Australia: Other Chemical Products Market 2024

Other Chemical Products Market Size in Australia

The Australian other chemical products market amounted to less than $X in 2022, approximately equating the previous year. In general, consumption showed a abrupt slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Other Chemical Products Production in Australia

In value terms, other chemical products production amounted to less than $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 13% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Other Chemical Products Exports

Exports from Australia

In 2016, overseas shipments of other chemical products increased by 18% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, recorded a mild downturn. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2016, the exports failed to regain momentum.

In value terms, other chemical products exports reached $X in 2016. In general, exports, however, showed a abrupt contraction. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2016, the exports remained at a lower figure.

Exports by Country

New Zealand (X tons) was the main destination for other chemical products exports from Australia, accounting for a 34% share of total exports. Moreover, other chemical products exports to New Zealand exceeded the volume sent to the second major destination, Indonesia (X tons), threefold. Brazil (X tons) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2016, the average annual growth rate of volume to New Zealand stood at +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+3.6% per year) and Brazil (+36.4% per year).

In value terms, New Zealand ($X) remains the key foreign market for other chemical products exports from Australia, comprising 35% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 14% share of total exports. It was followed by Papua New Guinea, with an 8.1% share.

From 2012 to 2016, the average annual growth rate of value to New Zealand was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+11.4% per year) and Papua New Guinea (-19.7% per year).

Export Prices by Country

The average other chemical products export price stood at $X per ton in 2016, with a decrease of -15.2% against the previous year. Overall, the export price recorded a deep setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by 18%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2016, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Other Chemical Products Imports

Imports into Australia

In 2016, approx. X tons of other chemical products were imported into Australia; with an increase of 13% against the previous year. The total import volume increased at an average annual rate of +8.2% over the period from 2012 to 2016; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, other chemical products imports totaled $X in 2016. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 3.8%. As a result, imports reached the peak of $X. From 2015 to 2016, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), the United States (X tons) and Malaysia (X tons) were the main suppliers of other chemical products imports to Australia, together comprising 57% of total imports. New Zealand, Germany, Thailand, Taiwan (Chinese), Mexico, Singapore, Japan, France, the UK and South Korea lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2016, the biggest increases were recorded for New Zealand (with a CAGR of +37.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Germany ($X) appeared to be the largest other chemical products suppliers to Australia, with a combined 51% share of total imports. Malaysia, New Zealand, the UK, Japan, Thailand, Singapore, France, Taiwan (Chinese), Mexico and South Korea lagged somewhat behind, together comprising a further 31%.

In terms of the main suppliers, Thailand, with a CAGR of +21.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average other chemical products import price stood at $X per ton in 2016, dropping by -11.1% against the previous year. In general, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by 2.8% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2016, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2016, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Thailand (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :