Australia's Vacuum Flasks and Vessels Market: 12M units and $156M value projected by 2035 - News and Statistics - IndexBox

Jun 10, 2025

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IndexBox has just published a new report: Australia - Vacuum Vessels - Market Analysis, Forecast, Size, Trends And Insights.

The article discusses the expected growth of the vacuum flasks and vessels market in Australia, with forecasts indicating a CAGR of +1.1% in volume and +1.2% in value from 2024 to 2035. By the end of 2035, the market volume is projected to reach 12M units and the market value to reach $156M.

Driven by increasing demand for vacuum flasks and vessels in Australia, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.1% for the period from 2024 to 2035, which is projected to bring the market volume to 12M units by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +1.2% for the period from 2024 to 2035, which is projected to bring the market value to $156M (in nominal wholesale prices) by the end of 2035.

For the tenth year in a row, Australia recorded growth in consumption of vacuum flasks and vessels, which increased by 28% to 11M units in 2024. Over the period under review, consumption saw a significant increase. Over the period under review, consumption hit record highs in 2024 and is expected to retain growth in years to come.

The value of the vacuum flask and vessel market in Australia surged to $138M in 2024, increasing by 27% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed significant growth. Over the period under review, the market hit record highs in 2024 and is likely to see gradual growth in the immediate term.

In 2024, imports of vacuum flasks and vessels into Australia skyrocketed to 11M units, rising by 27% against the year before. In general, imports saw a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 61% against the previous year. Imports peaked in 2024 and are likely to continue growth in years to come.

In value terms, vacuum flask and vessel imports surged to $155M in 2024. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 81%. Imports peaked in 2024 and are expected to retain growth in years to come.

In 2024, China (10M units) was the main vacuum flask and vessel supplier to Australia, with a approx. 93% share of total imports.

From 2013 to 2024, the average annual rate of growth in terms of volume from China stood at +24.2%.

In value terms, China ($145M) constituted the largest supplier of vacuum flasks and vessels to Australia.

From 2013 to 2024, the average annual rate of growth in terms of value from China stood at +31.2%.

In 2024, the average vacuum flask and vessel import price amounted to $14 per unit, approximately reflecting the previous year. Overall, import price indicated resilient growth from 2013 to 2024: its price increased at an average annual rate of +5.2% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, vacuum flask and vessel import price decreased by -3.3% against 2022 indices. The pace of growth was the most pronounced in 2014 an increase of 32%. Over the period under review, average import prices reached the peak figure at $15 per unit in 2022; however, from 2023 to 2024, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2013 to 2024, the rate of growth in terms of prices for China amounted to +5.6% per year.

In 2024, approx. 210K units of vacuum flasks and vessels were exported from Australia; picking up by 3.5% against 2023 figures. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 720% against the previous year. The exports peaked in 2024 and are likely to see gradual growth in the near future.

In value terms, vacuum flask and vessel exports soared to $3M in 2024. In general, exports saw a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 766%. Over the period under review, the exports attained the maximum in 2024 and are likely to see gradual growth in the near future.

New Zealand (161K units) was the main destination for vacuum flask and vessel exports from Australia, accounting for a 76% share of total exports. Moreover, vacuum flask and vessel exports to New Zealand exceeded the volume sent to the second major destination, Japan (5.7K units), more than tenfold. The third position in this ranking was taken by Hong Kong SAR (5.1K units), with a 2.4% share.

From 2013 to 2024, the average annual rate of growth in terms of volume to New Zealand totaled +57.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+117.9% per year) and Hong Kong SAR (+111.4% per year).

In value terms, New Zealand ($2.2M) remains the key foreign market for vacuum flasks and vessels exports from Australia, comprising 72% of total exports. The second position in the ranking was held by Japan ($89K), with a 3% share of total exports. It was followed by Hong Kong SAR, with a 2.3% share.

From 2013 to 2024, the average annual rate of growth in terms of value to New Zealand stood at +60.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+111.1% per year) and Hong Kong SAR (+108.8% per year).

In 2024, the average vacuum flask and vessel export price amounted to $14 per unit, rising by 14% against the previous year. Overall, the export price, however, recorded a deep contraction. The pace of growth was the most pronounced in 2014 when the average export price increased by 90%. Over the period under review, the average export prices reached the maximum at $106 per unit in 2015; however, from 2016 to 2024, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2024, amid the top suppliers, the countries with the highest prices were Japan ($16 per unit) and the Netherlands ($15 per unit), while the average price for exports to New Zealand ($13 per unit) and Hong Kong SAR ($13 per unit) were amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for vacuum flask and vessel in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Export

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles