Australia: Market for Chlorates And Perchlorates, Bromates And Perbromates, Iodates And Periodates 2024

Market Size for Chlorates And Perchlorates, Bromates And Perbromates, Iodates And Periodates in Australia

The Australian chlorates, bromates and iodates market expanded rapidly to $X in 2021, increasing by 10% 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, however, recorded a pronounced setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Chlorates And Perchlorates, Bromates And Perbromates, Iodates And Periodates

Exports from Australia

In 2021, the amount of chlorates and perchlorates, bromates and perbromates, iodates and periodates exported from Australia shrank to X tons, reducing by -7.9% against the previous year's figure. Over the period under review, exports continue to indicate a significant decline. The pace of growth was the most pronounced in 2013 with an increase of 146%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, chlorates, bromates and iodates exports soared to $X in 2021. In general, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 118% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

New Zealand (X tons) was the main destination for chlorates, bromates and iodates exports from Australia, with a 84% share of total exports. Moreover, chlorates, bromates and iodates exports to New Zealand exceeded the volume sent to the second major destination, Hong Kong SAR (X kg), more than tenfold. Indonesia (X kg) ranked third in terms of total exports with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume to New Zealand totaled +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (0.0% per year) and Indonesia (-30.3% per year).

In value terms, New Zealand ($X), Hong Kong SAR ($X) and Indonesia ($X) constituted the largest markets for chlorates, bromates and iodates exported from Australia worldwide, together comprising 78% of total exports.

In terms of the main countries of destination, New Zealand, with a CAGR of +0.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average chlorates, bromates and iodates export price stood at $X per ton in 2021, with an increase of 87% against the previous year. Over the period under review, the export price enjoyed significant growth. The pace of growth was the most pronounced in 2016 an increase of 133% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+44.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Chlorates And Perchlorates, Bromates And Perbromates, Iodates And Periodates

Imports into Australia

In 2021, the amount of chlorates and perchlorates, bromates and perbromates, iodates and periodates imported into Australia expanded sharply to X tons, with an increase of 15% on the year before. Over the period under review, imports, however, showed a perceptible descent. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, chlorates, bromates and iodates imports rose sharply to $X in 2021. Overall, imports, however, recorded a pronounced decrease. The growth pace was the most rapid in 2019 when imports increased by 16%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Canada (X tons) was the main supplier of chlorates, bromates and iodates to Australia, with a 90% share of total imports. Moreover, chlorates, bromates and iodates imports from Canada exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Canada amounted to +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-25.5% per year) and Finland (+18.9% per year).

In value terms, Canada ($X) constituted the largest supplier of chlorates and perchlorates, bromates and perbromates, iodates and periodates to Australia, comprising 72% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Canada totaled +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-15.8% per year) and Finland (+23.2% per year).

Import Prices by Country

The average chlorates, bromates and iodates import price stood at $X per ton in 2021, shrinking by -5% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 12% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Finland ($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 (+13.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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