Australia: Ether Market 2024

Ether Market Size in Australia

The Australian ether market soared to $X in 2022, surging by 19% 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 moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +79.7% against 2019 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Ether Exports

Exports from Australia

Ether exports from Australia shrank notably to X tons in 2022, with a decrease of -29.4% against the previous year's figure. Overall, exports faced a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of 93%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, ether exports contracted markedly to $X in 2022. Over the period under review, exports showed a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 235% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Papua New Guinea (X tons), New Zealand (X tons) and Timor-Leste (X tons) were the main destinations of ether exports from Australia, with a combined 80% share of total exports. Japan, the UK and China lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +43.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), Papua New Guinea ($X) and Japan ($X) were the largest markets for ether exported from Australia worldwide, together comprising 67% of total exports. Timor-Leste, the UK and China lagged somewhat behind, together comprising a further 23%.

Among the main countries of destination, the UK, with a CAGR of +55.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ether export price stood at $X per ton in 2022, falling by -25% against the previous year. In general, the export price continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2021 when the average export price increased by 111% against the previous year. 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 the UK ($X per ton), while the average price for exports to Timor-Leste ($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 Myanmar (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Ether Imports

Imports into Australia

In 2022, supplies from abroad of ethers increased by 4.2% to X tons, rising for the fourth year in a row after three years of decline. The total import volume increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 12% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, ether imports skyrocketed to $X in 2022. In general, total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +85.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 25% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X tons), the United States (X tons) and Saudi Arabia (X tons) were the main suppliers of ether imports to Australia, together comprising 63% of total imports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +50.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ether suppliers to Australia were China ($X), the United States ($X) and Saudi Arabia ($X), together comprising 66% of total imports.

Among the main suppliers, Saudi Arabia, with a CAGR of +64.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ether import price stood at $X per ton in 2022, picking up by 16% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2018 an increase of 20% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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 Japan ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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