Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Australia - 2023

Contents:

1. Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Australia (CIF) - 2023
2. Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Australia (FOB) - 2022
3. Imports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Australia
4. Exports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Australia

Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Australia (CIF) - 2023

In December 2023, the average import price for alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses amounted to $10,238 per ton, declining by -1.8% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 an increase of 48% m-o-m. Over the period under review, average import prices hit record highs at $10,736 per ton in May 2023; however, from June 2023 to December 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($12,827 per ton), while the price for India ($5,652 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Australia (FOB) - 2022

The average export price for alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses stood at $2,399 per ton in 2022, rising by 8.9% against the previous year. In general, the export price, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2014 an increase of 152%. As a result, the export price reached the peak level of $18,244 per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($55,177 per ton), while the average price for exports to New Zealand ($1,667 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 Sweden (+16.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Australia

In 2022, the amount of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses imported into Australia skyrocketed to 1.9K tons, jumping by 17% against the previous year. The total import volume increased at an average annual rate of +13.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 27% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, imports of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses skyrocketed to $16M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +15.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives to Australia in 2022:

1. United States (780.0 tons)
2. China (586.1 tons)
3. India (491.2 tons)
4. Germany (59.4 tons)

Exports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Australia

For the fourth year in a row, Australia recorded growth in overseas shipments of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses, which increased by 8.7% to 279 tons in 2022. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 216%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses soared to $670K in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 80%. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives from Australia in 2022:

1. New Zealand (270.1 tons)
2. China (3.1 tons)

Source: IndexBox Market Intelligence Platform