Australia: Prepared Binders Market 2024

Prepared Binders Market Size in Australia

The Australian prepared binders market reached $X in 2021, rising by 1.9% against the previous year. In general, consumption, however, posted significant growth. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Prepared Binders Production in Australia

In value terms, prepared binders production totaled $X in 2021 estimated in export price. In general, production, however, recorded significant growth. The growth pace was the most rapid in 2014 with an increase of 139%. Prepared binders production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Prepared Binders Exports

Exports from Australia

In 2021, shipments abroad of prepared binders for foundry moulds or cores was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2015 with an increase of 91% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, prepared binders exports skyrocketed to $X in 2021. In general, exports, however, recorded a noticeable decline. The pace of growth appeared the most rapid in 2017 when exports increased by 68% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

New Zealand (X tons) was the main destination for prepared binders exports from Australia, with a 67% share of total exports. Moreover, prepared binders exports to New Zealand exceeded the volume sent to the second major destination, South Africa (X tons), threefold. The third position in this ranking was held by Singapore (X tons), with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand totaled -14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+28.0% per year) and Singapore (+30.9% per year).

In value terms, New Zealand ($X) remains the key foreign market for prepared binders for foundry moulds or cores exports from Australia, comprising 70% of total exports. The second position in the ranking was taken by South Africa ($X), with a 19% share of total exports. It was followed by Singapore, with a 2.7% share.

From 2012 to 2021, the average annual growth rate of value to New Zealand stood at -5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+41.4% per year) and Singapore (+27.4% per year).

Export Prices by Country

The average prepared binders export price stood at $X per ton in 2021, growing by 18% against the previous year. Overall, the export price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2016 an increase of 73%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Japan ($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 Philippines (+24.7%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Binders Imports

Imports into Australia

In 2021, imports of prepared binders for foundry moulds or cores into Australia dropped notably to X tons, reducing by -19.1% on 2020. In general, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 17%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, prepared binders imports rose to $X in 2021. Over the period under review, imports saw a noticeable setback. The most prominent rate of growth was recorded in 2017 when imports increased by 46%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), the UK (X tons) and China (X tons) were the main suppliers of prepared binders imports to Australia, together comprising 82% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +25.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and China ($X) appeared to be the largest prepared binders suppliers to Australia, with a combined 86% share of total imports.

The UK, with a CAGR of +27.5%, saw the highest growth rate of the value of imports, among the main suppliers 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 prepared binders import price amounted to $X per ton, picking up by 25% against the previous year. Over the period under review, the import price recorded pronounced growth. The pace of growth was the most pronounced in 2018 an increase of 34% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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