Australia: Compound Plasticisers Market 2024

Compound Plasticisers Market Size in Australia

For the sixth year in a row, the Australian compound plasticisers market recorded decline in sales value, which decreased by X% to $X in 2023. Overall, consumption showed a deep contraction. As a result, consumption reached the peak level of $X. From 2014 to 2023, the growth of the market failed to regain momentum.

Compound Plasticisers Production in Australia

In value terms, compound plasticisers production dropped to $X in 2023 estimated in export price. Overall, production saw a abrupt contraction. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2023, production growth remained at a somewhat lower figure.

Compound Plasticisers Exports

Exports from Australia

In 2023, shipments abroad of compound plasticisers for rubber or plastics decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. In general, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, compound plasticisers exports shrank sharply to $X in 2023. Over the period under review, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X tons) was the main destination for compound plasticisers exports from Australia, accounting for a X% share of total exports. Moreover, compound plasticisers exports to New Zealand exceeded the volume sent to the second major destination, Singapore (X tons), more than tenfold. The third position in this ranking was held by Saudi Arabia (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to New Zealand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Saudi Arabia (X% per year).

In value terms, New Zealand ($X) remains the key foreign market for compound plasticisers for rubber or plastics exports from Australia, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with an X% share of total exports. It was followed by Papua New Guinea, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to New Zealand amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Papua New Guinea (X% per year).

Export Prices by Country

The average compound plasticisers export price stood at $X per ton in 2023, falling by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (X%), while the prices for the other major destinations experienced a decline.

Compound Plasticisers Imports

Imports into Australia

In 2023, approx. X tons of compound plasticisers for rubber or plastics were imported into Australia; which is down by X% on 2022 figures. Over the period under review, imports, however, enjoyed a moderate increase. The growth pace was the most rapid in 2020 when imports increased by X%. As a result, imports attained the peak of X tons. From 2021 to 2023, the growth of imports remained at a lower figure.

In value terms, compound plasticisers imports fell markedly to $X in 2023. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Taiwan (Chinese) (X tons) constituted the largest compound plasticisers supplier to Australia, with a X% share of total imports. Moreover, compound plasticisers imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was held by China (X tons), with an X% share.

From 2012 to 2023, the average annual growth rate of volume from Taiwan (Chinese) stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and China (X% per year).

In value terms, the largest compound plasticisers suppliers to Australia were Taiwan (Chinese) ($X), the Netherlands ($X) and Germany ($X), together comprising X% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average compound plasticisers import price stood at $X per ton in 2023, reducing by X% against the previous year. In general, the import price saw a perceptible slump. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2020 to 2023, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform