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+50.4% per year) and Indonesia (+11.5% per year).

Export Prices by Country

The average polycarbonate export price stood at $X per ton in 2022, almost unchanged from the previous year. In general, the export price showed a drastic downturn. The pace of growth appeared the most rapid in 2013 when the average export price increased by 79% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+24.3%), while the prices for the other major destinations experienced mixed trend patterns.

Polycarbonate Imports

Imports into Australia

Polycarbonate imports into Australia contracted notably to X tons in 2022, dropping by -22.6% against 2021. Overall, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2015 with an increase of 378% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, polycarbonate imports dropped markedly to $X in 2022. Over the period under review, imports saw a abrupt contraction. The growth pace was the most rapid in 2015 with an increase of 434%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of polycarbonate to Australia, with a 36% share of total imports. Moreover, polycarbonate imports from Thailand exceeded the figures recorded by the second-largest supplier, Singapore (X tons), threefold. The third position in this ranking was taken by China (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand stood at +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-4.8% per year) and China (-12.7% per year).

In value terms, Thailand ($X) constituted the largest supplier of polycarbonates (in primary forms) to Australia, comprising 35% of total imports. The second position in the ranking was taken by South Korea ($X), with an 11% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand totaled +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+7.1% per year) and China (-9.3% per year).

Import Prices by Country

In 2022, the average polycarbonate import price amounted to $X per ton, with an increase of 6.3% against the previous year. Overall, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polycarbonate import price increased by +65.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 55%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Korea ($X per ton) and the United States ($X per ton), while the price for the United Arab Emirates ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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