Australia: Heterocyclic Compound Market 2024

Heterocyclic Compound Market Size in Australia

After three years of growth, the Australian heterocyclic compound market decreased by X% to $X in 2023. Overall, consumption continues to indicate a mild decline. As a result, consumption reached the peak level of $X, and then dropped markedly in the following year.

Heterocyclic Compound Exports

Exports from Australia

In 2023, exports of heterocyclic compounds from Australia contracted significantly to X tons, falling by X% on 2022. Over the period under review, exports recorded a precipitous decline. The pace of growth appeared the most rapid in 2022 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, heterocyclic compound exports declined significantly to $X in 2023. Overall, exports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X tons) was the main destination for heterocyclic compound exports from Australia, accounting for a X% share of total exports. Moreover, heterocyclic compound exports to New Zealand exceeded the volume sent to the second major destination, Singapore (X kg), more than tenfold. Brazil (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to New Zealand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Brazil (X% per year).

In value terms, New Zealand ($X) emerged as the key foreign market for heterocyclic compounds exports from Australia, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to New Zealand stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Brazil (X% per year).

Export Prices by Country

The average heterocyclic compound export price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the export price posted a prominent increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2023, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

Heterocyclic Compound Imports

Imports into Australia

In 2023, after three years of growth, there was significant decline in supplies from abroad of heterocyclic compounds, when their volume decreased by X% to X tons. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then declined markedly in the following year.

In value terms, heterocyclic compound imports reduced rapidly to $X in 2023. Overall, imports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of heterocyclic compound to Australia, accounting for a X% share of total imports. Moreover, heterocyclic compound imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of heterocyclic compounds to Australia, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and India (X% per year).

Import Prices by Country

In 2023, the average heterocyclic compound import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform