Australia: Organo-Inorganic Compounds Market 2024

Organo-Inorganic Compounds Market Size in Australia

The Australian organo-inorganic compounds market soared to $X in 2021, with an increase of 18% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +2.0% 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 +117.9% against 2019 indices. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Organo-Inorganic Compounds Exports

Exports from Australia

In 2021, the amount of organo-inorganic compounds (excluding organo-sulphur compounds) exported from Australia contracted sharply to X tons, reducing by -50% against the previous year. Overall, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2015 with an increase of 561%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, organo-inorganic compounds exports contracted markedly to $X in 2021. In general, exports faced a deep slump. The pace of growth appeared the most rapid in 2019 with an increase of 134% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Papua New Guinea (X tons), New Zealand (X tons) and the United States (X tons) were the main destinations of organo-inorganic compounds exports from Australia, together accounting for 97% 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 +7.4%), while the other leaders experienced a decline.

In value terms, Papua New Guinea ($X), the United States ($X) and New Zealand ($X) appeared to be the largest markets for organo-inorganic compounds exported from Australia worldwide, with a combined 88% share of total exports.

Papua New Guinea, with a CAGR of +3.9%, 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 a decline.

Export Prices by Country

In 2021, the average organo-inorganic compounds export price amounted to $X per ton, dropping by -24.4% against the previous year. Overall, the export price showed a perceptible reduction. The growth pace was the most rapid in 2019 when the average export price increased by 181% against the previous year. Over the period under review, the average export prices attained the maximum 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 the United States ($X per ton), while the average price for exports to New Zealand ($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 New Zealand (-1.0%), while the prices for the other major destinations experienced a decline.

Organo-Inorganic Compounds Imports

Imports into Australia

Organo-inorganic compounds imports into Australia declined sharply to X tons in 2021, reducing by -15.2% on the previous year's figure. Overall, imports showed a mild descent. The pace of growth appeared the most rapid in 2020 with an increase of 109%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, organo-inorganic compounds imports soared to $X in 2021. In general, total imports indicated noticeable growth from 2012 to 2021: its value 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. Based on 2021 figures, imports increased by +140.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 68% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of organo-inorganic compounds to Australia, with a 90% share of total imports. Moreover, organo-inorganic compounds imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was held by the United States (X tons), with a 0.9% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.2% per year) and the United States (-33.0% per year).

In value terms, China ($X) constituted the largest supplier of organo-inorganic compounds (excluding organo-sulphur compounds) to Australia, comprising 84% of total imports. The second position in the ranking was taken by Germany ($X), with a 9% share of total imports. It was followed by the United States, with a 0.9% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.0% per year) and the United States (-29.2% per year).

Import Prices by Country

In 2021, the average organo-inorganic compounds import price amounted to $X per ton, picking up by 69% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per ton), while the price for Belgium ($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 (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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