Australia: Ethylene Glycol Market 2025

Ethylene Glycol Market Size in Australia

The Australian ethylene glycol market shrank modestly to $X in 2022, reducing by -2% against the previous year. Overall, consumption continues to indicate a mild curtailment. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Ethylene Glycol Production in Australia

In value terms, ethylene glycol production contracted to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable setback. The most prominent rate of growth was recorded in 2014 with an increase of 38% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Ethylene Glycol Exports

Exports from Australia

In 2022, after four years of growth, there was significant decline in shipments abroad of ethylene glycol (ethanediol), when their volume decreased by -90.4% to X tons. Over the period under review, exports saw a abrupt descent. The growth pace was the most rapid in 2013 with an increase of 359% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, ethylene glycol exports dropped dramatically to $X in 2022. In general, exports saw a abrupt decrease. The growth pace was the most rapid in 2020 when exports increased by 133%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Papua New Guinea (X tons), New Zealand (X tons) and Malaysia (X tons) were the main destinations of ethylene glycol exports from Australia, with a combined 87% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +8.4%), while shipments for the other leaders experienced a decline.

In value terms, Papua New Guinea ($X), New Zealand ($X) and Malaysia ($X) were the largest markets for ethylene glycol exported from Australia worldwide, together comprising 96% of total exports.

In terms of the main countries of destination, Papua New Guinea, with a CAGR of -7.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average ethylene glycol export price amounted to $X per ton, jumping by 145% against the previous year. Overall, the export price, however, recorded a pronounced slump. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Papua New Guinea ($X per ton), while the average price for exports to Myanmar ($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 India (+1.3%), while the prices for the other major destinations experienced mixed trend patterns.

Ethylene Glycol Imports

Imports into Australia

Ethylene glycol imports into Australia expanded significantly to X tons in 2022, with an increase of 7.4% against the previous year's figure. Overall, imports saw buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of 174% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, ethylene glycol imports surged to $X in 2022. Over the period under review, imports saw resilient growth. The growth pace was the most rapid in 2015 when imports increased by 253%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia (X tons), Thailand (X tons) and Singapore (X tons) were the main suppliers of ethylene glycol imports to Australia, with a combined 69% share of total imports. China, Indonesia and South Korea lagged somewhat behind, together comprising a further 28%.

From 2013 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +64.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ethylene glycol suppliers to Australia were Thailand ($X), Singapore ($X) and Saudi Arabia ($X), together comprising 69% of total imports. China, Indonesia and South Korea lagged somewhat behind, together comprising a further 26%.

In terms of the main suppliers, China, with a CAGR of +58.1%, saw 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

In 2022, the average ethylene glycol import price amounted to $X per ton, increasing by 18% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 30% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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