Australia and Oceania: Silicates Market 2024

Silicates Market Size in Australia and Oceania

The silicates market in Australia and Oceania was finally on the rise to reach $X in 2021, after two years of decline. The total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -25.3% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Silicates Production in Australia and Oceania

In value terms, silicates production stood at $X in 2021 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -27.0% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 43%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Silicates Exports

Exports in Australia and Oceania

After three years of decline, overseas shipments of silicates, commercial alkali metal silicates increased by 31% to X tons in 2021. Overall, exports, however, showed a abrupt curtailment. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, silicates exports surged to $X in 2021. In general, exports, however, recorded a perceptible downturn. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Australia represented the largest exporter of silicates, commercial alkali metal silicates in Australia and Oceania, with the volume of exports resulting at X tons, which was approx. 80% of total exports in 2021. It was distantly followed by New Zealand (X tons), making up a 20% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to silicates exports from Australia stood at -18.0%. At the same time, New Zealand (+26.2%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +26.2% from 2012-2021. From 2012 to 2021, the share of New Zealand increased by +20 percentage points.

In value terms, Australia ($X) and New Zealand ($X) constituted the countries with the highest levels of exports in 2021.

New Zealand, with a CAGR of +37.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, picking up by 83% against the previous year. Over the period under review, the export price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 an increase of 87% against the previous year. Over the period under review, the export prices attained the peak figure in 2021 and is likely to see gradual growth in the immediate term.

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 2021, the most notable rate of growth in terms of prices was attained by Australia (+14.3%).

Silicates Imports

Imports in Australia and Oceania

After three years of decline, purchases abroad of silicates, commercial alkali metal silicates increased by 43% to X tons in 2021. In general, imports, however, showed a pronounced downturn. 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, silicates imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a pronounced contraction. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Australia (X tons) and New Zealand (X tons) dominates imports structure, together generating 97% of total imports. New Caledonia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by New Caledonia (with a CAGR of +32.2%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Australia ($X), New Zealand ($X) and New Caledonia ($X) constituted the countries with the highest levels of imports in 2021, with a combined 98% share of total imports.

Among the main importing countries, New Caledonia, with a CAGR of +13.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, growing by 2.2% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2016 when the import price increased by 20%. Over the period under review, import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while New Caledonia ($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 (+2.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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