Australia: Ionones And Methylionones Market 2024

Ionones And Methylionones Market Size in Australia

In 2021, the Australian ionones and methylionones market increased by 7.4% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +10.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +27.7% against 2019 indices. Ionones and methylionones consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Ionones And Methylionones Exports

Exports from Australia

In 2021, exports of ionones and methylionones from Australia declined significantly to X kg, reducing by -66.7% on the year before. In general, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2017 when exports increased by 1,233% against the previous year. As a result, the exports attained the peak of X kg. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, ionones and methylionones exports amounted to $X in 2021. Over the period under review, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 4,234% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Indonesia (X kg) was the main destination for ionones and methylionones exports from Australia, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Indonesia amounted to -7.4%.

In value terms, Indonesia ($X) remains the key foreign market for ionones and methylionones exports from Australia, comprising 92% of total exports. The second position in the ranking was taken by New Zealand ($X), with an 8.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Indonesia stood at -15.5%.

Export Prices by Country

In 2021, the average ionones and methylionones export price amounted to $X per ton, rising by 171% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 189%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

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 New Zealand ($X per ton), while the average price for exports to Indonesia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (-5.8%).

Ionones And Methylionones Imports

Imports into Australia

In 2021, overseas purchases of ionones and methylionones increased by 20% to X tons, rising for the second year in a row after two years of decline. Overall, imports saw a remarkable increase. The pace of growth was the most pronounced in 2020 when imports increased by 77% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, ionones and methylionones imports dropped modestly to $X in 2021. Over the period under review, imports posted a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by 46%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest ionones and methylionones supplier to Australia, with a 28% share of total imports. Moreover, ionones and methylionones imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. Singapore (X tons) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +37.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-5.9% per year) and Singapore (+13.1% per year).

In value terms, the largest ionones and methylionones suppliers to Australia were the United States ($X), China ($X) and the Netherlands ($X), together comprising 63% of total imports. Singapore, India, Germany, Spain, Switzerland and the UK lagged somewhat behind, together accounting for a further 20%.

Germany, with a CAGR of +34.4%, saw 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

The average ionones and methylionones import price stood at $X per ton in 2021, falling by -19.7% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 99%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average 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 Netherlands ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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