Australia: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in Australia

In 2022, the Australian plastic ornamental articles market increased by 5.4% to $X, rising for the second year in a row after five years of decline. The market value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Plastic ornamental articles consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Plastic Ornamental Articles Exports

Exports from Australia

After two years of growth, overseas shipments of statuettes and other ornamental articles of plastic decreased by -30.8% to X tons in 2022. Overall, exports, however, posted a pronounced expansion. The pace of growth was the most pronounced in 2014 with an increase of 79%. The exports peaked at X tons in 2021, and then dropped rapidly in the following year.

In value terms, plastic ornamental articles exports shrank slightly to $X in 2022. In general, exports continue to indicate a mild setback. The most prominent rate of growth was recorded in 2018 with an increase of 81% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X tons) was the main destination for plastic ornamental articles exports from Australia, with a 55% share of total exports. Moreover, plastic ornamental articles exports to New Zealand exceeded the volume sent to the second major destination, Papua New Guinea (X tons), fivefold. The third position in this ranking was taken by Singapore (X tons), with a 7.6% share.

From 2012 to 2022, the average annual growth rate of volume to New Zealand amounted to +10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+142.7% per year) and Singapore (+60.1% per year).

In value terms, New Zealand ($X) remains the key foreign market for statuettes and other ornamental articles of plastic exports from Australia, comprising 55% of total exports. The second position in the ranking was taken by Papua New Guinea ($X), with an 11% share of total exports. It was followed by Singapore, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand stood at +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+100.7% per year) and Singapore (+53.2% per year).

Export Prices by Country

The average plastic ornamental articles export price stood at $X per ton in 2022, surging by 39% against the previous year. Over the period under review, the export price, however, showed a noticeable contraction. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Canada ($X per ton) and Papua New Guinea ($X per ton), while the average price for exports to France ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+0.2%), while the prices for the other major destinations experienced a decline.

Plastic Ornamental Articles Imports

Imports into Australia

Plastic ornamental articles imports into Australia fell to X tons in 2022, which is down by -5.3% compared with the year before. Overall, imports continue to indicate a deep setback. The growth pace was the most rapid in 2021 when imports increased by 11% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic ornamental articles imports amounted to $X in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 26%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest plastic ornamental articles supplier to Australia, with a 90% share of total imports. It was followed by Vietnam (X tons), with a 2.3% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+3.4% per year) and the Philippines (-3.2% per year).

In value terms, China ($X) constituted the largest supplier of statuettes and other ornamental articles of plastic to Australia, comprising 90% of total imports. The second position in the ranking was held by Vietnam ($X), with a 2.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+22.1% per year) and the Philippines (+3.8% per year).

Import Prices by Country

In 2022, the average plastic ornamental articles import price amounted to $X per ton, with an increase of 13% against the previous year. In general, the import price recorded a strong increase. The most prominent rate of growth was recorded in 2018 an increase of 45%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :