The export of plastics and articles thereof from Australia has shown significant fluctuations between 2013 and 2023. The value of exports in 2023 stood at $904.2 Million USD, marking a year-on-year increase of 0.78%. Over the last two years, the trend displayed a moderate growth with variations of 6.11% in 2022 and 15.4% in 2021. Analyzing the last five years, the compound annual growth rate (CAGR) averaged at 1.05%, indicating a slight overall increase despite the substantial dip in 2020.
Looking forward, the forecast suggests a steady upward trend in exports of plastics and articles thereof from Australia. The annual growth rate is expected to stabilize, with the forecasted CAGR over the next five years (up to 2028) projected at 0.64%, resulting in a cumulative growth rate of 3.23%. Future trends to watch for include potential impacts of global trade policies, environmental regulations, and advancements in sustainable plastics technology.
