Australia: Market for Inorganic Oxygen Compounds Of Non-Metals 2024

Market Size for Inorganic Oxygen Compounds Of Non-Metals in Australia

The Australian market for inorganic oxygen compounds of non-metals shrank markedly to $X in 2021, waning by -21% against the previous year. Overall, consumption, however, recorded resilient growth. Inorganic oxygen compounds of non-metals consumption peaked at $X in 2020, and then contracted sharply in the following year.

Production of Inorganic Oxygen Compounds Of Non-Metals in Australia

In value terms, inorganic oxygen compounds of non-metals production reduced notably to $X in 2021 estimated in export price. Overall, production, however, posted a prominent increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 91% against the previous year. Inorganic oxygen compounds of non-metals production peaked at $X in 2020, and then contracted markedly in the following year.

Exports of Inorganic Oxygen Compounds Of Non-Metals

Exports from Australia

In 2021, shipments abroad of inorganic oxygen compounds of non-metals decreased by -24.9% to X tons, falling for the fourth year in a row after four years of growth. In general, exports showed a dramatic decline. The pace of growth appeared the most rapid in 2015 with an increase of 15% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, inorganic oxygen compounds of non-metals exports fell remarkably to $X in 2021. Over the period under review, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 25% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

New Zealand (X tons) was the main destination for inorganic oxygen compounds of non-metals exports from Australia, with a 64% share of total exports. Moreover, inorganic oxygen compounds of non-metals exports to New Zealand exceeded the volume sent to the second major destination, the UK (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume to New Zealand totaled -2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-3.8% per year) and Papua New Guinea (+50.3% per year).

In value terms, the UK ($X) remains the key foreign market for inorganic oxygen compounds of non-metals exports from Australia, comprising 68% of total exports. The second position in the ranking was taken by New Zealand ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK stood at +11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (-4.0% per year) and Papua New Guinea (+26.7% per year).

Export Prices by Country

The average export price for inorganic oxygen compounds of non-metals stood at $X per ton in 2021, falling by -3.8% against the previous year. Overall, the export price, however, recorded resilient growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 57% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then shrank slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to New Zealand ($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 Canada (+34.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Inorganic Oxygen Compounds Of Non-Metals

Imports into Australia

Inorganic oxygen compounds of non-metals imports into Australia rose rapidly to X tons in 2021, growing by 9% on the previous year's figure. Over the period under review, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by 155% against the previous year. 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, inorganic oxygen compounds of non-metals imports reached $X in 2021. Overall, imports recorded buoyant growth. The growth pace was the most rapid in 2017 when imports increased by 107%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and Germany (X tons) were the main suppliers of inorganic oxygen compounds of non-metals imports to Australia, together accounting for 74% of total imports. Hungary, Austria, Malaysia, the United States, Argentina, Belgium and New Zealand lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +61.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and Hungary ($X) appeared to be the largest inorganic oxygen compounds of non-metals suppliers to Australia, with a combined 79% share of total imports.

Taiwan (Chinese), with a CAGR of +59.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for inorganic oxygen compounds of non-metals amounted to $X per ton, which is down by -5.3% against the previous year. Overall, the import price, however, continues to indicate buoyant growth. The growth pace was the most rapid in 2018 when the average import price increased by 98% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2020, and then fell in the following year.

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 Argentina ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+30.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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