Australia and Oceania: Peroxides Of Sodium Market 2024

Peroxides Of Sodium Market Size in Australia and Oceania

In 2021, after three years of growth, there was significant decline in the peroxides of sodium market in Australia and Oceania, when its value decreased by -5.1% to $X. Over the period under review, consumption recorded a slight descent. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Peroxides Of Sodium Production in Australia and Oceania

In value terms, peroxides of sodium production reduced modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 37% against the previous year. The level of production peaked at $X in 2020, and then reduced slightly in the following year.

Peroxides Of Sodium Exports

Exports in Australia and Oceania

In 2021, overseas shipments of peroxides of sodium or potassium increased by 162% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2013 when exports increased by 207%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, peroxides of sodium exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a deep slump. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of peroxides of sodium or potassium, namely Australia, represented more than two-thirds of total export.

Australia was also the fastest-growing in terms of the peroxides of sodium or potassium exports, with a CAGR of -8.8% from 2012 to 2021. From 2012 to 2021, the share of Australia increased by +1.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Australia, peroxides of sodium exports shrank by an average annual rate of -8.3% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, with an increase of 11% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 112% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, 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 2021, the rate of growth in terms of prices for Australia amounted to +0.6% per year.

Peroxides Of Sodium Imports

Imports in Australia and Oceania

In 2021, the amount of peroxides of sodium or potassium imported in Australia and Oceania fell notably to X tons, with a decrease of -20.3% compared with 2020. In general, imports continue to indicate a sharp decline. The growth pace was the most rapid in 2019 when imports increased by 21% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, peroxides of sodium imports surged to $X in 2021. Overall, imports recorded a mild descent. The most prominent rate of growth was recorded in 2016 when imports increased by 139% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Solomon Islands (X tons) and Australia (X tons) were the key importers of peroxides of sodium or potassium in 2021, amounting to approx. 33% and 32% of total imports, respectively. New Caledonia (X kg) took the next position in the ranking, followed by Papua New Guinea (X kg) and New Zealand (X kg). All these countries together held approx. 30% share of total imports. French Polynesia (X kg) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Solomon Islands (with a CAGR of +13.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constitutes the largest market for imported peroxides of sodium or potassium in Australia and Oceania, comprising 75% of total imports. The second position in the ranking was held by New Caledonia ($X), with an 18% share of total imports. It was followed by Solomon Islands, with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia amounted to +5.6%. In the other countries, the average annual rates were as follows: New Caledonia (-1.2% per year) and Solomon Islands (+5.5% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, growing by 70% against the previous year. Overall, the import price saw a significant increase. The growth pace was the most rapid in 2018 an increase of 339%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Australia ($X per ton), while French Polynesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+24.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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