Australia and Oceania: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Australia and Oceania

In 2022, the barium or aluminium sulphates market in Australia and Oceania increased by 9.5% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +24.5% against 2020 indices. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Sulphates Of Barium Or Aluminium in Australia and Oceania

In value terms, barium or aluminium sulphates production stood at $X in 2022 estimated in export price. Over the period under review, production saw a abrupt downturn. The most prominent rate of growth was recorded in 2013 when the production volume decreased by -16.7% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Sulphates Of Barium Or Aluminium

Exports in Australia and Oceania

In 2022, the amount of sulphates of barium or aluminium exported in Australia and Oceania surged to X tons, rising by 179% on 2021 figures. Overall, exports enjoyed a resilient increase. The pace of growth was the most pronounced in 2016 when exports increased by 420%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, barium or aluminium sulphates exports surged to $X in 2022. Over the period under review, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by 428% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Australia dominates exports structure, reaching X tons, which was near 93% of total exports in 2022. It was distantly followed by New Zealand (X tons), committing a 6% share of total exports.

Australia was also the fastest-growing in terms of the sulphates of barium or aluminium exports, with a CAGR of +17.0% from 2012 to 2022. New Zealand experienced a relatively flat trend pattern. While the share of Australia (+20 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (-17 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest barium or aluminium sulphates supplier in Australia and Oceania, comprising 92% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 6% share of total exports.

In Australia, barium or aluminium sulphates exports increased at an average annual rate of +11.6% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, reducing by -18.9% against the previous year. Overall, the export price continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2014 when the export price increased by 63%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied noticeably 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 amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (-4.6%).

Imports of Sulphates Of Barium Or Aluminium

Imports in Australia and Oceania

In 2022, approx. X tons of sulphates of barium or aluminium were imported in Australia and Oceania; waning by -8.3% compared with 2021. Total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -23.5% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of 78%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, barium or aluminium sulphates imports surged to $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.5% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 57% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

Australia prevails in imports structure, finishing at X tons, which was near 78% of total imports in 2022. Papua New Guinea (X tons) took the second position in the ranking, followed by Fiji (X tons). All these countries together held near 17% share of total imports. The following importers - Guam (X tons) and New Zealand (X tons) - each accounted for a 4% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to barium or aluminium sulphates imports into Australia stood at +9.5%. At the same time, Guam (+15.9%), Papua New Guinea (+8.7%) and Fiji (+1.8%) displayed positive paces of growth. Moreover, Guam emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +15.9% from 2012-2022. By contrast, New Zealand (-19.2%) illustrated a downward trend over the same period. Australia (+24 p.p.) and Papua New Guinea (+2.4 p.p.) significantly strengthened its position in terms of the total imports, while Fiji and New Zealand saw its share reduced by -3.1% and -22.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported sulphates of barium or aluminium in Australia and Oceania, comprising 78% of total imports. The second position in the ranking was held by Fiji ($X), with a 7.2% share of total imports. It was followed by Papua New Guinea, with a 6.6% share.

In Australia, barium or aluminium sulphates imports increased at an average annual rate of +12.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Fiji (+2.5% per year) and Papua New Guinea (+5.2% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, rising by 30% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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