Australia: Solid Biofuel Market 2024

Solid Biofuel Market Size in Australia

In 2022, the Australian solid biofuel market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Solid Biofuel Production in Australia

In value terms, solid biofuel production expanded significantly to $X in 2022 estimated in export price. Over the period under review, production enjoyed mild growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Solid biofuel production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Solid Biofuel Exports

Exports from Australia

In 2022, solid biofuel exports from Australia dropped significantly to X tons, declining by X% compared with 2021. Overall, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, solid biofuel exports fell remarkably to $X in 2022. In general, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for solid biofuel exports from Australia, with a X% share of total exports. Moreover, solid biofuel exports to Japan exceeded the volume sent to the second major destination, China (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan amounted to X%.

In value terms, Japan ($X) remains the key foreign market for solid biofuels exports from Australia, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan totaled X%.

Export Prices by Country

The average solid biofuel export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price saw a significant expansion. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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 Japan amounted to $X per ton.

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

Solid Biofuel Imports

Imports into Australia

In 2022, solid biofuel imports into Australia soared to X tons, jumping by X% against the year before. In general, imports continue to indicate a strong expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, solid biofuel imports soared to $X in 2022. Over the period under review, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Indonesia (X tons), Vietnam (X tons) and the United States (X tons) were the main suppliers of solid biofuel imports to Australia, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Vietnam ($X) and the United States ($X) were the largest solid biofuel suppliers to Australia, together comprising X% of total imports. Thailand, Paraguay, China, Malaysia, South Africa, New Zealand, Singapore, Namibia and Nigeria lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Paraguay, with a CAGR of X%, recorded 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 average solid biofuel import price stood at $X per ton in 2022, surging 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, solid biofuel import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Nigeria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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