Price for Waste, Parings and Scrap, of Plastics in Australia - 2023

Contents:

1. Price for Waste, Parings and Scrap, of Plastics in Australia (FOB) - 2023
2. Price for Waste, Parings and Scrap, of Plastics in Australia (CIF) - 2023
3. Exports of Waste, Parings and Scrap, of Plastics in Australia
4. Imports of Waste, Parings and Scrap, of Plastics in Australia

Price for Waste, Parings and Scrap, of Plastics in Australia (FOB) - 2023

The average export price for waste, parings and scrap, of plasticses stood at $278 per ton in December 2023, picking up by 21% against the previous month. In general, the export price, however, showed a deep slump. The growth pace was the most rapid in April 2023 an increase of 48% against the previous month. The export price peaked at $643 per ton in December 2022; however, from January 2023 to December 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was the Philippines ($769 per ton), while the average price for exports to Taiwan (Chinese) ($184 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-0.1%), while the prices for the other major destinations experienced a decline.

Price for Waste, Parings and Scrap, of Plastics in Australia (CIF) - 2023

In December 2023, the average import price for waste, parings and scrap, of plasticses amounted to $841 per ton, growing by 45% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was New Zealand ($1,154 per ton), while the price for Indonesia ($362 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by New Zealand (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Waste, Parings and Scrap, of Plastics in Australia

In 2022, exports of waste, parings and scrap, of plasticses from Australia declined dramatically to 74K tons, reducing by -35.4% against the previous year. In general, exports saw a sharp curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 15% against the previous year.

In value terms, exports of waste, parings and scrap, of plasticses shrank sharply to $41M in 2022. Overall, exports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 134%. As a result, the exports reached the peak of $50M, and then dropped remarkably in the following year.

Top Export Markets for Waste, Parings and Scrap, of Plastics from Australia in 2022:

1. Malaysia (26.4K tons)
2. Indonesia (15.2K tons)
3. Netherlands (5.4K tons)
4. Vietnam (4.4K tons)
5. United States (3.6K tons)
6. Belgium (2.9K tons)
7. New Zealand (2.9K tons)
8. Germany (2.7K tons)
9. Taiwan (Chinese) (1.9K tons)
10. Hong Kong SAR (1.7K tons)
11. Spain (1.3K tons)
12. Portugal (1.2K tons)

Imports of Waste, Parings and Scrap, of Plastics in Australia

In 2022, supplies from abroad of waste, parings and scrap, of plasticses was finally on the rise to reach 11K tons after two years of decline. The total import volume increased at an average annual rate of +4.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of waste, parings and scrap, of plasticses skyrocketed to $8M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +9.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Waste, Parings and Scrap, of Plastics to Australia in 2022:

1. South Korea (4281.4 tons)
2. China (2235.8 tons)
3. Indonesia (1145.4 tons)
4. Singapore (692.8 tons)
5. Taiwan (Chinese) (598.4 tons)
6. Philippines (491.6 tons)
7. Thailand (454.0 tons)
8. Belgium (436.8 tons)
9. Vietnam (250.1 tons)
10. Germany (180.3 tons)
11. Japan (10.1 tons)
12. Netherlands (8.4 tons)

Source: IndexBox Market Intelligence Platform