Australia - Industrial Monocarboxylic Fatty Acids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Industrial Monocarboxylic Fatty Acids in Australia - 2023
Contents:
- Price for Industrial Monocarboxylic Fatty Acids in Australia (CIF) - 2023
- Price for Industrial Monocarboxylic Fatty Acids in Australia (FOB) - 2022
- Imports of Industrial Monocarboxylic Fatty Acids in Australia
- Exports of Industrial Monocarboxylic Fatty Acids in Australia
Price for Industrial Monocarboxylic Fatty Acids in Australia (CIF) - 2023
In September 2023, the average industrial monocarboxylic fatty acids import price amounted to $845 per ton, surging by 1.6% against the previous month. In general, the import price, however, continues to indicate a slight decline. The growth pace was the most rapid in October 2022 when the average import price increased by 126% against the previous month. As a result, import price attained the peak level of $2,303 per ton. From November 2022 to September 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was India ($1,891 per ton), while the price for Malaysia amounted to $832 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Malaysia (-1.4%).
Price for Industrial Monocarboxylic Fatty Acids in Australia (FOB) - 2022
The average industrial monocarboxylic fatty acids export price stood at $1,041 per ton in 2022, shrinking by -22% against the previous year. Overall, the export price continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2017 when the average export price increased by 123%. The export price peaked at $2,300 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($3,998 per ton), while the average price for exports to South Korea ($569 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 Indonesia (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Industrial Monocarboxylic Fatty Acids in Australia
In 2022, supplies from abroad of industrial monocarboxylic fatty acids decreased by -19.7% to 42K tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 198%. As a result, imports reached the peak of 62K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, industrial monocarboxylic fatty acids imports fell modestly to $55M in 2022. Overall, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 124%.
| Import of Industrial Monocarboxylic Fatty Acids in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 17.4 | 41.2 | 54.3 | 52.9 | 44.9% |
| India | 1.2 | 0.9 | 1.2 | 1.6 | 10.1% |
| Others | 0.4 | 0.6 | 0.7 | 0.7 | 20.5% |
| Total | 19.1 | 42.7 | 56.2 | 55.3 | 42.5% |
Top Suppliers of Industrial Monocarboxylic Fatty Acids to Australia in 2022:
- Malaysia (41.6K tons)
- India (0.7K tons)
Exports of Industrial Monocarboxylic Fatty Acids in Australia
In 2022, overseas shipments of industrial monocarboxylic fatty acids were finally on the rise to reach 1.8K tons after two years of decline. Overall, exports, however, continue to indicate a abrupt contraction.
In value terms, industrial monocarboxylic fatty acids exports surged to $1.8M in 2022. Over the period under review, exports enjoyed strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Industrial Monocarboxylic Fatty Acids in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 19.0 | 113 | 152 | 1,216 | 300.0% |
| Malaysia | N/A | N/A | 75.7 | 252 | 232.9% |
| New Zealand | 190 | 179 | 334 | 105 | -17.9% |
| Thailand | 77.3 | 50.0 | 43.3 | 102 | 9.7% |
| Taiwan (Chinese) | 54.0 | 189 | 56.1 | 50.5 | -2.2% |
| South Korea | N/A | 72.7 | N/A | 47.8 | -18.9% |
| India | 546 | 137 | 15.3 | 14.5 | -70.2% |
| Nepal | 175 | N/A | N/A | N/A | 0% |
| Netherlands | 174 | N/A | N/A | N/A | 0% |
| Pakistan | 21.3 | N/A | 28.5 | N/A | 15.7% |
| Others | 217 | 144 | 129 | 40.9 | -42.7% |
| Total | 1,473 | 884 | 835 | 1,829 | 7.5% |
Top Export Markets for Industrial Monocarboxylic Fatty Acids from Australia in 2022:
- China (1100.0 tons)
- Malaysia (441.0 tons)
- South Korea (84.0 tons)
- Thailand (46.8 tons)
- New Zealand (26.2 tons)
- Taiwan (Chinese) (22.9 tons)
- India (20.3 tons)
This report provides an in-depth analysis of the market for industrial monocarboxylic fatty acids in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143195 - Industrial monocarboxylic fatty acids distilled (excluding stearic, oleic tall oil)
- Prodcom 20143197 - Industrial monocarboxylic fatty acids (excluding stearic, oleic, t all oil, distilled)
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In June 2023, the price of Industrial Monocarboxylic Fatty Acids was $915 per ton (CIF, Australia), with a decrease of -22.3% compared to the previous month.
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From June 2023 to December 2023, the growth of Tall Oil Fatty Acids imports remained at a lower figure. In value terms, Tall Oil Fatty Acids imports reduced markedly to $737K in December 2023.
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In June 2023, the price of Industrial Monocarboxylic Fatty Acids was $915 per ton (CIF, Australia), with a decrease of -22.3% compared to the previous month.
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