From 2013 to 2023, the import value of polyacetals, polyethers, and polycarbonates to Australia experienced a relatively consistent downward trend, with fluctuations such as a significant decline in 2017 followed by slight rebounds in 2018 and 2021. As of 2023, the import value stood at 176.28 million USD.
Year-on-year variations over the last two years indicate a mixed trend: a small increase of 1.58% in 2022 followed by a decrease of 3.56% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years is a decline of 3.39%, reflecting a gradual decrease in import values.
Future trends to watch for:
- Continued decline: Forecasted CAGR of -3.39% from 2024 to 2028 indicates a continuing downward trend.
- Economic and market conditions: Changes in Australia's economic conditions or global supply chain dynamics could impact future import values.
- Innovation in materials: Potential substitution by other advanced materials could either mitigate or exacerbate import decrease.
