Australia: Acyclic Hydrocarbons Market 2024

Acyclic Hydrocarbons Market Size in Australia

In 2020, the Australian acyclic hydrocarbons market decreased by X% to $X, falling for the second consecutive year after seven years of growth. The market value increased at an average annual rate of X% over the period from 2012 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Acyclic hydrocarbons consumption peaked at $X in 2018; however, from 2019 to 2020, consumption failed to regain momentum.

Acyclic Hydrocarbons Production in Australia

In value terms, acyclic hydrocarbons production dropped to $X in 2020 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2020, production failed to regain momentum.

Acyclic Hydrocarbons Exports

Exports from Australia

In 2020, after five years of growth, there was significant decline in overseas shipments of acyclic hydrocarbons, when their volume decreased by X% to X tons. Over the period under review, exports showed a precipitous decline. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2019, and then dropped dramatically in the following year.

In value terms, acyclic hydrocarbons exports contracted remarkably to $X in 2020. In general, exports saw a sharp descent. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X tons), Papua New Guinea (X tons) and South Korea (X tons) were the main destinations of acyclic hydrocarbons exports from Australia, together accounting for X% of total exports.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Papua New Guinea (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

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

Among the main countries of destination, Papua New Guinea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average acyclic hydrocarbons export price stood at $X per ton in 2020, growing by X% against the previous year. Overall, export price indicated a strong increase from 2012 to 2020: its price increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2020, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

Acyclic Hydrocarbons Imports

Imports into Australia

In 2020, supplies from abroad of acyclic hydrocarbons decreased by X% to X tons for the first time since 2017, thus ending a two-year rising trend. In general, imports saw a mild decrease. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports reached the peak of X tons. From 2015 to 2020, the growth of imports remained at a lower figure.

In value terms, acyclic hydrocarbons imports dropped to $X in 2020. Over the period under review, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2020, the growth of imports remained at a lower figure.

Imports by Country

The United States (X tons), Qatar (X tons) and South Korea (X tons) were the main suppliers of acyclic hydrocarbons imports to Australia, with a combined X% share of total imports. France, China, Singapore, Taiwan (Chinese), South Africa, Malaysia and Belgium lagged somewhat behind, together comprising a further X%.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Qatar ($X) and South Korea ($X) constituted the largest acyclic hydrocarbons suppliers to Australia, with a combined X% share of total imports.

Qatar, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average acyclic hydrocarbons import price stood at $X per ton in 2020, with an increase of X% against the previous year. Overall, the import price, however, saw a noticeable decrease. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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