Australia: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Australia

The Australian reaction initiators and accelerators market contracted remarkably to $X in 2022, which is down by -32.1% 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, consumption recorded a deep slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports from Australia

In 2022, shipments abroad of reaction initiators, reaction accelerators and catalytic preparations increased by 122% to X tons, rising for the second consecutive year after two years of decline. Overall, exports saw measured growth. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, reaction initiators and accelerators exports skyrocketed to $X in 2022. Over the period under review, exports recorded a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Singapore (X tons) and Germany (X tons) were the main destinations of reaction initiators and accelerators exports from Australia, together comprising 85% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +67.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for reaction initiators, reaction accelerators and catalytic preparations exports from Australia, comprising 69% of total exports. The second position in the ranking was taken by Singapore ($X), with an 8.7% share of total exports. It was followed by South Korea, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +49.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+11.2% per year) and South Korea (+44.1% per year).

Export Prices by Country

The average reaction initiators and accelerators export price stood at $X per ton in 2022, with an increase of 12% against the previous year. In general, the export price posted a modest increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 118% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Singapore ($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 Indonesia (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports into Australia

In 2022, supplies from abroad of reaction initiators, reaction accelerators and catalytic preparations increased by 5.9% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 8.9%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, reaction initiators and accelerators imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt slump. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), Japan (X tons) and Italy (X tons) were the main suppliers of reaction initiators and accelerators imports to Australia, with a combined 60% share of total imports. China, Germany, India, France and the Netherlands lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +39.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest reaction initiators and accelerators suppliers to Australia were Italy ($X), the United States ($X) and Japan ($X), with a combined 57% share of total imports. Germany, China, India, France and the Netherlands lagged somewhat behind, together comprising a further 32%.

India, with a CAGR of +40.3%, saw the highest rates of growth with regard to the value of imports, among 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 2022, the average reaction initiators and accelerators import price amounted to $X per ton, picking up by 15% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 42%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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