Australia and Oceania: Chemically Modified Oils Market 2024

Chemically Modified Oils Market Size in Australia and Oceania

In 2022, after two years of decline, there was growth in the chemically modified oils market in Australia and Oceania, when its value increased by X% to $X. Over the period under review, consumption showed a resilient expansion. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Chemically Modified Oils Production in Australia and Oceania

In value terms, chemically modified oils production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded resilient growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Chemically Modified Oils Exports

Exports in Australia and Oceania

In 2022, the amount of animal or vegetable fats and oils chemically modified exported in Australia and Oceania shrank significantly to X tons, falling by X% compared with 2021. In general, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then contracted remarkably in the following year.

In value terms, chemically modified oils exports reached $X in 2022. Overall, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Australia represented the largest exporting country with an export of around X tons, which reached X% of total exports. It was distantly followed by New Zealand (X tons), achieving a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to chemically modified oils exports from Australia stood at X%. At the same time, New Zealand (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of New Zealand increased by X percentage points.

In value terms, Australia ($X) remains the largest chemically modified oils supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by New Zealand ($X), with a X% share of total exports.

In Australia, chemically modified oils exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price recorded a notable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%).

Chemically Modified Oils Imports

Imports in Australia and Oceania

After two years of growth, purchases abroad of animal or vegetable fats and oils chemically modified decreased by X% to X tons in 2022. Overall, imports continue to indicate a noticeable slump. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, chemically modified oils imports soared to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia dominates imports structure, accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by New Zealand (X tons), committing an X% share of total imports. Fiji (X tons) took a minor share of total imports.

Imports into Australia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Fiji (X%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, New Zealand (X%) illustrated a downward trend over the same period. Australia (X p.p.) significantly strengthened its position in terms of the total imports, while New Zealand saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported animal or vegetable fats and oils chemically modified in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Fiji (X% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, with an increase of X% against the previous year. Import price indicated a pronounced expansion 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, chemically modified oils import price increased by X% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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