Australia: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in Australia

The Australian market for unsaturated polyesters in primary forms reduced remarkably to $X in 2021, waning by -35% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a deep slump. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Exports of Unsaturated Polyesters In Primary Forms

Exports from Australia

In 2021, approx. X tons of unsaturated polyesters in primary forms were exported from Australia; picking up by 223% compared with the previous year. In general, exports recorded strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by 392%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, unsaturated polyesters in primary forms exports soared to $X in 2021. Over the period under review, exports posted prominent growth. The growth pace was the most rapid in 2018 when exports increased by 517%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) was the main destination for unsaturated polyesters in primary forms exports from Australia, with a 64% share of total exports. Moreover, unsaturated polyesters in primary forms exports to the United States exceeded the volume sent to the second major destination, New Zealand (X tons), twofold. The third position in this ranking was held by Indonesia (X tons), with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +50.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+11.9% per year) and Indonesia (-18.3% per year).

In value terms, the United States ($X) remains the key foreign market for unsaturated polyesters in primary forms exports from Australia, comprising 72% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 19% share of total exports. It was followed by Vietnam, with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +40.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+10.0% per year) and Vietnam (+38.9% per year).

Export Prices by Country

In 2021, the average export price for unsaturated polyesters in primary forms amounted to $X per ton, shrinking by -2.5% against the previous year. Overall, export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, unsaturated polyesters in primary forms export price decreased by -8.4% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of 26% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Indonesia ($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 Vietnam (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Unsaturated Polyesters In Primary Forms

Imports into Australia

In 2021, supplies from abroad of unsaturated polyesters in primary forms increased by 4.3% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2014 when imports increased by 58%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, unsaturated polyesters in primary forms imports surged to $X in 2021. Overall, imports, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 34%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Africa (X tons), the United Arab Emirates (X tons) and Singapore (X tons) were the main suppliers of unsaturated polyesters in primary forms imports to Australia, with a combined 53% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of +93.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), the United Arab Emirates ($X) and Singapore ($X) were the largest unsaturated polyesters in primary forms suppliers to Australia, with a combined 51% share of total imports.

In terms of the main suppliers, South Africa, with a CAGR of +80.9%, 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 import price for unsaturated polyesters in primary forms amounted to $X per ton, surging by 13% against the previous year. Over the period under review, the import price, however, showed a mild slump. The most prominent rate of growth was recorded in 2015 when the average import price increased by 22% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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