
Australia - Carbon Dioxide - Market Analysis, Forecast, Size, Trends And Insights
Australia’s Carbon Dioxide Price Hits New Record at $3,612 per Ton, Increasing Notably over 2022
Australia Carbon Dioxide Import Price in August 2022
In August 2022, the carbon dioxide price amounted to $3,612 per ton (CIF, Australia), with an increase of 5.1% against the previous month. Overall, the import price showed a significant expansion. The growth pace was the most rapid in June 2022 an increase of 267% against the previous month. The import price peaked in August 2022.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($8,110 per ton), while the price for Singapore ($354 per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+30.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Australia Carbon Dioxide Imports
For the third consecutive month, Australia recorded decline in purchases abroad of carbon dioxide, which decreased by -6.5% to 59 tons in August 2022. Over the period under review, imports saw a sharp shrinkage. The growth pace was the most rapid in May 2022 with an increase of 210% m-o-m. Imports peaked at 680 tons in January 2022; however, from February 2022 to August 2022, imports failed to regain momentum.
In value terms, carbon dioxide imports dropped slightly to $213K (IndexBox estimates) in August 2022. In general, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in March 2022 when imports increased by 86% m-o-m. Imports peaked at 670 tons in January 2022; however, from February 2022 to August 2022, imports failed to regain momentum.
Australia Carbon Dioxide Imports by Country
China (20 tons), Singapore (18 tons) and New Zealand (10 tons) were the main suppliers of carbon dioxide imports to Australia, together comprising 81% of total imports. These countries were followed by Italy, which accounted for a further 15%.
From January 2022 to August 2022, the biggest increases were in Italy (with a CAGR of -4.5%), while purchases for the other leaders experienced a decline.
In value terms, China ($77K), Italy ($70K) and New Zealand ($15K) constituted the largest carbon dioxide suppliers to Australia, with a combined 77% share of total imports.
In terms of the main suppliers, Italy, with a CAGR of -3.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.
This report provides an in-depth analysis of the carbon dioxide market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
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