Australia: Solid Biofuel Market 2024

Solid Biofuel Market Size in Australia

The Australian solid biofuel market surged to $X in 2022, rising by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Solid Biofuel Production in Australia

In value terms, solid biofuel production amounted to $X in 2022 estimated in export price. Over the period under review, production posted pronounced growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Solid Biofuel Exports

Exports from Australia

In 2022, exports of solid biofuels from Australia declined rapidly to X tons, which is down by X% against 2021 figures. In general, exports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, solid biofuel exports fell significantly to $X in 2022. Overall, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for solid biofuel exports from Australia, with a X% share of total exports. Moreover, solid biofuel exports to Japan exceeded the volume sent to the second major destination, China (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan totaled X%.

In value terms, Japan ($X) remains the key foreign market for solid biofuels exports from Australia, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Japan totaled X%.

Export Prices by Country

The average solid biofuel export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price showed significant growth. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Japan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Solid Biofuel Imports

Imports into Australia

Solid biofuel imports into Australia soared to X tons in 2022, with an increase of X% on 2021. Overall, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, solid biofuel imports surged to $X in 2022. In general, imports saw a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Indonesia (X tons), Vietnam (X tons) and the United States (X tons) were the main suppliers of solid biofuel imports to Australia, with a combined X% share of total imports.

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

In value terms, the largest solid biofuel suppliers to Australia were Indonesia ($X), Vietnam ($X) and the United States ($X), together accounting for X% of total imports. Thailand, Paraguay, China, Malaysia, South Africa, New Zealand, Singapore, Namibia and Nigeria lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Paraguay, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average solid biofuel import price amounted to $X per ton, surging by X% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, solid biofuel import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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