Australia: Ethanal Market 2024

Ethanal Market Size in Australia

The Australian ethanal market totaled $X in 2022, with an increase of 1.8% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 6.1% against the previous year. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Ethanal Production in Australia

In value terms, ethanal production stood at $X in 2022 estimated in export price. Over the period under review, production, however, showed a mild decline. The growth pace was the most rapid in 2020 with an increase of 7.4% against the previous year. Ethanal production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Ethanal Exports

Exports from Australia

In 2022, approx. X tons of ethanal (acetaldehyde) were exported from Australia; approximately equating 2021. Over the period under review, exports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 2,301% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, ethanal exports surged to $X in 2022. Overall, exports, however, saw a dramatic descent. The pace of growth appeared the most rapid in 2020 when exports increased by 2,555% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X tons) was the main destination for ethanal exports from Australia, with a 90% share of total exports. Moreover, ethanal exports to New Zealand exceeded the volume sent to the second major destination, the Netherlands (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume to New Zealand amounted to -19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (0.0% per year) and China (-45.2% per year).

In value terms, the Netherlands ($X), New Zealand ($X) and China ($X) were the largest markets for ethanal exported from Australia worldwide.

The Netherlands, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average ethanal export price stood at $X per ton in 2022, rising by 199% against the previous year. In general, the export price, however, saw a pronounced downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+21.1%), while the prices for the other major destinations experienced a decline.

Ethanal Imports

Imports into Australia

Ethanal imports into Australia skyrocketed to X tons in 2022, rising by 58% against 2021. In general, imports, however, recorded a deep reduction. The growth pace was the most rapid in 2013 with an increase of 98%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, ethanal imports expanded significantly to $X in 2022. Over the period under review, imports recorded a temperate expansion. The pace of growth appeared the most rapid in 2013 with an increase of 159%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of ethanal to Australia, with a 83% share of total imports. Moreover, ethanal imports from the United States exceeded the figures recorded by the second-largest supplier, Slovenia (X kg), sevenfold. The UK (X kg) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled -5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+32.3% per year) and the UK (-15.9% per year).

In value terms, the United States ($X) constituted the largest supplier of ethanal (acetaldehyde) to Australia, comprising 87% of total imports. The second position in the ranking was held by the UK ($X), with a 6.5% share of total imports. It was followed by Slovenia, with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-3.1% per year) and Slovenia (+32.4% per year).

Import Prices by Country

The average ethanal import price stood at $X per ton in 2022, shrinking by -33.3% against the previous year. In general, the import price, however, showed buoyant growth. The pace of growth was the most pronounced in 2021 an increase of 121%. As a result, import price reached the peak level of $X per ton, and then reduced markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Slovenia ($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 UK (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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