Australia: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in Australia

In 2022, the Australian halogenated hydrocarbon derivative market increased by 19% to $X, rising for the second year in a row after three years of decline. Overall, consumption, however, recorded a abrupt curtailment. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Halogenated Hydrocarbon Derivative Exports

Exports from Australia

After three years of growth, shipments abroad of halogenated derivatives of hydrocarbons decreased by -63.4% to X tons in 2022. Overall, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 69%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, halogenated hydrocarbon derivative exports contracted sharply to $X in 2022. Over the period under review, exports saw a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 79% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Bangladesh (X tons), New Zealand (X tons) and the United States (X tons) were the main destinations of halogenated hydrocarbon derivative exports from Australia, with a combined 83% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +1.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for halogenated hydrocarbon derivative exported from Australia were New Zealand ($X), Bangladesh ($X) and the United States ($X), with a combined 72% share of total exports.

The United States, with a CAGR of +0.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average halogenated hydrocarbon derivative export price amounted to $X per ton, picking up by 50% against the previous year. In general, the export price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 229%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to New Caledonia ($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 Singapore (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.

Halogenated Hydrocarbon Derivative Imports

Imports into Australia

Halogenated hydrocarbon derivative imports into Australia stood at X tons in 2022, growing by 4.2% on 2021. Overall, imports, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2017 when imports increased by 70% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, halogenated hydrocarbon derivative imports skyrocketed to $X in 2022. In general, imports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 78% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest halogenated hydrocarbon derivative supplier to Australia, accounting for a 64% share of total imports. Moreover, halogenated hydrocarbon derivative imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. The third position in this ranking was held by Japan (X tons), with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+18.0% per year) and Japan (+8.5% per year).

In value terms, China ($X) constituted the largest supplier of halogenated derivatives of hydrocarbons to Australia, comprising 59% of total imports. The second position in the ranking was held by the United States ($X), with a 13% share of total imports. It was followed by India, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value from China totaled -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.9% per year) and India (+24.4% per year).

Import Prices by Country

The average halogenated hydrocarbon derivative import price stood at $X per ton in 2022, picking up by 19% against the previous year. Over the period under review, the import price, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2018 when the average import price increased by 32%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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