Australia and Oceania: Ethanol Market 2024

Ethanol Market Size in Australia and Oceania

The ethanol market in Australia and Oceania expanded notably to $X in 2022, picking up by 6.1% against the previous year. The total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.1% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Ethanol Production in Australia and Oceania

In value terms, ethanol production totaled $X in 2022 estimated in export price. The total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.2% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 25%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Ethanol Exports

Exports in Australia and Oceania

After three years of growth, shipments abroad of ethyl alcohol decreased by -18.6% to X litres in 2022. Over the period under review, exports, however, continue to indicate a pronounced expansion. The pace of growth appeared the most rapid in 2015 with an increase of 343% against the previous year. Over the period under review, the exports attained the maximum at X litres in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, ethanol exports dropped to $X in 2022. Overall, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 248% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then contracted in the following year.

Exports by Country

Australia prevails in exports structure, resulting at X litres, which was near 97% of total exports in 2022. Papua New Guinea (X litres) held a little share of total exports.

Exports from Australia increased at an average annual rate of +4.8% from 2012 to 2022. At the same time, Papua New Guinea (+7.6%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +7.6% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest ethanol supplier in Australia and Oceania, comprising 98% of total exports. The second position in the ranking was held by Papua New Guinea ($X), with a 2.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia stood at +8.2%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per litre, surging by 15% against the previous year. Export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ethanol export price increased by +95.0% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the export price increased by 45%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per litre), while Papua New Guinea totaled $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+3.3%).

Ethanol Imports

Imports in Australia and Oceania

In 2022, imports of ethyl alcohol in Australia and Oceania was estimated at X litres, remaining stable against the previous year. Overall, imports showed a modest increase. The pace of growth appeared the most rapid in 2019 when imports increased by 248%. Over the period under review, imports attained the peak figure at X litres in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, ethanol imports surged to $X in 2022. Over the period under review, imports posted a tangible increase. The pace of growth was the most pronounced in 2019 with an increase of 215%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Australia (X litres) and New Zealand (X litres) prevails in imports structure, together comprising 91% of total imports. Papua New Guinea (X litres) and Solomon Islands (X litres) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Solomon Islands (with a CAGR of +10.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), New Zealand ($X) and Papua New Guinea ($X) constituted the countries with the highest levels of imports in 2022, together comprising 94% of total imports.

In terms of the main importing countries, New Zealand, with a CAGR of +7.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Australia and Oceania stood at $X per litre in 2022, growing by 26% against the previous year. Import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ethanol import price increased by +73.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the import price increased by 49% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Australia ($X per litre) and New Zealand ($X per litre), while Solomon Islands ($X per litre) and Papua New Guinea ($X per litre) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+4.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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