Australia and Oceania: Worked Wax Articles Market 2024

Worked Wax Articles Market Size in Australia and Oceania

The worked wax articles market in Australia and Oceania expanded rapidly to $X in 2022, surging by X% against the previous year. Overall, consumption showed a resilient expansion. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Worked Wax Articles Production in Australia and Oceania

In value terms, worked wax articles production rose notably to $X in 2022 estimated in export price. In general, production posted a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Worked Wax Articles Exports

Exports in Australia and Oceania

In 2022, approx. X units of worked articles of wax were exported in Australia and Oceania; picking up by X% against the year before. Overall, exports recorded temperate growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, worked wax articles exports rose significantly to $X in 2022. Over the period under review, exports saw a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

In 2022, Australia (X units) and New Zealand (X units) represented the main exporter of worked articles of wax in Australia and Oceania, comprising X% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Australia (with a CAGR of X%).

In value terms, the largest worked wax articles supplying countries in Australia and Oceania were Australia ($X) and New Zealand ($X).

In terms of the main exporting countries, Australia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, with an increase of X% against the previous year. Export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while New Zealand totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%).

Worked Wax Articles Imports

Imports in Australia and Oceania

For the third consecutive year, Australia and Oceania recorded growth in supplies from abroad of worked articles of wax, which increased by X% to X units in 2022. Total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, worked wax articles imports surged to $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

Australia was the key importer of worked articles of wax in Australia and Oceania, with the volume of imports finishing at X units, which was approx. X% of total imports in 2022. It was distantly followed by New Zealand (X units), mixing up a X% share of total imports. New Caledonia (X units) and Fiji (X units) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to worked wax articles imports into Australia stood at X%. At the same time, Fiji (X%), New Caledonia (X%) and New Zealand (X%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. While the share of New Caledonia (X p.p.) and Fiji (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of New Zealand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported worked articles of wax in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports. It was followed by New Caledonia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Australia totaled X%. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and New Caledonia (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, remaining constant against the previous year. Import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, worked wax articles import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per unit), while Fiji ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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