Australia and Oceania: Polyphenols And Phenol-Alcohols Market 2024

Polyphenols And Phenol-Alcohols Market Size in Australia and Oceania

In 2022, after two years of growth, there was significant decline in the polyphenols and phenol-alcohols market in Australia and Oceania, when its value decreased by -8% to $X. In general, consumption, however, continues to indicate perceptible growth. The level of consumption peaked at $X in 2021, and then dropped in the following year.

Polyphenols And Phenol-Alcohols Production in Australia and Oceania

In value terms, polyphenols and phenol-alcohols production reached $X in 2022 estimated in export price. The total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 -0.0% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 28% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Polyphenols And Phenol-Alcohols Exports

Exports in Australia and Oceania

In 2022, approx. X tons of polyphenols and phenol-alcohols were exported in Australia and Oceania; surging by 9.7% compared with the previous year. In general, exports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 1,438%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, polyphenols and phenol-alcohols exports contracted to $X in 2022. Over the period under review, exports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2019 when exports increased by 815%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, New Zealand (X tons) represented the major exporter of polyphenols and phenol-alcohols, generating 71% of total exports. It was distantly followed by Australia (X tons), creating a 29% share of total exports.

New Zealand was also the fastest-growing in terms of the polyphenols and phenol-alcohols exports, with a CAGR of +59.4% from 2012 to 2022. Australia (-16.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of New Zealand increased by +71 percentage points.

In value terms, New Zealand ($X) remains the largest polyphenols and phenol-alcohols supplier in Australia and Oceania, comprising 95% of total exports. The second position in the ranking was held by Australia ($X), with a 4.9% share of total exports.

In New Zealand, polyphenols and phenol-alcohols exports expanded at an average annual rate of +70.2% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, which is down by -18.5% 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 2017 an increase of 186%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+6.8%).

Polyphenols And Phenol-Alcohols Imports

Imports in Australia and Oceania

In 2022, after two years of growth, there was significant decline in overseas purchases of polyphenols and phenol-alcohols, when their volume decreased by -12.1% to X tons. Overall, imports continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2018 when imports increased by 249% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, polyphenols and phenol-alcohols imports declined to $X in 2022. Over the period under review, imports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of 340% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank in the following year.

Imports by Country

New Zealand was the major importer of polyphenols and phenol-alcohols in Australia and Oceania, with the volume of imports finishing at X tons, which was near 60% of total imports in 2022. It was distantly followed by Australia (X tons), committing a 39% share of total imports.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of +32.2%).

In value terms, the largest polyphenols and phenol-alcohols importing markets in Australia and Oceania were Australia ($X) and New Zealand ($X).

Among the main importing countries, New Zealand, with a CAGR of +28.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, picking up by 5.4% against the previous year. Over the period under review, the import price continues to indicate prominent growth. The growth pace was the most rapid in 2015 when the import price increased by 95% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+22.0%).

Source: IndexBox Platform

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