Australia and Oceania: Plastic Furniture Market 2024

Plastic Furniture Market Size in Australia and Oceania

After two years of growth, the plastic furniture market in Australia and Oceania decreased by X% to $X in 2023. Overall, consumption saw a slight slump. The level of consumption peaked at $X in 2022, and then dropped sharply in the following year.

Plastic Furniture Production in Australia and Oceania

In value terms, plastic furniture production stood at $X in 2023 estimated in export price. Over the period under review, production, however, saw a pronounced reduction. The growth pace was the most rapid in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2023, production growth remained at a somewhat lower figure.

Plastic Furniture Exports

Exports in Australia and Oceania

In 2023, exports of furniture of plastic in Australia and Oceania expanded slightly to X units, surging by X% on 2022 figures. In general, exports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, plastic furniture exports amounted to $X in 2023. Over the period under review, exports, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Australia was the major exporter of furniture of plastic in Australia and Oceania, with the volume of exports accounting for X units, which was near X% of total exports in 2023. It was distantly followed by New Zealand (X units), constituting a X% share of total exports.

Australia was also the fastest-growing in terms of the furniture of plastic exports, with a CAGR of X% from 2012 to 2023. 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 2023, respectively.

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

In Australia, plastic furniture exports shrank by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2023, standing approx. at the previous year. Export price indicated a modest expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, plastic furniture export price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while Australia stood at $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Plastic Furniture Imports

Imports in Australia and Oceania

In 2023, the amount of furniture of plastic imported in Australia and Oceania fell significantly to X units, reducing by X% against the year before. Over the period under review, imports showed a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of X%. The volume of import peaked at X units in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, plastic furniture imports dropped significantly to $X in 2023. In general, imports showed a mild curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then shrank dramatically in the following year.

Imports by Country

Australia represented the largest importing country with an import of about X units, which recorded X% of total imports. It was distantly followed by New Zealand (X units), creating a X% share of total imports. Papua New Guinea (X units), Fiji (X units) and French Polynesia (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to plastic furniture imports into Australia stood at X%. At the same time, Papua New Guinea (X%) and French Polynesia (X%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2023. Fiji experienced a relatively flat trend pattern. By contrast, New Zealand (X%) illustrated a downward trend over the same period. While the share of Papua New Guinea (X p.p.), New Zealand (X p.p.) and French Polynesia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Australia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported furniture of plastic in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with an X% share of total imports. It was followed by French Polynesia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Australia stood at X%. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and French Polynesia (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2023, surging by X% against the previous year. Import price indicated a remarkable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, plastic furniture import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Australia ($X per unit), while Papua New Guinea ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform