Australia and Oceania: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in Australia and Oceania

After three years of decline, the double or complex silicates market in Australia and Oceania increased by 27% to $X in 2021. In general, consumption, however, continues to indicate a pronounced shrinkage. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Production of Double Or Complex Silicates in Australia and Oceania

In value terms, double or complex silicates production rose remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced downturn. The growth pace was the most rapid in 2017 when the production volume increased by 82%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Exports of Double Or Complex Silicates

Exports in Australia and Oceania

In 2021, overseas shipments of double or complex silicates increased by 353% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports posted a tangible expansion. The pace of growth was the most pronounced in 2014 with an increase of 2,469% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, double or complex silicates exports soared to $X in 2021. Overall, exports enjoyed a strong expansion. The growth pace was the most rapid in 2014 with an increase of 956%. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

New Zealand represented the main exporting country with an export of about X tons, which reached 70% of total exports. It was distantly followed by Australia (X tons), creating a 30% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to double or complex silicates exports from New Zealand stood at +2.0%. At the same time, Australia (+8.2%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +8.2% from 2012-2021. Australia (+9.8 p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by -9.8% from 2012 to 2021, respectively.

In value terms, the largest double or complex silicates supplying countries in Australia and Oceania were Australia ($X) and New Zealand ($X).

New Zealand, with a CAGR of +11.1%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, waning by -21.1% against the previous year. Over the period under review, the export price, however, showed a strong expansion. The pace of growth was the most pronounced in 2019 when the export price increased by 932% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 (+8.9%).

Imports of Double Or Complex Silicates

Imports in Australia and Oceania

For the third consecutive year, Australia and Oceania recorded growth in supplies from abroad of double or complex silicates, which increased by 84% to X tons in 2021. Over the period under review, imports continue to indicate a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, double or complex silicates imports soared to $X in 2021. Overall, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2017 when imports increased by 112% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Australia prevails in imports structure, resulting at X tons, which was near 91% of total imports in 2021. It was distantly followed by New Zealand (X tons), committing an 8.9% share of total imports.

Australia was also the fastest-growing in terms of the double or complex silicates imports, with a CAGR of +7.2% from 2012 to 2021. At the same time, New Zealand (+3.7%) displayed positive paces of growth. From 2012 to 2021, the share of Australia increased by +2.6 percentage points.

In value terms, Australia ($X) constitutes the largest market for imported double or complex silicates in Australia and Oceania, comprising 81% of total imports. The second position in the ranking was held by New Zealand ($X), with an 18% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Australia amounted to +11.4%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, falling by -3.8% against the previous year. Import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, double or complex silicates import price decreased by -36.2% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by 62% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the import prices remained at a somewhat lower figure.

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 Australia (+4.0%).

Source: IndexBox Platform

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