Australia: Acyclic Hydrocarbons Market 2022

Acyclic Hydrocarbons Market Size in Australia

In 2020, the Australian acyclic hydrocarbons market decreased by -X% to $X, falling for the second consecutive year after six years of growth. Over the period under review, the total consumption indicated a measured expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2020, consumption failed to regain the momentum.

Acyclic Hydrocarbons Production in Australia

In value terms, acyclic hydrocarbons production declined to $X in 2020 estimated in export prices. Overall, the total production indicated a noticeable expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. Acyclic hydrocarbons production peaked at $X in 2018; however, from 2019 to 2020, production stood at a somewhat lower figure.

Acyclic Hydrocarbons Exports

Exports from Australia

In 2020, after five years of growth, there was significant decline in overseas shipments of acyclic hydrocarbons, when their volume decreased by -X% to X tons. Overall, exports showed a precipitous curtailment. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Exports peaked at X tons in 2009; however, from 2010 to 2020, exports remained at a lower figure.

In value terms, acyclic hydrocarbons exports contracted markedly to $X in 2020. Over the period under review, exports faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Exports peaked at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

New Zealand (X tons), Papua New Guinea (X tons) and South Korea (X tons) were the main destinations of acyclic hydrocarbons exports from Australia, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in Papua New Guinea (+X% per year), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for acyclic hydrocarbons exported from Australia were New Zealand ($X), Papua New Guinea ($X) and Singapore ($X), together comprising X% of total exports.

Among the main countries of destination, Papua New Guinea (+X% per year) saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2020, the average acyclic hydrocarbons export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price recorded strong growth. The pace of growth appeared the most rapid in 2010 when the average export price increased by X% against the previous year. The export price peaked in 2020 and is expected to retain growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was Singapore ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam, while the prices for the other major destinations experienced mixed trend patterns.

Acyclic Hydrocarbons Imports

Imports into Australia

After two years of growth, purchases abroad of acyclic hydrocarbons decreased by -X% to X tons in 2020. Over the period under review, imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2014 when imports increased by X% year-to-year. Imports peaked at X tons in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, acyclic hydrocarbons imports dropped to $X in 2020. Overall, imports recorded a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, imports hit record highs at $X in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

Imports by Country

The U.S. (X tons), Qatar (X tons) and South Korea (X tons) were the main suppliers of acyclic hydrocarbons imports to Australia, together accounting for X% of total imports. These countries were followed by France, China, Singapore and Taiwan (Chinese), which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France, while imports for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Qatar ($X) and South Korea ($X) appeared to be the largest acyclic hydrocarbons suppliers to Australia, with a combined X% share of total imports. China, Singapore, Taiwan (Chinese) and France lagged somewhat behind, together comprising a further X saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average acyclic hydrocarbons import price stood at $X per ton in 2020, with an increase of X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per ton. from 2013 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was China ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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