Australia and Oceania: Sulphites Market 2024

Sulphites Market Size in Australia and Oceania

The sulphites market in Australia and Oceania skyrocketed to $X in 2022, rising by 24% against the previous year. The total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +35.3% against 2020 indices. The level of consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Sulphites Production in Australia and Oceania

In value terms, sulphites production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when the production volume increased by 15%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Sulphites Exports

Exports in Australia and Oceania

Sulphites exports contracted notably to X tons in 2022, which is down by -43.8% compared with the previous year. Over the period under review, exports saw a pronounced setback. The growth pace was the most rapid in 2016 when exports increased by 149% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, sulphites exports shrank significantly to $X in 2022. Overall, exports recorded a slight setback. The most prominent rate of growth was recorded in 2016 with an increase of 249%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Australia dominates exports structure, reaching X tons, which was approx. 98% 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 sulphites exports, with a CAGR of -1.9% from 2012 to 2022. New Zealand (-9.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Australia increased by +2.2 percentage points.

In value terms, Australia ($X) remains the largest sulphites supplier in Australia and Oceania, comprising 98% of total exports. The second position in the ranking was held by New Zealand ($X), with a 1.8% share of total exports.

In Australia, sulphites exports plunged by an average annual rate of -1.6% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 245% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 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 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 (+0.3%).

Sulphites Imports

Imports in Australia and Oceania

In 2022, purchases abroad of sulphites decreased by -1.9% to X tons, falling for the third year in a row after three years of growth. The total import volume increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 28% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, sulphites imports soared to $X in 2022. Total imports indicated a buoyant increase 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, imports increased by +57.7% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of 37%. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

Australia prevails in imports structure, amounting to X tons, which was near 83% of total imports in 2022. New Zealand (X tons) held the second position in the ranking, followed by Papua New Guinea (X tons). All these countries together took approx. 16% share of total imports.

Australia was also the fastest-growing in terms of the sulphites imports, with a CAGR of +6.9% from 2012 to 2022. New Zealand (-4.5%) and Papua New Guinea (-10.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Australia increased by +30 percentage points.

In value terms, Australia ($X) constitutes the largest market for imported sulphites in Australia and Oceania, comprising 82% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 10% share of total imports.

In Australia, sulphites imports increased at an average annual rate of +11.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (-0.2% per year) and Papua New Guinea (-8.6% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, surging by 40% against the previous year. Import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphites import price increased by +61.3% against 2020 indices. 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 (+4.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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