Australia and Oceania: Ethanal Market 2024

Ethanal Market Size in Australia and Oceania

The ethanal market in Australia and Oceania contracted modestly to $X in 2022, falling by -2.9% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the market value increased by 7.3% against the previous year. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Ethanal Production in Australia and Oceania

In value terms, ethanal production fell modestly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 7.2% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Ethanal Exports

Exports in Australia and Oceania

In 2022, approx. X tons of ethanal (acetaldehyde) were exported in Australia and Oceania; approximately equating 2021. Overall, exports, however, showed a deep setback. The pace of growth appeared the most rapid in 2020 when exports increased by 2,303%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, ethanal exports surged to $X in 2022. In general, exports, however, continue to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 2,558%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of ethanal (acetaldehyde), namely Australia, represented more than two-thirds of total export.

Australia was also the fastest-growing in terms of the ethanal (acetaldehyde) exports, with a CAGR of -19.5% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Australia totaled -22.8%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, increasing by 199% against the previous year. In general, the export price, however, recorded a noticeable shrinkage. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 -4.1% per year.

Ethanal Imports

Imports in Australia and Oceania

In 2022, supplies from abroad of ethanal (acetaldehyde) was finally on the rise to reach X tons after three years of decline. Overall, imports, however, recorded a abrupt slump. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, ethanal imports surged to $X in 2022. Total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -25.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 99% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Australia represented the largest importer of ethanal (acetaldehyde) in Australia and Oceania, with the volume of imports reaching X tons, which was near 64% of total imports in 2022. It was distantly followed by New Zealand (X kg) and Fiji (X kg), together comprising a 33% share of total imports.

Imports into Australia decreased at an average annual rate of -5.5% from 2012 to 2022. At the same time, New Zealand (+10.3%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +10.3% from 2012-2022. By contrast, Fiji (-22.6%) illustrated a downward trend over the same period. While the share of Australia (+21 p.p.) and New Zealand (+20 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Fiji (-36.9 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported ethanal (acetaldehyde) in Australia and Oceania, comprising 66% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 29% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia stood at +3.7%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+16.1% per year) and Fiji (-27.0% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, which is down by -29.7% against the previous year. In general, the import price, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2021 when the import price increased by 232%. As a result, import price reached the peak level of $X per ton, and then declined significantly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Fiji ($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 (+9.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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