Australia: Aromatic Hydrocarbons Derivatives Market 2024

Aromatic Hydrocarbons Derivatives Market Size in Australia

The Australian aromatic hydrocarbons derivatives market shrank slightly to $X in 2021, falling by -2.6% against the previous year. Over the period under review, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +9.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +4.7% against 2019 indices. Aromatic hydrocarbons derivatives consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Aromatic Hydrocarbons Derivatives Production in Australia

In value terms, aromatic hydrocarbons derivatives production contracted to $X in 2021 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +12.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +4.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 90%. Aromatic hydrocarbons derivatives production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Aromatic Hydrocarbons Derivatives Exports

Exports from Australia

In 2021, shipments abroad of halogenated derivatives of aromatic hydrocarbons decreased by -20.2% to X kg, falling for the second consecutive year after two years of growth. Overall, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 1,072%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, aromatic hydrocarbons derivatives exports declined remarkably to $X in 2021. Over the period under review, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2018 when exports increased by 1,623%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X kg), Singapore (X kg) and Papua New Guinea (X kg) were the main destinations of aromatic hydrocarbons derivatives exports from Australia, with a combined 94% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Papua New Guinea (with a CAGR of +10.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aromatic hydrocarbons derivatives exported from Australia were Singapore ($X), the United States ($X) and Papua New Guinea ($X), with a combined 79% share of total exports.

The United States, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average aromatic hydrocarbons derivatives export price stood at $X per ton in 2021, with a decrease of -29.1% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 340%. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

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 the United States ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Fiji (+85.2%), while the prices for the other major destinations experienced more modest paces of growth.

Aromatic Hydrocarbons Derivatives Imports

Imports into Australia

In 2021, supplies from abroad of halogenated derivatives of aromatic hydrocarbons was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 51%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, aromatic hydrocarbons derivatives imports surged to $X in 2021. In general, imports, however, continue to indicate a noticeable slump. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of aromatic hydrocarbons derivatives to Australia, with a 81% share of total imports. Moreover, aromatic hydrocarbons derivatives imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+1.2% per year) and Germany (-45.4% per year).

In value terms, China ($X) constituted the largest supplier of halogenated derivatives of aromatic hydrocarbons to Australia, comprising 88% of total imports. The second position in the ranking was taken by India ($X), with a 7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (-3.8% per year) and Germany (-37.3% per year).

Import Prices by Country

The average aromatic hydrocarbons derivatives import price stood at $X per ton in 2021, with an increase of 32% against the previous year. Overall, import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 an increase of 58% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+14.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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