Australia and Oceania: Market for Glycosides And Vegetable Alkaloids 2024

Market Size for Glycosides And Vegetable Alkaloids in Australia and Oceania

In 2021, the glycosides and vegetable alkaloids market in Australia and Oceania decreased by -6.9% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2020, and then declined in the following year.

Production of Glycosides And Vegetable Alkaloids in Australia and Oceania

In value terms, glycosides and vegetable alkaloids production contracted to $X in 2021 estimated in export price. In general, production, however, showed a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of 154% against the previous year. The level of production peaked at $X in 2020, and then declined in the following year.

Exports of Glycosides And Vegetable Alkaloids

Exports in Australia and Oceania

In 2021, overseas shipments of glycosides and vegetable alkaloids decreased by -40.2% to X tons, falling for the second year in a row after four years of growth. Over the period under review, exports saw a noticeable contraction. The pace of growth appeared the most rapid in 2018 when exports increased by 80%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, glycosides and vegetable alkaloids exports reduced markedly to $X in 2021. In general, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 87% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Australia represented the largest exporter of glycosides and vegetable alkaloids in Australia and Oceania, with the volume of exports amounting to X tons, which was approx. 80% of total exports in 2021. It was distantly followed by New Zealand (X tons), achieving a 20% share of total exports.

Exports from Australia decreased at an average annual rate of -6.3% from 2012 to 2021. At the same time, New Zealand (+23.4%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +23.4% from 2012-2021. While the share of New Zealand (+18 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Australia (-18.3 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest glycosides and vegetable alkaloids supplier in Australia and Oceania, comprising 72% of total exports. The second position in the ranking was held by New Zealand ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia amounted to +15.2%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, jumping by 15% against the previous year. In general, the export price posted a significant increase. The growth pace was the most rapid in 2015 an increase of 107% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 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 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 New Zealand (+28.0%).

Imports of Glycosides And Vegetable Alkaloids

Imports in Australia and Oceania

In 2021, imports of glycosides and vegetable alkaloids in Australia and Oceania dropped sharply to X tons, waning by -19.3% against 2020. In general, imports saw a abrupt descent. The growth pace was the most rapid in 2015 when imports increased by 52% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, glycosides and vegetable alkaloids imports reduced to $X in 2021. Over the period under review, imports continue to indicate a deep reduction. The growth pace was the most rapid in 2018 with an increase of 15%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Australia was the main importer of glycosides and vegetable alkaloids in Australia and Oceania, with the volume of imports finishing at X tons, which was near 60% of total imports in 2021. New Zealand (X tons) took a 27% share (based on physical terms) of total imports, which put it in second place, followed by Fiji (12%).

Imports into Australia decreased at an average annual rate of -22.7% from 2012 to 2021. At the same time, Fiji (+3.0%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +3.0% from 2012-2021. By contrast, New Zealand (-6.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of New Zealand and Fiji increased by +20 and +11 percentage points, respectively.

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

In Australia, glycosides and vegetable alkaloids imports decreased by an average annual rate of -10.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: New Zealand (+0.9% per year) and Fiji (+6.1% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, growing by 7.9% against the previous year. In general, the import price saw a strong increase. The most prominent rate of growth was recorded in 2018 when the import price increased by 162%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while Fiji ($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 (+15.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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