Australia: Pyrites Market 2022

Pyrites Market Size in Australia

In 2021, the Australian pyrites market increased by X% to $X, rising for the fifth consecutive year after four years of decline. Over the period under review, consumption enjoyed significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Pyrites Exports

Exports from Australia

In 2021, shipments abroad of pyrites decreased by -X% to X tonnes for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The exports peaked at X tonnes in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, pyrites exports declined modestly to $X in 2021. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X kg) was the main destination for pyrites exports from Australia, accounting for a X% share of total exports. Moreover, pyrites exports to Colombia exceeded the volume sent to the second major destination, Canada (X kg), threefold. The third position in this ranking was occupied by Tanzania (X kg), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Colombia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Tanzania (+X% per year).

In value terms, Colombia ($X) remains the key foreign market for pyrites exports from Australia, comprising X% of total exports. The second position in the ranking was occupied by South Africa ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Colombia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (-X% per year) and Tanzania (+X% per year).

Export Prices by Country

The average pyrites export price stood at $X per tonne in 2021, standing approx. at the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Colombia ($X per tonne), while the average price for exports to Canada ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced a decline.

Pyrites Imports

Imports into Australia

In 2021, purchases abroad of pyrites increased by X% to X tonnes, rising for the fifth year in a row after four years of decline. Overall, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, pyrites imports skyrocketed to $X in 2021. In general, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X tonnes) was the main pyrites supplier to Australia, with a approx. X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy amounted to +X%.

In value terms, Italy ($X) constituted the largest supplier of pyrites to Australia.

From 2012 to 2021, the average annual growth rate of value from Italy totaled +X%.

Import Prices by Country

In 2021, the average pyrites import price amounted to $X per tonne, approximately equating the previous year. In general, import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The import price peaked at $X per tonne in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Italy.

From 2012 to 2021, the rate of growth in terms of prices for Italy amounted to -X% per year.

Source: IndexBox Platform