Australia and Oceania: Isocyanates Market 2024

Isocyanates Market Size in Australia and Oceania

The isocyanates market in Australia and Oceania dropped to $X in 2023, which is down by X% against the previous year. In general, consumption saw a slight decrease. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Isocyanates Production in Australia and Oceania

In value terms, isocyanates production reduced to $X in 2023 estimated in export price. In general, production saw a mild setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

Isocyanates Exports

Exports in Australia and Oceania

In 2023, overseas shipments of isocyanates were finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Overall, exports, however, recorded a deep setback. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, isocyanates exports surged to $X in 2023. Over the period under review, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Australia was the major exporter of isocyanates in Australia and Oceania, with the volume of exports accounting for X tons, which was near X% of total exports in 2023. It was distantly followed by New Zealand (X tons), creating a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to isocyanates exports from Australia stood at X%. New Zealand experienced a relatively flat trend pattern. From 2012 to 2023, the share of New Zealand increased by X percentage points.

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

From 2012 to 2023, the average annual growth rate of value in Australia totaled X%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2023, falling by X% against the previous year. Overall, the export price continues to indicate a mild descent. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%).

Isocyanates Imports

Imports in Australia and Oceania

In 2023, supplies from abroad of isocyanates decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a perceptible decline. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, isocyanates imports reduced sharply to $X in 2023. In general, imports showed a noticeable curtailment. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.

Imports by Country

Australia represented the major importer of isocyanates in Australia and Oceania, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2023. It was distantly followed by New Zealand (X tons), creating a X% share of total imports. Papua New Guinea (X tons) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the isocyanates imports, with a CAGR of X% from 2012 to 2023. Papua New Guinea (X%) and 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 2012-2023, the share of New Zealand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Australia, isocyanates imports shrank by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Papua New Guinea (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2023, 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 2023, 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 import price figures.

Source: IndexBox Platform