Australia and Oceania: Sodium Carbonate Market 2024

Sodium Carbonate Market Size in Australia and Oceania

In 2022, the sodium carbonate market in Australia and Oceania was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, showed a mild slump. The pace of growth was the most pronounced in 2016 when the market value increased by 6.1% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sodium Carbonate Production in Australia and Oceania

In value terms, sodium carbonate production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2015 when the production volume increased by 11%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Sodium Carbonate Exports

Exports in Australia and Oceania

In 2022, overseas shipments of sodium carbonate increased by 66% to X tons, rising for the second year in a row after four years of decline. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 17,061%. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, sodium carbonate exports surged to $X in 2022. In general, exports saw a significant expansion. The growth pace was the most rapid in 2015 when exports increased by 11,368%. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Australia (X tons), together reaching 99% of total export.

Australia was also the fastest-growing in terms of the sodium carbonate exports, with a CAGR of -2.5% from 2012 to 2022. Australia (+98 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest sodium carbonate supplier in Australia and Oceania.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at +1.5%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, with an increase of 18% against the previous year. In general, the export price, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when the export price increased by 25%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +4.0% per year.

Sodium Carbonate Imports

Imports in Australia and Oceania

In 2022, the amount of sodium carbonate imported in Australia and Oceania soared to X tons, rising by 16% on 2021 figures. Total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 56% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, sodium carbonate imports skyrocketed to $X in 2022. Overall, imports saw a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia prevails in imports structure, finishing at X tons, which was approx. 89% of total imports in 2022. It was distantly followed by New Zealand (X tons), creating an 8.2% share of total imports. New Caledonia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sodium carbonate imports into Australia stood at +7.5%. At the same time, New Caledonia (+8.6%) and New Zealand (+4.4%) displayed positive paces of growth. Moreover, New Caledonia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +8.6% from 2012-2022. While the share of Australia (+2.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of New Zealand (-2.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported sodium carbonate in Australia and Oceania, comprising 92% of total imports. The second position in the ranking was held by New Zealand ($X), with a 6.8% share of total imports.

In Australia, sodium carbonate imports increased at an average annual rate of +12.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (+2.4% per year) and New Caledonia (+3.1% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, picking up by 40% against the previous year. Import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while New Caledonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+4.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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