Australia and Oceania: Insulating Board Market 2024

Insulating Board Market Size in Australia and Oceania

The insulating board market in Australia and Oceania shrank to $X in 2022, reducing by -4% against the previous year. Over the period under review, consumption continues to indicate a pronounced decline. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Insulating Board Production in Australia and Oceania

In value terms, insulating board production contracted slightly to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2019 when the production volume increased by 36%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Insulating Board Exports

Exports in Australia and Oceania

In 2022, shipments abroad of insulating board increased by 133% to X cubic meters, rising for the third year in a row after two years of decline. In general, exports, however, showed a perceptible downturn. The growth pace was the most rapid in 2021 when exports increased by 323% against the previous year. Over the period under review, the exports reached the maximum at X cubic meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, insulating board exports surged to $X in 2022. Over the period under review, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 254%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Australia dominates exports structure, amounting to X cubic meters, which was approx. 92% of total exports in 2022. It was distantly followed by New Zealand (X cubic meters), making up a 7.3% share of total exports.

Australia was also the fastest-growing in terms of the insulating board exports, with a CAGR of +31.3% from 2012 to 2022. New Zealand (-25.7%) illustrated a downward trend over the same period. Australia (+88 p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by -88.5% from 2012 to 2022, respectively.

In value terms, Australia ($X) remains the largest insulating board supplier in Australia and Oceania, comprising 76% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to +9.6%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per cubic meter in 2022, dropping by -49.3% against the previous year. In general, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2014 an increase of 134% against the previous year. As a result, the export price attained the peak level of $X per cubic meter. From 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per cubic meter), while Australia totaled $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+7.5%).

Insulating Board Imports

Imports in Australia and Oceania

In 2022, the amount of insulating board imported in Australia and Oceania skyrocketed to X cubic meters, rising by 85% compared with 2021 figures. Total imports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +103.7% against 2019 indices. Over the period under review, imports attained the peak figure at X cubic meters in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, insulating board imports soared to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Australia (X cubic meters) represented the major importer of insulating board, mixing up 67% of total imports. New Zealand (X cubic meters) ranks second in terms of the total imports with a 12% share, followed by French Polynesia (8%) and Papua New Guinea (4.8%). Fiji (X cubic meters) and New Caledonia (X cubic meters) held a little share of total imports.

Australia experienced a relatively flat trend pattern with regard to volume of imports of insulating board. At the same time, French Polynesia (+16.6%), New Caledonia (+3.6%), Papua New Guinea (+3.4%), New Zealand (+2.8%) and Fiji (+1.6%) displayed positive paces of growth. Moreover, French Polynesia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +16.6% from 2012-2022. French Polynesia (+5.9 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -7.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported insulating board in Australia and Oceania, comprising 71% of total imports. The second position in the ranking was held by New Zealand ($X), with an 11% share of total imports. It was followed by French Polynesia, with an 8.7% share.

In Australia, insulating board imports declined by an average annual rate of -1.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+0.9% per year) and French Polynesia (+10.8% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per cubic meter, falling by -5.3% against the previous year. In general, the import price recorded a noticeable decrease. The pace of growth was the most pronounced in 2019 an increase of 33% against the previous year. As a result, import price attained the peak level of $X per cubic meter. From 2020 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Caledonia ($X per cubic meter), while Papua New Guinea ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Fiji (+0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :