Australia: 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

The Australian market for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at less than $X in 2022, almost unchanged from the previous year. Over the period under review, consumption, however, showed a dramatic slump. The most prominent rate of growth was recorded in 2016 with a decrease of X% against the previous year. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at less than $X in 2022 estimated in export price. In general, production recorded a resilient expansion. The growth pace was the most rapid in 2013 when the production volume increased by X%. Production of peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from Australia

In 2016, the amount of polyethylene terephthalate and other polyethylene terephthalate in primary forms exported from Australia surged to X tons, growing by X% against 2015. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms skyrocketed to $X in 2016. In general, total exports indicated a significant expansion from 2015 to 2016: its value increased at an average annual rate of X% over the last one years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

New Zealand (X tons) was the main destination for exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Australia, accounting for a X% share of total exports. Moreover, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to New Zealand exceeded the volume sent to the second major destination, China (X tons), fivefold. The third position in this ranking was taken by India (X tons), with a X% share.

From 2015 to 2016, the average annual rate of growth in terms of volume to New Zealand stood at X.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and India (X% per year).

In value terms, New Zealand ($X) emerged as the key foreign market for polyethylene terephthalate and other polyethylene terephthalate in primary forms exports from Australia, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2015 to 2016, the average annual growth rate of value to New Zealand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2016, the average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price continues to indicate a sharp shrinkage. Over the period under review, the average export prices hit record highs at $X per ton in 2015, and then fell significantly in the following year.

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

From 2015 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into Australia

In 2016, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms into Australia rose slightly to X tons, with an increase of X% compared with 2015 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2016; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports of hit record highs in 2016 and are likely to see gradual growth in the immediate term.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms fell to $X in 2016. In general, imports, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2016, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2016, China (X tons) constituted the largest supplier of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Australia, with a X% share of total imports. Moreover, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold. The third position in this ranking was taken by Mexico (X tons), with a X% share.

From 2012 to 2016, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Mexico (X% per year).

In value terms, China ($X) constituted the largest supplier of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Australia, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

From 2012 to 2016, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Mexico (X% per year).

Import Prices by Country

The average import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2016, shrinking by X% against the previous year. Over the period under review, the import price faced a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the average import price decreased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2016, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2016, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform