Australia and Oceania: Aromatic Hydrocarbons Derivatives Market 2024

Aromatic Hydrocarbons Derivatives Market Size in Australia and Oceania

In 2022, the aromatic hydrocarbons derivatives market in Australia and Oceania increased by X% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption, however, saw a slight downturn. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Aromatic Hydrocarbons Derivatives Production in Australia and Oceania

In value terms, aromatic hydrocarbons derivatives production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a slight contraction. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Aromatic Hydrocarbons Derivatives Exports

Exports in Australia and Oceania

In 2022, overseas shipments of halogenated derivatives of aromatic hydrocarbons increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, aromatic hydrocarbons derivatives exports totaled $X in 2022. Overall, exports, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Australia (X tons) represented the major exporter of halogenated derivatives of aromatic hydrocarbons, achieving X% of total exports. It was distantly followed by Fiji (X tons) and New Zealand (X tons), together achieving a X% share of total exports.

Australia was also the fastest-growing in terms of the halogenated derivatives of aromatic hydrocarbons exports, with a CAGR of X% from 2012 to 2022. New Zealand (X%) and Fiji (X%) illustrated a downward trend over the same period. Australia (X p.p.) significantly strengthened its position in terms of the total exports, while New Zealand and Fiji saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Australia ($X) emerged as the largest aromatic hydrocarbons derivatives supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by Fiji ($X), with a X% share of total exports.

In Australia, aromatic hydrocarbons derivatives exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Fiji (X% per year) and New Zealand (X% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, approximately equating the previous year. Overall, the export price, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the export prices remained at a lower figure.

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

Aromatic Hydrocarbons Derivatives Imports

Imports in Australia and Oceania

In 2022, overseas purchases of halogenated derivatives of aromatic hydrocarbons increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, recorded a perceptible decline. The growth pace was the most rapid in 2017 with an increase of X%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, aromatic hydrocarbons derivatives imports soared to $X in 2022. Total imports indicated a pronounced expansion 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 attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia was the key importing country with an import of about X tons, which reached X% of total imports. New Zealand (X tons) ranks second in terms of the total imports with a X% share, followed by Papua New Guinea (X%). The following importers - Fiji (X tons) and Palau (X tons) - each accounted for a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to aromatic hydrocarbons derivatives imports into Australia stood at X%. At the same time, Palau (X%) and Papua New Guinea (X%) displayed positive paces of growth. Moreover, Palau emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, New Zealand (X%) and Fiji (X%) illustrated a downward trend over the same period. While the share of Papua New Guinea (X p.p.) and Palau (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest aromatic hydrocarbons derivatives importing markets in Australia and Oceania were Australia ($X), New Zealand ($X) and Papua New Guinea ($X), with a combined X% share of total imports. Fiji and Palau lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Palau, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, jumping by X% against the previous year. Import price indicated a resilient 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 hydrocarbons derivatives import price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Palau ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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