Australia and Oceania: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Australia and Oceania

The reaction initiators and accelerators market in Australia and Oceania reached $X in 2022, standing approx. at the previous year. The total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.2% 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 -7.0% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Australia and Oceania

In value terms, reaction initiators and accelerators production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded resilient growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 48%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports in Australia and Oceania

In 2022, overseas shipments of reaction initiators, reaction accelerators and catalytic preparations increased by 117% to X tons, rising for the second consecutive year after two years of decline. In general, exports saw a measured expansion. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, reaction initiators and accelerators exports skyrocketed to $X in 2022. Over the period under review, exports saw temperate growth. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Australia dominates exports structure, recording X tons, which was approx. 97% of total exports in 2022. New Zealand (X tons) took a relatively small share of total exports.

Australia was also the fastest-growing in terms of the reaction initiators, reaction accelerators and catalytic preparations exports, with a CAGR of +4.7% from 2012 to 2022. New Zealand (-4.3%) illustrated a downward trend over the same period. While the share of Australia (+4.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (-4 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest reaction initiators and accelerators supplier in Australia and Oceania, comprising 93% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 6.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia totaled +6.3%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, stabilizing at the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 128% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+1.5%).

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports in Australia and Oceania

In 2022, supplies from abroad of reaction initiators, reaction accelerators and catalytic preparations was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 17% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, reaction initiators and accelerators imports surged to $X in 2022. In general, imports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2018 with an increase of 17% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Australia prevails in imports structure, recording X tons, which was near 89% of total imports in 2022. It was distantly followed by New Zealand (X tons), making up a 7.8% share of total imports.

Imports into Australia decreased at an average annual rate of -5.7% from 2012 to 2022. New Zealand (-4.5%) illustrated a downward trend over the same period. While the share of Australia (-3.2 p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported reaction initiators, reaction accelerators and catalytic preparations in Australia and Oceania, comprising 85% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 10% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at -5.5%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, with an increase of 11% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by 47%. Over the period under review, import prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2022.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+0.3%).

Source: IndexBox Platform

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