Australia: Unsaturated Acyclic Hydrocarbons Market 2024

Unsaturated Acyclic Hydrocarbons Market Size in Australia

For the third consecutive year, the Australian unsaturated acyclic hydrocarbons market recorded decline in sales value, which decreased by -13.6% to $X in 2021. In general, consumption continues to indicate a noticeable descent. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Unsaturated Acyclic Hydrocarbons Exports

Exports from Australia

After two years of decline, shipments abroad of unsaturated acyclic hydrocarbons increased by 38% to X tons in 2021. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 660% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, unsaturated acyclic hydrocarbons exports skyrocketed to $X in 2021. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 520%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Papua New Guinea (X tons) was the main destination for unsaturated acyclic hydrocarbons exports from Australia, accounting for a 69% share of total exports. Moreover, unsaturated acyclic hydrocarbons exports to Papua New Guinea exceeded the volume sent to the second major destination, New Zealand (X tons), fivefold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Papua New Guinea totaled +108.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+26.6% per year) and the United Arab Emirates (+320.9% per year).

In value terms, New Zealand ($X), Papua New Guinea ($X) and the United Arab Emirates ($X) constituted the largest markets for unsaturated acyclic hydrocarbons exported from Australia worldwide, with a combined 95% share of total exports.

The United Arab Emirates, with a CAGR of +310.1%, saw 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 more modest paces of growth.

Export Prices by Country

In 2021, the average unsaturated acyclic hydrocarbons export price amounted to $X per ton, picking up by 31% against the previous year. In general, the export price, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2020 an increase of 102% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Papua New Guinea ($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 (+11.0%), while the prices for the other major destinations experienced mixed trend patterns.

Unsaturated Acyclic Hydrocarbons Imports

Imports into Australia

In 2021, imports of unsaturated acyclic hydrocarbons into Australia shrank rapidly to X tons, falling by -31.4% compared with the previous year. Overall, imports continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2014 with an increase of 125%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, unsaturated acyclic hydrocarbons imports fell slightly to $X in 2021. In general, imports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2014 with an increase of 168% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Qatar (X tons) constituted the largest unsaturated acyclic hydrocarbons supplier to Australia, with a 49% share of total imports. Moreover, unsaturated acyclic hydrocarbons imports from Qatar exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was held by Singapore (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Qatar stood at +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.7% per year) and Singapore (+8.0% per year).

In value terms, Qatar ($X) constituted the largest supplier of unsaturated acyclic hydrocarbons to Australia, comprising 47% of total imports. The second position in the ranking was held by the United States ($X), with a 15% share of total imports. It was followed by Singapore, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Qatar amounted to +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.4% per year) and Singapore (+24.1% per year).

Import Prices by Country

In 2021, the average unsaturated acyclic hydrocarbons import price amounted to $X per ton, picking up by 45% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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