Australia: Adipic Acid Market 2024

Adipic Acid Market Size in Australia

The Australian adipic acid market declined to $X in 2022, waning by X% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Adipic acid consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Adipic Acid Production in Australia

In value terms, adipic acid production dropped to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Adipic Acid Exports

Exports from Australia

Adipic acid exports from Australia expanded markedly to X tons in 2022, picking up by X% on the previous year's figure. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X,233%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, adipic acid exports skyrocketed to $X in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X,291%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand (X tons) was the main destination for adipic acid exports from Australia, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to New Zealand stood at X%.

In value terms, New Zealand ($X) also remains the key foreign market for adipic acid, its salts and esters exports from Australia.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand amounted to X%.

Export Prices by Country

The average adipic acid export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for New Zealand.

From 2012 to 2022, the rate of growth in terms of prices for New Zealand amounted to X% per year.

Adipic Acid Imports

Imports into Australia

In 2022, imports of adipic acid, its salts and esters into Australia surged to X tons, with an increase of X% on 2021 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, adipic acid imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a measured increase from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest adipic acid supplier to Australia, accounting for a X% share of total imports. Moreover, adipic acid imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fivefold. France (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and France (X% per year).

In value terms, China ($X) constituted the largest supplier of adipic acid, its salts and esters to Australia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and France (X% per year).

Import Prices by Country

The average adipic acid import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, import price indicated a modest 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, adipic acid 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 reached the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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