Australia and Oceania: Sulphates Market 2024

Sulphates Market Size in Australia and Oceania

After two years of growth, the sulphates market in Australia and Oceania decreased by X% to $X in 2023. In general, consumption, however, continues to indicate a temperate expansion. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Sulphates Production in Australia and Oceania

In value terms, sulphates production totaled $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Sulphates Exports

Exports in Australia and Oceania

In 2023, approx. X tons of sulphates (excluding those of aluminium and barium) were exported in Australia and Oceania; waning by X% compared with the year before. In general, exports continue to indicate a deep setback. The growth pace was the most rapid in 2020 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, sulphates exports fell to $X in 2023. Over the period under review, exports showed a drastic downturn. The pace of growth was the most pronounced in 2019 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Australia dominates exports structure, finishing at X tons, which was approx. X% of total exports in 2023. It was distantly followed by New Zealand (X tons), making up a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to sulphates exports from Australia stood at X%. New Zealand (X%) illustrated a downward trend over the same period. While the share of New Zealand (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Australia, sulphates exports plunged by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, saw a perceptible slump. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, 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 totaled $X per ton.

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

Sulphates Imports

Imports in Australia and Oceania

In 2023, imports of sulphates (excluding those of aluminium and barium) in Australia and Oceania contracted to X tons, falling by X% against the year before. Total imports indicated a mild increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2018 indices. The growth pace was the most rapid in 2017 with an increase of X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, sulphates imports fell notably to $X in 2023. Over the period under review, imports, however, continue to indicate notable growth. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2022, and then shrank rapidly in the following year.

Imports by Country

Australia represented the major importer of sulphates (excluding those of aluminium and barium) in Australia and Oceania, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2023. It was distantly followed by New Zealand (X tons) and Papua New Guinea (X tons), together constituting a X% share of total imports.

Australia was also the fastest-growing in terms of the sulphates (excluding those of aluminium and barium) imports, with a CAGR of X% from 2012 to 2023. New Zealand experienced a relatively flat trend pattern. Papua New Guinea (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Australia increased by X percentage points.

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

In Australia, sulphates imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and Papua New Guinea (X% per year).

Import Prices by Country

In 2023, the import price in Australia and Oceania amounted to $X per ton, reducing by X% against the previous year. Import price indicated a mild expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2022, and then dropped sharply in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Australia ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Papua New Guinea (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform