Australia: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Australia

The Australian ethylene polymer rigid pipes market fell significantly to $X in 2021, which is down by -20.2% against the previous year. Overall, consumption saw a deep contraction. Ethylene polymer rigid pipes consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Australia

In value terms, ethylene polymer rigid pipes production declined dramatically to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2020 when the production volume increased by 75% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports from Australia

Ethylene polymer rigid pipes exports from Australia contracted markedly to X tons in 2021, declining by -20.6% compared with the previous year's figure. In general, exports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of 1,354% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, ethylene polymer rigid pipes exports expanded to $X in 2021. Over the period under review, exports, however, saw a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 505%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Panama (X tons) was the main destination for ethylene polymer rigid pipes exports from Australia, with a 52% share of total exports. Moreover, ethylene polymer rigid pipes exports to Panama exceeded the volume sent to the second major destination, Papua New Guinea (X tons), threefold. Cote d'Ivoire (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Panama totaled -39.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+7.4% per year) and Cote d'Ivoire (+171.3% per year).

In value terms, Panama ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of ethylene exports from Australia, comprising 44% of total exports. The second position in the ranking was held by Papua New Guinea ($X), with a 13% share of total exports. It was followed by New Caledonia, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value to Panama amounted to -32.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-0.3% per year) and New Caledonia (+98.0% per year).

Export Prices by Country

In 2021, the average ethylene polymer rigid pipes export price amounted to $X per ton, growing by 32% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt setback. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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 New Caledonia ($X per ton), while the average price for exports to Cote d'Ivoire ($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 Panama (+11.7%), while the prices for the other major destinations experienced a decline.

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports into Australia

In 2021, approx. X tons of rigid tubes, pipes and hoses of polymers of ethylene were imported into Australia; increasing by 3.1% on the year before. In general, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 57% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, ethylene polymer rigid pipes imports rose sharply to $X in 2021. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), the United States (X tons) and the UK (X tons) were the main suppliers of ethylene polymer rigid pipes imports to Australia, together comprising 58% of total imports. These countries were followed by Italy, Germany, South Africa and Poland, which together accounted for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +48.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and the UK ($X) appeared to be the largest ethylene polymer rigid pipes suppliers to Australia, together comprising 58% of total imports. These countries were followed by Italy, Germany, South Africa and Poland, which together accounted for a further 34%.

Among the main suppliers, Poland, with a CAGR of +39.6%, recorded 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 ethylene polymer rigid pipes import price amounted to $X per ton, picking up by 10% against the previous year. Overall, the import price, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2013 an increase of 32%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from South Africa ($X per ton) and the United States ($X per ton), while the price for China ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+10.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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