Australia: Aromatic Alcohols Market 2024

Aromatic Alcohols Market Size in Australia

The Australian aromatic alcohols market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Aromatic Alcohols Production in Australia

In value terms, aromatic alcohols production surged to $X in 2021 estimated in export price. Overall, the total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -12.2% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 41%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Aromatic Alcohols Exports

Exports from Australia

In 2021, overseas shipments of aromatic alcohols and their derivatives increased by 213% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2016 when exports increased by 1,047% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, aromatic alcohols exports surged to $X in 2021. In general, exports saw significant growth. The growth pace was the most rapid in 2016 with an increase of 404%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

New Zealand (X tons) was the main destination for aromatic alcohols exports from Australia, with a approx. 99% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to New Zealand stood at +42.6%.

In value terms, New Zealand ($X) also remains the key foreign market for aromatic alcohols and their derivatives exports from Australia.

From 2012 to 2021, the average annual growth rate of value to New Zealand stood at +30.2%.

Export Prices by Country

The average aromatic alcohols export price stood at $X per ton in 2021, dropping by -51.5% against the previous year. In general, the export price saw a deep reduction. The most prominent rate of growth was recorded in 2014 an increase of 219%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Indonesia amounted to +21.3% per year.

Aromatic Alcohols Imports

Imports into Australia

In 2021, the amount of aromatic alcohols and their derivatives imported into Australia dropped to X tons, which is down by -2.9% compared with the previous year's figure. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 46% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, aromatic alcohols imports declined to $X in 2021. Over the period under review, total imports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +59.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 76% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), India (X tons) and Germany (X tons) were the main suppliers of aromatic alcohols imports to Australia, with a combined 97% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +14.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest aromatic alcohols suppliers to Australia were China ($X), India ($X) and Germany ($X), together accounting for 91% of total imports.

Germany, with a CAGR of +16.7%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average aromatic alcohols import price amounted to $X per ton, with a decrease of -7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2017 when the average import price increased by 44% against the previous year. The import price peaked at $X per ton in 2020, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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