Australia and Oceania: Steatite Market 2021

Steatite Market Size in Australia and Oceania

In 2019, the steatite market in Australia and Oceania was finally on the rise to reach $X for the first time since 2016, thus ending a two-year declining trend. In general, consumption showed a abrupt descent. The level of consumption peaked at $X in 2016; however, from 2017 to 2019, consumption stood at a somewhat lower figure.

Steatite Production in Australia and Oceania

In value terms, steatite production contracted to $X in 2019 estimated in export prices. Overall, production recorded a slight decline. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. The level of production peaked at $X in 2014; however, from 2015 to 2019, production stood at a somewhat lower figure.

Production By Country in Australia and Oceania

Australia (X tons) constituted the country with the largest volume of steatite production, accounting for X% of total volume.

From 2007 to 2019, the average annual rate of growth in terms of volume in Australia totaled +X%.

Steatite Exports

Exports in Australia and Oceania

In 2019, overseas shipments of steatites decreased by -X% to X tons for the first time since 2016, thus ending a two-year rising trend. In general, exports, however, continue to indicate temperate growth. The growth pace was the most rapid in 2017 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at X tons in 2018, and then contracted in the following year.

In value terms, steatite exports shrank to $X in 2019. Over the period under review, exports, however, saw modest growth. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons) represented roughly X% of total exports of steatites in 2019.

Australia was also the fastest-growing in terms of the steatites exports, with a CAGR of +X% from 2007 to 2019. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

In Australia, steatite exports remained relatively stable over the period from 2007-2019.

Export Prices by Country

In 2019, the steatite export price in Australia and Oceania amounted to $X per ton, declining by -X% against the previous year. Over the period under review, the export price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2009 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2019, 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 2007 to 2019, the rate of growth in terms of prices for Australia amounted to -X% per year.

Steatite Imports

Imports in Australia and Oceania

After two years of decline, supplies from abroad of steatites increased by X% to X tons in 2019. Total imports indicated pronounced growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2019, imports remained at a lower figure.

In value terms, steatite imports rose modestly to $X in 2019. Total imports indicated a tangible increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Australia (X tons) represented the key importer of steatites, mixing up X% of total imports. It was distantly followed by New Zealand (X tons), constituting a X% share of total imports. Northern Mariana Islands (X tons) held a relatively small share of total imports.

From 2007 to 2019, average annual rates of growth with regard to steatite imports into Australia stood at +X%. At the same time, Northern Mariana Islands (+X%) displayed positive paces of growth. Moreover, Northern Mariana Islands emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +X% from 2007-2019. By contrast, New Zealand (-X%) illustrated a downward trend over the same period. Australia (+X p.p.) and Northern Mariana Islands (+X p.p.) significantly strengthened its position in terms of the total imports, while New Zealand saw its share reduced by -X% from 2007 to 2019, respectively.

In value terms, Australia ($X) constitutes the largest market for imported steatites in Australia and Oceania, comprising X% of total imports. The second position in the ranking was occupied by New Zealand ($X), with a X% share of total imports.

In Australia, steatite imports expanded at an average annual rate of +X% over the period from 2007-2019. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (-X% per year) and Northern Mariana Islands (+X% per year).

Import Prices by Country

The steatite import price in Australia and Oceania stood at $X per ton in 2019, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the import price increased by X% year-to-year. As a result, import price attained the peak level of $X per ton. From 2012 to 2019, the growth in terms of the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2019, the country with the highest price was New Zealand ($X per ton), while Northern Mariana Islands ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by New Zealand, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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