Report Update Nov 1, 2024

Australia - Ethylene - Market Analysis, Forecast, Size, Trends and Insights

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Australia: Ethylene Market 2024

Ethylene Market Size in Australia

The Australian ethylene market contracted to $X in 2021, reducing by -6.4% against the previous year. In general, consumption recorded a pronounced decline. Ethylene consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Ethylene Production in Australia

In value terms, ethylene production reduced to $X in 2021 estimated in export price. Overall, production continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 41%. Ethylene production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Ethylene Exports

Exports from Australia

In 2021, the amount of ethylene exported from Australia declined dramatically to X tons, reducing by -56.3% against the previous year's figure. Over the period under review, exports showed a abrupt setback. The pace of growth was the most pronounced in 2020 when exports increased by 3,755% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, ethylene exports shrank markedly to $X in 2021. Overall, exports saw a dramatic descent. The pace of growth was the most pronounced in 2020 when exports increased by 1,105% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

New Zealand (X tons) and South Korea (X tons) were the main destinations of ethylene exports from Australia.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by New Zealand (with a CAGR of +59.9%).

In value terms, South Korea ($X) and New Zealand ($X) constituted the largest markets for ethylene exported from Australia worldwide.

In terms of the main countries of destination, New Zealand, with a CAGR of +28.4%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average ethylene export price stood at $X per ton in 2021, with a decrease of -15.6% against the previous year. Overall, the export price saw a dramatic shrinkage. The pace of growth was the most pronounced in 2014 an increase of 143%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 South Korea ($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 Papua New Guinea (+53.0%), while the prices for the other major destinations experienced a decline.

Ethylene Imports

Imports into Australia

In 2021, overseas purchases of ethylene increased by 59% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2014 with an increase of 2,149%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, ethylene imports skyrocketed to $X in 2021. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 3,235% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, South Korea (X tons) constituted the largest supplier of ethylene to Australia, accounting for a 83% share of total imports. Moreover, ethylene imports from South Korea exceeded the figures recorded by the second-largest supplier, Singapore (X tons), tenfold. The third position in this ranking was held by China (X tons), with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume from South Korea totaled +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+19.3% per year) and China (+27.6% per year).

In value terms, South Korea ($X) constituted the largest supplier of ethylene to Australia, comprising 77% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports. It was followed by Singapore, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from South Korea amounted to +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+56.7% per year) and Singapore (+25.2% per year).

Import Prices by Country

In 2021, the average ethylene import price amounted to $X per ton, increasing by 38% against the previous year. Over the period under review, the import price saw strong growth. The pace of growth was the most pronounced in 2014 an increase of 48%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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 the United States ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+51.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ethylene in the world?

China constituted the country with the largest volume of ethylene consumption, comprising approx. 23% of total volume. Moreover, ethylene consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with a 9% share.

What are the largest producers of ethylene in the world?

The country with the largest volume of ethylene production was China, comprising approx. 22% of total volume. Moreover, ethylene production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with a 9.3% share.

What are the leading suppliers of ethylene to Australia?

In value terms, the United States and Hong Kong SAR appeared to be the largest ethylene suppliers to Australia.

What are the leading importers of ethylene from Australia?

In value terms, the largest markets for ethylene exported from Australia were South Korea and New Zealand.

What is the average export price for ethylene in Australia?

The average ethylene export price stood at $753 per ton in 2021, waning by -4.2% against the previous year.

What is the average import price for ethylene in Australia?

The average ethylene import price stood at $3,338 per ton in 2021, growing by 38% against the previous year.

This report provides an in-depth analysis of the ethylene market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20141130 - Ethylene

Country coverage:

Australia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Australia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023