Australia: Aromatic Hydrocarbons Derivatives Market 2024

Aromatic Hydrocarbons Derivatives Market Size in Australia

In 2022, the Australian aromatic hydrocarbons derivatives market 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 attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Aromatic Hydrocarbons Derivatives Production in Australia

In value terms, aromatic hydrocarbons derivatives production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Aromatic Hydrocarbons Derivatives Exports

Exports from Australia

In 2022, overseas shipments of halogenated derivatives of aromatic hydrocarbons increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports showed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, aromatic hydrocarbons derivatives exports skyrocketed to $X in 2022. In general, exports recorded a tangible increase. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Bangladesh (X tons) was the main destination for aromatic hydrocarbons derivatives exports from Australia, accounting for a X% share of total exports. It was followed by New Zealand (X kg), with a X% share of total exports. The third position in this ranking was taken by Fiji (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Bangladesh was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (X% per year) and Fiji (X% per year).

In value terms, Bangladesh ($X) emerged as the key foreign market for halogenated derivatives of aromatic hydrocarbons exports from Australia, comprising X% of total exports. The second position in the ranking was held by Fiji ($X), with a X% share of total exports. It was followed by New Zealand, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Bangladesh was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (X% per year) and New Zealand (X% per year).

Export Prices by Country

The average aromatic hydrocarbons derivatives export price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Aromatic Hydrocarbons Derivatives Imports

Imports into Australia

In 2022, overseas purchases of halogenated derivatives of aromatic hydrocarbons increased by X% to X tons, rising for the second year in a row after three years of decline. In general, imports, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, aromatic hydrocarbons derivatives imports soared to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest aromatic hydrocarbons derivatives supplier to Australia, accounting for a X% share of total imports. Moreover, aromatic hydrocarbons derivatives imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. Japan (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Japan (X% per year).

In value terms, China ($X) constituted the largest supplier of halogenated derivatives of aromatic hydrocarbons to Australia, comprising X% of total imports. The second position in the ranking was held by India ($X), with an X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Japan (X% per year).

Import Prices by Country

The average aromatic hydrocarbons derivatives import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, import price indicated a perceptible 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 2020 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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