Australia and Oceania: Market for Activated Natural Mineral Products 2024

Market Size for Activated Natural Mineral Products in Australia and Oceania

The activated natural mineral products market in Australia and Oceania skyrocketed to $X in 2021, surging by 21% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Activated Natural Mineral Products in Australia and Oceania

In value terms, activated natural mineral products production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2020 when the production volume increased by 11% against the previous year. As a result, production reached the peak level of $X, and then fell in the following year.

Exports of Activated Natural Mineral Products

Exports in Australia and Oceania

In 2021, approx. X tons of activated natural mineral products were exported in Australia and Oceania; with an increase of 23% compared with the previous year's figure. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2015 with an increase of 106% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, activated natural mineral products exports fell sharply to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 162% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Papua New Guinea was the main exporting country with an export of around X tons, which reached 74% of total exports. It was distantly followed by Australia (X tons) and New Zealand (X tons), together generating a 26% share of total exports.

Papua New Guinea was also the fastest-growing in terms of the activated natural mineral products exports, with a CAGR of +44.9% from 2012 to 2021. At the same time, Australia (+6.1%) and New Zealand (+5.3%) displayed positive paces of growth. Papua New Guinea (+60 p.p.) significantly strengthened its position in terms of the total exports, while New Zealand and Australia saw its share reduced by -18.7% and -40.4% from 2012 to 2021, respectively.

In value terms, Australia ($X) remains the largest activated natural mineral products supplier in Australia and Oceania, comprising 61% of total exports. The second position in the ranking was held by Papua New Guinea ($X), with a 30% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia amounted to -4.2%. In the other countries, the average annual rates were as follows: Papua New Guinea (+22.7% per year) and New Zealand (+5.5% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, reducing by -33.1% against the previous year. In general, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2013 an increase of 159% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+0.1%), while the other leaders experienced a decline in the export price figures.

Imports of Activated Natural Mineral Products

Imports in Australia and Oceania

In 2021, activated natural mineral products imports in Australia and Oceania amounted to X tons, with an increase of 10% compared with the previous year. In general, imports, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2014 with an increase of 17% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, activated natural mineral products imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Australia (X tons) represented the key importer of activated natural mineral products, comprising 74% of total imports. It was distantly followed by Papua New Guinea (X tons) and New Zealand (X tons), together committing a 24% share of total imports.

Imports into Australia decreased at an average annual rate of -3.9% from 2012 to 2021. Papua New Guinea experienced a relatively flat trend pattern. New Zealand (-6.1%) illustrated a downward trend over the same period. Papua New Guinea (+3.4 p.p.) significantly strengthened its position in terms of the total imports, while New Zealand and Australia saw its share reduced by -2.3% and -2.7% from 2012 to 2021, respectively.

In value terms, Australia ($X) constitutes the largest market for imported activated natural mineral products in Australia and Oceania, comprising 80% of total imports. The second position in the ranking was held by New Zealand ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia stood at +4.6%. In the other countries, the average annual rates were as follows: New Zealand (-2.6% per year) and Papua New Guinea (-3.6% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, surging by 14% against the previous year. Import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, activated natural mineral products import price increased by +21.6% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by 30%. The level of import peaked in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+8.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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