Australia and Oceania: Unsaturated Acyclic Hydrocarbons Market 2024

Unsaturated Acyclic Hydrocarbons Market Size in Australia and Oceania

The unsaturated acyclic hydrocarbons market in Australia and Oceania expanded notably to $X in 2021, picking up by 5.9% against the previous year. Over the period under review, consumption showed a perceptible reduction. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Unsaturated Acyclic Hydrocarbons Production in Australia and Oceania

In value terms, unsaturated acyclic hydrocarbons production soared to $X in 2021 estimated in export price. Overall, production, however, recorded a slight shrinkage. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Unsaturated Acyclic Hydrocarbons Exports

Exports in Australia and Oceania

In 2021, after two years of decline, there was significant growth in shipments abroad of unsaturated acyclic hydrocarbons, when their volume increased by 71% to X tons. Total exports indicated a slight increase from 2012 to 2021: its volume increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, unsaturated acyclic hydrocarbons exports soared to $X in 2021. Over the period under review, exports recorded mild growth. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

New Zealand prevails in exports structure, accounting for X tons, which was near 94% of total exports in 2021. It was distantly followed by Australia (X tons), achieving a 6.1% share of total exports.

New Zealand experienced a relatively flat trend pattern with regard to volume of exports of unsaturated acyclic hydrocarbons. At the same time, Australia (+25.7%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +25.7% from 2012-2021. From 2012 to 2021, the share of Australia increased by +5.3 percentage points.

In value terms, New Zealand ($X) remains the largest unsaturated acyclic hydrocarbons supplier in Australia and Oceania, comprising 96% of total exports. The second position in the ranking was held by Australia ($X), with a 4.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value in New Zealand totaled +1.2%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, surging by 19% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 85% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+0.7%).

Unsaturated Acyclic Hydrocarbons Imports

Imports in Australia and Oceania

In 2021, imports of unsaturated acyclic hydrocarbons in Australia and Oceania reduced remarkably to X tons, with a decrease of -26.8% against the previous year. Overall, imports showed a pronounced downturn. The growth pace was the most rapid in 2014 when imports increased by 126%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, unsaturated acyclic hydrocarbons imports reached $X in 2021. Over the period under review, imports continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2014 with an increase of 167% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Australia prevails in imports structure, reaching X tons, which was approx. 90% of total imports in 2021. It was distantly followed by Papua New Guinea (X tons), comprising a 5.9% share of total imports. New Zealand (X tons) took a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to unsaturated acyclic hydrocarbons imports into Australia stood at -4.0%. At the same time, Papua New Guinea (+18.4%) and New Zealand (+16.0%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +18.4% from 2012-2021. While the share of Papua New Guinea (+4.9 p.p.) and New Zealand (+2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Australia (-8 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported unsaturated acyclic hydrocarbons in Australia and Oceania, comprising 89% of total imports. The second position in the ranking was held by New Zealand ($X), with a 4.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Australia totaled -3.5%. In the other countries, the average annual rates were as follows: New Zealand (+18.8% per year) and Papua New Guinea (+18.2% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, growing by 37% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+2.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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