Australia: Antimony Oxides Market 2024

Antimony Oxides Market Size in Australia

The Australian antimony oxides market fell remarkably to $X in 2022, dropping by -26% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a abrupt contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Antimony Oxides Exports

Exports from Australia

In 2022, overseas shipments of antimony oxides increased by 2.6% to X tons, rising for the fourth year in a row after two years of decline. Overall, exports, however, showed a precipitous contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 250%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, antimony oxides exports shrank notably to $X in 2022. Over the period under review, exports, however, showed a precipitous slump. The most prominent rate of growth was recorded in 2015 with an increase of 216% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Papua New Guinea (X tons) was the main destination for antimony oxides exports from Australia, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Papua New Guinea amounted to +8.6%.

In value terms, Papua New Guinea ($X) emerged as the key foreign market for antimony oxides exports from Australia.

From 2012 to 2022, the average annual growth rate of value to Papua New Guinea was relatively modest.

Export Prices by Country

The average antimony oxides export price stood at $X per ton in 2022, waning by -39.9% against the previous year. Over the period under review, the export price showed a deep slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 27% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Papua New Guinea.

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to -6.1% per year.

Antimony Oxides Imports

Imports into Australia

In 2022, antimony oxides imports into Australia declined sharply to X tons, with a decrease of -37.8% against 2021. Overall, imports faced a drastic downturn. The growth pace was the most rapid in 2015 when imports increased by 9% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, antimony oxides imports shrank dramatically to $X in 2022. Over the period under review, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest antimony oxides supplier to Australia, with a 84% share of total imports. Moreover, antimony oxides imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), ninefold. South Korea (X tons) ranked third in terms of total imports with a 4.2% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-21.2% per year) and South Korea (+5.8% per year).

In value terms, China ($X) constituted the largest supplier of antimony oxides to Australia, comprising 88% of total imports. The second position in the ranking was taken by the United States ($X), with a 6.6% share of total imports. It was followed by South Korea, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value from China stood at -8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-14.2% per year) and South Korea (+6.5% per year).

Import Prices by Country

In 2022, the average antimony oxides import price amounted to $X per ton, surging by 29% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, antimony oxides import price increased by +94.9% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 51%. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :