Australia: Market for Butene (Butylene) And Isomers Thereof 2024

Market Size for Butene (Butylene) And Isomers Thereof in Australia

The Australian butene and isomers thereof market skyrocketed to $X in 2021, picking up by 30% 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, the total consumption indicated a temperate increase 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, consumption increased by +94.4% against 2018 indices. Butene and isomers thereof consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Exports of Butene (Butylene) And Isomers Thereof

Exports from Australia

Butene and isomers thereof exports from Australia fell remarkably to X kg in 2021, reducing by -17.8% compared with the year before. Over the period under review, exports recorded a deep downturn. The growth pace was the most rapid in 2013 with an increase of 116% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, butene and isomers thereof exports fell to $X in 2021. In general, exports saw a mild decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 89%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X kg) was the main destination for butene and isomers thereof exports from Australia, accounting for a 89% share of total exports. Moreover, butene and isomers thereof exports to New Zealand exceeded the volume sent to the second major destination, Papua New Guinea (X kg), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand stood at -3.8%.

In value terms, Papua New Guinea ($X) remains the key foreign market for butene (butylene) and isomers thereof exports from Australia, comprising 71% of total exports. The second position in the ranking was held by New Zealand ($X), with a 29% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Papua New Guinea amounted to +16.6%.

Export Prices by Country

The average butene and isomers thereof export price stood at $X per ton in 2021, jumping by 18% against the previous year. In general, the export price enjoyed strong growth. The pace of growth was the most pronounced in 2018 an increase of 192% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Papua New Guinea ($X per ton), while the average price for exports to New Zealand amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (-0.8%), while the prices for the other major destinations experienced a decline.

Imports of Butene (Butylene) And Isomers Thereof

Imports into Australia

For the third year in a row, Australia recorded growth in overseas purchases of butene (butylene) and isomers thereof, which increased by 16% to X tons in 2021. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 41%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, butene and isomers thereof imports surged to $X in 2021. In general, total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.9% 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 +96.9% against 2018 indices. The pace of growth was the most pronounced in 2019 when imports increased by 62% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest supplier of butene and isomers thereof to Australia, with a 76% share of total imports. Moreover, butene and isomers thereof imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. The third position in this ranking was held by South Korea (X tons), with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) totaled -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+31.3% per year) and South Korea (0.0% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of butene (butylene) and isomers thereof to Australia, comprising 66% of total imports. The second position in the ranking was taken by South Korea ($X), with a 16% share of total imports. It was followed by China, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Taiwan (Chinese) stood at +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (0.0% per year) and China (+54.5% per year).

Import Prices by Country

The average butene and isomers thereof import price stood at $X per ton in 2021, increasing by 20% against the previous year. Over the period under review, the import price showed strong growth. The most prominent rate of growth was recorded in 2018 an increase of 78%. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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