Nitrile-Function Compounds Price in Australia - 2023

Contents:

1. Nitrile-Function Compounds Price in Australia (CIF) - 2022
2. Nitrile-Function Compounds Price in Australia (FOB) - 2022
3. Nitrile-Function Compounds Imports in Australia
4. Nitrile-Function Compounds Exports in Australia

Nitrile-Function Compounds Price in Australia (CIF) - 2022

In 2022, the average nitrile-function compounds import price amounted to $12,271 per ton, picking up by 7.9% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nitrile-function compounds import price increased by +56.7% against 2015 indices. The growth pace was the most rapid in 2018 when the average import price increased by 20%. The import price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($25,584 per ton), while the price for Taiwan (Chinese) ($2,265 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Nitrile-Function Compounds Price in Australia (FOB) - 2022

In 2022, the average nitrile-function compounds export price amounted to $48,965 per ton, jumping by 460% against the previous year. Over the period under review, the export price saw strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($65,401 per ton), while the average price for exports to New Zealand ($6,915 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 Malaysia (+2.0%), while the prices for the other major destinations experienced a decline.

Nitrile-Function Compounds Imports in Australia

Nitrile-function compounds imports into Australia reduced notably to 2.5K tons in 2022, with a decrease of -20.9% against 2021 figures. Overall, imports showed a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 5.7%.

In value terms, nitrile-function compounds imports shrank to $31M in 2022. In general, imports recorded a perceptible decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 4.3%. As a result, imports attained the peak of $36M, and then reduced in the following year.

Top Suppliers of Nitrile-Function Compounds to Australia in 2022:

1. China (1211.2 tons)
2. United Kingdom (764.9 tons)
3. India (273.5 tons)
4. South Korea (82.9 tons)
5. Germany (60.2 tons)
6. Taiwan (Chinese) (37.5 tons)

Nitrile-Function Compounds Exports in Australia

In 2022, shipments abroad of nitrile-function compoundses increased by 9,547% to 59 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports showed a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, nitrile-function compounds exports surged to $2.9M in 2022. In general, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Nitrile-Function Compounds from Australia in 2022:

1. China (54.1 tons)
2. Malaysia (1.9 tons)
3. New Zealand (1.1 tons)
4. French Polynesia (1.1 tons)

Source: IndexBox Market Intelligence Platform