Australia and Oceania: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Australia and Oceania

In 2022, the market for polyethylene terephthalate and other polyethylene terephthalate in primary forms in Australia and Oceania decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. Overall, consumption, however, faced a significant contraction. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Australia and Oceania

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms fell slightly to $X in 2022 estimated in export price. In general, production, however, recorded a sharp descent. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production of reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports in Australia and Oceania

For the third consecutive year, Australia and Oceania recorded growth in overseas shipments of polyethylene terephthalate and other polyethylene terephthalate in primary forms, which increased by X% to X tons in 2016. Overall, exports, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports of reached the maximum at X tons in 2012; however, from 2013 to 2016, the exports stood at a somewhat lower figure.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms skyrocketed to $X in 2016. Over the period under review, exports posted a tangible increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The level of export peaked in 2016 and is expected to retain growth in the immediate term.

Exports by Country

Australia dominates forms structure, finishing at X tons, which was approx. X% of total exports in 2016. New Zealand (X tons) held a minor share of total exports.

Australia was also the fastest-growing in terms of the polyethylene terephthalate and other polyethylene terephthalate in primary forms exports, with a CAGR of X% from 2012 to 2016. New Zealand (X%) illustrated a downward trend over the same period. While the share of Australia (X p.p.) increased significantly in terms of the total exports from 2012-2016, the share of New Zealand (X p.p.) displayed negative dynamics.

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

From 2012 to 2016, the average annual growth rate of value in Australia stood at X%.

Export Prices by Country

In 2016, the export price in Australia and Oceania amounted to $X per ton, waning by X% against the previous year. Overall, the export price, however, showed a strong increase. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The level of export peaked at $X per ton in 2015, and then reduced remarkably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2016, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports in Australia and Oceania

In 2022, after four years of growth, there was significant decline in supplies from abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms, when their volume decreased by X% to X tons. Overall, imports faced a significant decrease. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms shrank to $X in 2022. Over the period under review, imports showed a sharp decline. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

New Caledonia represented the main importer of polyethylene terephthalate and other polyethylene terephthalate in primary forms in Australia and Oceania, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. It was distantly followed by French Polynesia (X tons) and Fiji (X tons), together constituting a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for New Caledonia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms importing markets in Australia and Oceania were French Polynesia ($X), New Caledonia ($X) and Fiji ($X), with a combined X% share of total imports.

French Polynesia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, almost unchanged from the previous year. In general, the import price, however, recorded a noticeable decline. The growth pace was the most rapid in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, 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 French Polynesia ($X per ton), while New Caledonia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform