Australia and Oceania: Market for Polyethylene Glycols and Polyethers in Primary Forms 2023

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in Australia and Oceania

The polyethylene glycol and polyether market in Australia and Oceania fell to $X in 2021, which is down by -3% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Polyethylene Glycols and Polyethers in Primary Forms in Australia and Oceania

In value terms, polyethylene glycol and polyether production shrank to $X in 2021 estimated in export price. Over the period under review, production saw a noticeable curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 31% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports in Australia and Oceania

In 2021, shipments abroad of polyethylene glycols and polyethers in primary forms decreased by -4.5% to X tons, falling for the fifth year in a row after three years of growth. In general, exports faced a dramatic decrease. The pace of growth was the most pronounced in 2016 with an increase of 29%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, polyethylene glycol and polyether exports fell to $X in 2021. Overall, exports showed a sharp downturn. The pace of growth appeared the most rapid in 2014 when exports increased by 14%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Australia prevails in exports structure, accounting for X tons, which was near 92% of total exports in 2021. It was distantly followed by New Zealand (X tons), committing a 7.9% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to polyethylene glycol and polyether exports from Australia stood at -22.1%. New Zealand (-1.8%) illustrated a downward trend over the same period. While the share of New Zealand (+6.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Australia (-6.8 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest polyethylene glycol and polyether supplier in Australia and Oceania, comprising 91% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 9% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Australia stood at -24.8%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, which is down by -6.1% against the previous year. In general, the export price showed a pronounced setback. The most prominent rate of growth was recorded in 2017 an increase of 16%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (-2.6%).

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports in Australia and Oceania

For the third consecutive year, Australia and Oceania recorded growth in purchases abroad of polyethylene glycols and polyethers in primary forms, which increased by 13% to X tons in 2021. Total imports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +109.1% against 2018 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 53% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, polyethylene glycol and polyether imports soared to $X in 2021. In general, imports posted a notable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia was the key importing country with an import of about X tons, which amounted to 85% of total imports. It was distantly followed by New Zealand (X tons), mixing up a 12% share of total imports. Papua New Guinea (X tons) held a little share of total imports.

Australia was also the fastest-growing in terms of the polyethylene glycols and polyethers in primary forms imports, with a CAGR of +5.8% from 2012 to 2021. Papua New Guinea (-3.5%) and New Zealand (-4.7%) illustrated a downward trend over the same period. Australia (+14 p.p.) significantly strengthened its position in terms of the total imports, while New Zealand saw its share reduced by -13.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported polyethylene glycols and polyethers in primary forms in Australia and Oceania, comprising 86% of total imports. The second position in the ranking was held by New Zealand ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Australia stood at +6.3%. In the other countries, the average annual rates were as follows: New Zealand (-3.6% per year) and Papua New Guinea (-3.5% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, rising by 42% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+1.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :