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Australia - Phenols And Other Oils And Oil Products - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Phenols and Other Oils and Oil Products in Australia - 2023
Contents:
- Price for Phenols and Other Oils and Oil Products in Australia (FOB) - 2022
- Price for Phenols and Other Oils and Oil Products in Australia (CIF) - 2023
- Exports of Phenols and Other Oils and Oil Products in Australia
- Imports of Phenols and Other Oils and Oil Products in Australia
Price for Phenols and Other Oils and Oil Products in Australia (FOB) - 2022
In 2022, the average export price for phenols and other oils and oil products amounted to $594 per ton, shrinking by -6.5% against the previous year. Over the period under review, the export price recorded a deep setback. The pace of growth was the most pronounced in 2017 an increase of 52% against the previous year. The export price peaked at $2,489 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($2,101 per ton), while the average price for exports to Japan totaled $592 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+26.6%).
Price for Phenols and Other Oils and Oil Products in Australia (CIF) - 2023
In October 2023, the average import price for phenols and other oils and oil products amounted to $1,233 per ton, growing by 2.7% against the previous month. In general, the import price, however, continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in August 2023 an increase of 86% month-to-month. As a result, import price reached the peak level of $2,316 per ton. From September 2023 to October 2023, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was Germany ($1,224 per ton), while the price for Thailand totaled $1,192 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+4.1%), while the prices for the other major suppliers experienced a decline.
Exports of Phenols and Other Oils and Oil Products in Australia
In 2022, approx. 26K tons of phenols and other oils and oil products were exported from Australia; rising by 19% against the previous year. In general, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +22.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +83.2% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 26%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of phenols and other oils and oil products expanded notably to $15M in 2022. The total export value increased at an average annual rate of +13.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 16%. The exports peaked in 2022 and are expected to retain growth in years to come.
Export of Phenols and Other Oils and Oil Products in Australia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 10.4 | 12.1 | 13.6 | 15.1 | 13.2% |
Others | N/A | N/A | N/A | 0.1 | 0% |
Total | 10.4 | 12.1 | 13.6 | 15.2 | 13.5% |
Top Export Markets for Phenols and Other Oils and Oil Products from Australia in 2022:
- Japan (25.5K tons)
Imports of Phenols and Other Oils and Oil Products in Australia
In 2022, approx. 1.6K tons of phenols and other oils and oil products were imported into Australia; rising by 27% on the previous year. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +9.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of phenols and other oils and oil products surged to $2.3M in 2022. Overall, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Phenols and Other Oils and Oil Products in Australia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 78.6 | N/A | 795 | 1,734 | 180.5% |
Germany | 180 | 242 | 220 | 287 | 16.8% |
Thailand | 141 | 209 | 130 | 109 | -8.2% |
United States | 130 | 288 | 51.7 | 107 | -6.3% |
Indonesia | 14.3 | 156 | 76.4 | 31.3 | 29.8% |
China | 103 | 22.8 | 53.9 | N/A | -27.7% |
India | 186 | 134 | 17.7 | N/A | -69.2% |
Netherlands | 290 | N/A | N/A | N/A | 0% |
Others | 150 | 11.7 | 61.1 | 44.9 | -33.1% |
Total | 1,272 | 1,063 | 1,406 | 2,315 | 22.1% |
Top Suppliers of Phenols and Other Oils and Oil Products to Australia in 2022:
- Malaysia (1278.3 tons)
- Germany (226.8 tons)
- Thailand (61.9 tons)
- United States (29.9 tons)
- Indonesia (20.0 tons)
This report provides an in-depth analysis of the market for phenols and other oils and oil products 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 20147360 - Phenols
- Prodcom 20147390 - Other oils and oil products, n.e.c.
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
-
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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