Australia and Oceania: Market for Butene (Butylene) And Isomers Thereof 2024

Market Size for Butene (Butylene) And Isomers Thereof in Australia and Oceania

The butene and isomers thereof market in Australia and Oceania totaled $X in 2021, increasing by 7.6% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Butene (Butylene) And Isomers Thereof in Australia and Oceania

In value terms, butene and isomers thereof production rose modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 16%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Exports of Butene (Butylene) And Isomers Thereof

Exports in Australia and Oceania

In 2021, the amount of butene (butylene) and isomers thereof exported in Australia and Oceania reduced remarkably to X kg, with a decrease of -21.1% compared with the year before. Over the period under review, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2013 when exports increased by 113% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, butene and isomers thereof exports dropped to $X in 2021. Overall, exports continue to indicate a slight descent. The pace of growth was the most pronounced in 2018 with an increase of 88% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Australia dominates exports structure, amounting to X kg, which was near 92% of total exports in 2021. It was distantly followed by New Zealand (X kg), committing an 8.5% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to butene and isomers thereof exports from Australia stood at -6.7%. At the same time, New Zealand (+6.5%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +6.5% from 2012-2021. While the share of New Zealand (+5.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Australia (-5.7 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest butene and isomers thereof supplier in Australia and Oceania, comprising 97% of total exports. The second position in the ranking was held by New Zealand ($X), with a 3.3% share of total exports.

In Australia, butene and isomers thereof exports declined by an average annual rate of -1.7% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, picking up by 21% against the previous year. Over the period under review, the export price enjoyed a temperate increase. The growth pace was the most rapid in 2018 an increase of 182%. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in the near future.

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 New Zealand amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+5.3%).

Imports of Butene (Butylene) And Isomers Thereof

Imports in Australia and Oceania

In 2021, imports of butene (butylene) and isomers thereof in Australia and Oceania rose notably to X tons, with an increase of 8% against the previous year. Over the period under review, imports, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by 33%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, butene and isomers thereof imports soared to $X in 2021. In general, imports, however, recorded a mild slump. The most prominent rate of growth was recorded in 2016 with an increase of 38%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Australia dominates imports structure, accounting for X tons, which was near 95% of total imports in 2021. It was distantly followed by New Zealand (X tons), creating a 5.2% share of total imports.

Australia experienced a relatively flat trend pattern with regard to volume of imports of butene (butylene) and isomers thereof. New Zealand (-19.7%) illustrated a downward trend over the same period. Australia (+23 p.p.) significantly strengthened its position in terms of the total imports, while New Zealand saw its share reduced by -23% from 2012 to 2021, respectively.

In value terms, Australia ($X) constitutes the largest market for imported butene (butylene) and isomers thereof in Australia and Oceania, comprising 86% of total imports. The second position in the ranking was held by New Zealand ($X), with a 14% share of total imports.

In Australia, butene and isomers thereof imports expanded at an average annual rate of +4.9% over the period from 2012-2021.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, with an increase of 16% against the previous year. Import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, butene and isomers thereof import price decreased by -16.1% against 2018 indices. The growth pace was the most rapid in 2018 an increase of 56% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+7.5%).

Source: IndexBox Platform

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