Australia and Oceania: Polyethylene Binder Market 2024

Polyethylene Binder Market Size in Australia and Oceania

In 2022, the polyethylene binder market in Australia and Oceania decreased by X% to $X, falling for the second consecutive year after five years of growth. Over the period under review, consumption recorded a mild slump. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Polyethylene Binder Production in Australia and Oceania

In value terms, polyethylene binder production stood at $X in 2022 estimated in export price. Overall, production, however, continues to indicate a deep downturn. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Polyethylene Binder Exports

Exports in Australia and Oceania

In 2022, exports of polyethylene or polypropylene binder or baler (agricultural) twines in Australia and Oceania reduced remarkably to X tons, which is down by X% compared with the year before. Overall, exports recorded a significant contraction. The pace of growth was the most pronounced in 2021 when exports increased by X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, polyethylene binder exports shrank markedly to $X in 2022. In general, exports recorded a dramatic setback. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia was the key exporter of polyethylene or polypropylene binder or baler (agricultural) twines in Australia and Oceania, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by New Zealand (X kg), making up a X% share of total exports.

Australia was also the fastest-growing in terms of the polyethylene or polypropylene binder or baler (agricultural) twines exports, with a CAGR of X% from 2012 to 2022. New Zealand (X%) illustrated a downward trend over the same period. Australia (X p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by X% from 2012 to 2022, respectively.

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

From 2012 to 2022, the average annual growth rate of value in Australia totaled X%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price posted a resilient increase. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

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

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

Polyethylene Binder Imports

Imports in Australia and Oceania

In 2022, supplies from abroad of polyethylene or polypropylene binder or baler (agricultural) twines decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, polyethylene binder imports fell dramatically to $X in 2022. Over the period under review, imports, however, posted a resilient expansion. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Australia (X tons) was the largest importer of polyethylene or polypropylene binder or baler (agricultural) twines, constituting X% of total imports. It was distantly followed by New Zealand (X tons), committing a X% share of total imports.

Australia was also the fastest-growing in terms of the polyethylene or polypropylene binder or baler (agricultural) twines imports, with a CAGR of X% from 2012 to 2022. New Zealand experienced a relatively flat trend pattern. From 2012 to 2022, the share of Australia increased by X percentage points.

In value terms, Australia ($X) constitutes the largest market for imported polyethylene or polypropylene binder or baler (agricultural) twines in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia totaled X%.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

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

Source: IndexBox Platform

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