Australia and Oceania: Carbonate Market 2024

Carbonate Market Size in Australia and Oceania

In 2021, the carbonate market in Australia and Oceania decreased by -0.8% to $X, falling for the third consecutive year after five years of growth. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Carbonate Production in Australia and Oceania

In value terms, carbonate production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 16%. Over the period under review, production reached the maximum level at $X in 2019; afterwards, it flattened through to 2021.

Carbonate Exports

Exports in Australia and Oceania

In 2021, approx. X tons of carbonates and peroxocarbonates were exported in Australia and Oceania; with an increase of 7% on the previous year. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -1.5% against 2018 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 68%. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, carbonate exports reached $X in 2021. In general, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 76% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Australia represented the main exporting country with an export of around X tons, which finished at 87% of total exports. It was distantly followed by New Zealand (X tons), creating a 12% share of total exports.

Australia was also the fastest-growing in terms of the carbonates and peroxocarbonates exports, with a CAGR of +9.1% from 2012 to 2021. At the same time, New Zealand (+7.6%) displayed positive paces of growth. While the share of Australia (+2.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest carbonate supplier in Australia and Oceania, comprising 95% of total exports. The second position in the ranking was held by New Zealand ($X), with a 2.1% share of total exports.

In Australia, carbonate exports expanded at an average annual rate of +12.3% over the period from 2012-2021.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, reducing by -2.3% against the previous year. Export price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, carbonate export price decreased by -25.0% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the export price increased by 40% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices failed to regain momentum.

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 New Zealand (+5.0%).

Carbonate Imports

Imports in Australia and Oceania

In 2021, supplies from abroad of carbonates and peroxocarbonates decreased by -5.2% to X tons, falling for the fourth year in a row after two years of growth. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -13.3% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of 51%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, carbonate imports fell to $X in 2021. Total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -6.2% against 2018 indices. The pace of growth was the most pronounced in 2014 with an increase of 37% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Australia prevails in imports structure, amounting to X tons, which was near 87% of total imports in 2021. It was distantly followed by New Zealand (X tons), making up a 9.9% share of total imports. New Caledonia (X tons) took a minor share of total imports.

Australia was also the fastest-growing in terms of the carbonates and peroxocarbonates imports, with a CAGR of +8.4% from 2012 to 2021. New Zealand and New Caledonia experienced a relatively flat trend pattern. From 2012 to 2021, the share of Australia increased by +11 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported carbonates and peroxocarbonates in Australia and Oceania, comprising 86% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 12% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Australia stood at +9.3%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (-3.0% per year) and New Caledonia (-6.5% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, increasing by 2.1% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 12%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per ton), while New Caledonia ($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 (+0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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