Australia and Oceania: Aromatic Alcohols Market 2024

Aromatic Alcohols Market Size in Australia and Oceania

The aromatic alcohols market in Australia and Oceania declined to $X in 2022, reducing by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Aromatic Alcohols Production in Australia and Oceania

In value terms, aromatic alcohols production dropped to $X in 2022 estimated in export price. The total production indicated a pronounced 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Aromatic Alcohols Exports

Exports in Australia and Oceania

In 2022, shipments abroad of aromatic alcohols and their derivatives increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, aromatic alcohols exports expanded to $X in 2022. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by X%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Australia (X tons) represented roughly X% of total exports in 2022.

Australia was also the fastest-growing in terms of the aromatic alcohols and their derivatives exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of Australia increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest aromatic alcohols supplier in Australia and Oceania.

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

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price showed a deep reduction. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

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

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

Aromatic Alcohols Imports

Imports in Australia and Oceania

In 2022, aromatic alcohols imports in Australia and Oceania expanded significantly to X tons, growing by X% on 2021 figures. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, aromatic alcohols imports surged to $X in 2022. Over the period under review, imports posted a noticeable increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Australia represented the major importing country with an import of about X tons, which finished at X% of total imports. It was distantly followed by New Zealand (X tons), achieving a X% share of total imports.

Australia experienced a relatively flat trend pattern with regard to volume of imports of aromatic alcohols and their derivatives. New Zealand (X%) illustrated a downward trend over the same period. While the share of Australia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of New Zealand (X p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported aromatic alcohols and their derivatives in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled X%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, surging by X% against the previous year. Import price indicated a pronounced 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, aromatic alcohols import price increased by X% against 2019 indices. The growth pace was the most rapid in 2017 when the import price increased by X%. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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