Australia and Oceania: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in Australia and Oceania

The market for compounds with other nitrogen function (excluding isocyanates) in Australia and Oceania surged to $X in 2022, picking up by X% against the previous year. Overall, consumption showed prominent growth. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Compounds With Other Nitrogen Function (Excluding Isocyanates) in Australia and Oceania

In value terms, compounds with other nitrogen function production fell to $X in 2022 estimated in export price. Overall, production, however, recorded resilient growth. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports in Australia and Oceania

After two years of growth, shipments abroad of compounds with other nitrogen function (excluding isocyanates) decreased by X% to X tons in 2022. In general, exports showed a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2021, and then shrank sharply in the following year.

In value terms, compounds with other nitrogen function exports declined sharply to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia prevails in exports structure, accounting for X tons, which was near X% of total exports in 2022. New Zealand (X tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to compounds with other nitrogen function 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. New Zealand (X p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by X% from 2012 to 2022, respectively.

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

From 2012 to 2022, the average annual growth rate of value in Australia was relatively modest.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price saw buoyant growth. The growth pace was the most rapid in 2014 when the export price increased by X%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, 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%).

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports in Australia and Oceania

In 2022, the amount of compounds with other nitrogen function (excluding isocyanates) imported in Australia and Oceania declined slightly to X tons, which is down by X% compared with the year before. In general, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons; afterwards, it flattened through to 2022.

In value terms, compounds with other nitrogen function imports expanded slightly to $X in 2022. Over the period under review, imports, however, showed a mild increase. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

New Zealand was the main importer of compounds with other nitrogen function (excluding isocyanates) in Australia and Oceania, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. Australia (X tons) ranks second in terms of the total imports with a X% share, followed by Fiji (X%) and Papua New Guinea (X%).

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest compounds with other nitrogen function importing markets in Australia and Oceania were New Zealand ($X), Australia ($X) and Fiji ($X), with a combined X% share of total imports.

New Zealand, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Papua New Guinea ($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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