Australia: Market for Rigid Tubes, Pipes and Hoses of Polymers of Propylene 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Propylene in Australia

The Australian propylene polymer rigid pipes market expanded significantly to $X in 2022, growing by 8.6% against the previous year. The market value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Propylene in Australia

In value terms, propylene polymer rigid pipes production expanded rapidly to $X in 2022 estimated in export price. Overall, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 54% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Exports from Australia

In 2022, overseas shipments of rigid tubes, pipes and hoses of polymers of propylene decreased by -91.4% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of 163% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, propylene polymer rigid pipes exports reduced remarkably to $X in 2022. Over the period under review, exports saw a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 178% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Papua New Guinea (X tons) was the main destination for propylene polymer rigid pipes exports from Australia, accounting for a 58% share of total exports. Moreover, propylene polymer rigid pipes exports to Papua New Guinea exceeded the volume sent to the second major destination, New Zealand (X tons), fourfold. The third position in this ranking was held by Thailand (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Papua New Guinea totaled -11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (-11.0% per year) and Thailand (+42.7% per year).

In value terms, Thailand ($X) emerged as the key foreign market for rigid tubes, pipes and hoses of polymers of propylene exports from Australia, comprising 59% of total exports. The second position in the ranking was taken by Papua New Guinea ($X), with a 13% share of total exports. It was followed by the United Arab Emirates, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value to Thailand amounted to +55.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-14.9% per year) and the United Arab Emirates (+90.3% per year).

Export Prices by Country

The average propylene polymer rigid pipes export price stood at $X per ton in 2022, picking up by 169% against the previous year. In general, the export price enjoyed a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Papua New Guinea ($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 Senegal (+62.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Imports into Australia

In 2022, approx. X tons of rigid tubes, pipes and hoses of polymers of propylene were imported into Australia; shrinking by -39.8% on the year before. Overall, imports showed a drastic downturn. The growth pace was the most rapid in 2014 with an increase of 59% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, propylene polymer rigid pipes imports contracted dramatically to $X in 2022. In general, imports continue to indicate a mild descent. The pace of growth appeared the most rapid in 2020 with an increase of 49%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Indonesia (X tons), China (X tons) and the United States (X tons) were the main suppliers of propylene polymer rigid pipes imports to Australia, together comprising 72% of total imports. Poland, Italy, Germany, Spain and India lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +139.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), China ($X) and the United States ($X) constituted the largest propylene polymer rigid pipes suppliers to Australia, together comprising 72% of total imports. Poland, Italy, Germany, Spain and India lagged somewhat behind, together accounting for a further 22%.

In terms of the main suppliers, Spain, with a CAGR of +92.8%, recorded the highest growth rate of 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

The average propylene polymer rigid pipes import price stood at $X per ton in 2022, jumping by 18% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, propylene polymer rigid pipes import price increased by +35.3% against 2020 indices. The growth pace was the most rapid in 2018 an increase of 32%. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($X per ton) and Indonesia ($X per ton), while the price for Italy ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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