Australia - Plastic Stoppers, Caps and Closures - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPlastic Closure Price in Australia - 2023
Contents:
- Plastic Closure Price in Australia (CIF) - 2023
- Plastic Closure Price in Australia (FOB) - 2022
- Plastic Closure Imports in Australia
- Plastic Closure Exports in Australia
Plastic Closure Price in Australia (CIF) - 2023
The average plastic closure import price stood at $5,091 per ton in August 2023, surging by 10% against the previous month. In general, the import price, however, showed a mild curtailment. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 11% against the previous month. The import price peaked at $6,214 per ton in August 2022; however, from September 2022 to August 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($8,530 per ton), while the price for Italy ($2,469 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the UK (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Plastic Closure Price in Australia (FOB) - 2022
In 2022, the average plastic closure export price amounted to $6,612 per ton, increasing by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2018 when the average export price increased by 21%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to South Africa ($6,612 per ton) and the United States ($6,612 per ton), while the average price for exports to Malaysia ($6,612 per ton) and China ($6,612 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 (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Plastic Closure Imports in Australia
In 2022, after three years of growth, there was significant decline in supplies from abroad of plastic stoppers, caps and closures, when their volume decreased by -7.1% to 32K tons. The total import volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 7.4%. As a result, imports attained the peak of 34K tons, and then contracted in the following year.
In value terms, plastic closure imports expanded notably to $181M in 2022. The total import value increased at an average annual rate of +12.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 14% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Plastic Closure in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 52.6 | 60.5 | 73.4 | 84.3 | 17.0% |
| United States | 13.9 | 13.2 | 15.4 | 16.2 | 5.2% |
| Germany | 8.3 | 8.8 | 12.3 | 13.2 | 16.7% |
| Thailand | 10.6 | 13.6 | 12.1 | 12.4 | 5.4% |
| Taiwan (Chinese) | 5.7 | 6.8 | 7.7 | 6.7 | 5.5% |
| Spain | 1.0 | 1.9 | 3.9 | 6.6 | 87.6% |
| United Kingdom | 4.6 | 5.9 | 4.9 | 5.9 | 8.7% |
| Malaysia | 4.3 | 5.0 | 6.3 | 5.8 | 10.5% |
| New Zealand | 5.6 | 6.5 | 6.3 | 5.8 | 1.2% |
| Italy | 3.0 | 3.7 | 3.0 | 4.4 | 13.6% |
| Others | 18.6 | 20.1 | 20.8 | 19.5 | 1.6% |
| Total | 128 | 146 | 166 | 181 | 12.2% |
Top Suppliers of Plastic Closure to Australia in 2022:
- China (16.5K tons)
- Thailand (2.3K tons)
- Germany (1.8K tons)
- United States (1.7K tons)
- Malaysia (1.6K tons)
- Spain (1.1K tons)
- Taiwan (Chinese) (1.0K tons)
- New Zealand (1.0K tons)
- Italy (0.9K tons)
- United Kingdom (0.8K tons)
Plastic Closure Exports in Australia
In 2022, plastic closure exports from Australia fell significantly to 3.6K tons, waning by -17.3% compared with 2021. Over the period under review, exports showed a slight shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 38%. As a result, the exports attained the peak of 4.4K tons, and then contracted rapidly in the following year.
In value terms, plastic closure exports contracted to $24M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +6.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 49%. As a result, the exports attained the peak of $26M, and then shrank in the following year.
| Export of Plastic Closure in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 9.1 | 7.4 | 10.6 | 8.2 | -3.4% |
| United States | 0.5 | 0.6 | 3.7 | 5.1 | 116.9% |
| South Africa | 3.1 | 3.1 | 4.4 | 3.7 | 6.1% |
| Papua New Guinea | 0.5 | 0.6 | 1.0 | 1.0 | 26.0% |
| Switzerland | N/A | N/A | N/A | 0.9 | 0% |
| Thailand | 0.9 | 0.9 | 0.5 | 0.7 | -8.0% |
| Malaysia | 0.6 | 0.6 | 0.8 | 0.6 | 0.0% |
| China | 0.5 | 0.3 | 0.7 | 0.5 | 0.0% |
| Turkey | N/A | N/A | N/A | 0.4 | 0% |
| Fiji | 0.4 | 0.3 | 0.4 | 0.4 | 0.0% |
| Philippines | 0.5 | 0.5 | 0.2 | 0.2 | -26.3% |
| Chile | 0.6 | 0.2 | 0.6 | 0.2 | -30.7% |
| Russia | 1.8 | 1.2 | 0.3 | N/A | -59.2% |
| Others | 1.8 | 1.8 | 2.9 | 2.1 | 5.3% |
| Total | 20.1 | 17.5 | 26.1 | 24.0 | 6.1% |
Top Export Markets for Plastic Closure from Australia in 2022:
- New Zealand (1238.2 tons)
- United States (778.1 tons)
- South Africa (561.1 tons)
- Papua New Guinea (145.0 tons)
- Switzerland (135.7 tons)
- Thailand (107.1 tons)
- Malaysia (83.6 tons)
- China (79.6 tons)
- Fiji (66.7 tons)
- Turkey (57.1 tons)
- Chile (36.9 tons)
- Philippines (33.8 tons)
This report provides an in-depth analysis of the plastic closure market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22221920 - Plastic caps and capsules for bottles
- Prodcom 22221930 - Plastic stoppers, lids, caps and other closures (excluding for bottles)
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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