Australia: Market for Lauryl Alcohol, Cetyl Alcohol, Stearyl Alcohol and Other Saturated Monohydric Alcohols (Excluding Methyl, Propyl and Isopropyl, N-butyl, Other Butanols, Octyl) 2024

Market Size for Lauryl Alcohol, Cetyl Alcohol, Stearyl Alcohol and Other Saturated Monohydric Alcohols (Excluding Methyl, Propyl and Isopropyl, N-butyl, Other Butanols, Octyl) in Australia

The Australian market for lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) shrank markedly to $X in 2023, with a decrease of X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Lauryl Alcohol, Cetyl Alcohol, Stearyl Alcohol and Other Saturated Monohydric Alcohols (Excluding Methyl, Propyl and Isopropyl, N-butyl, Other Butanols, Octyl) in Australia

In value terms, production of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) reduced to $X in 2023 estimated in export price. Overall, production, however, recorded modest growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production of reached the peak level at $X in 2017; however, from 2018 to 2023, production stood at a somewhat lower figure.

Exports of Lauryl Alcohol, Cetyl Alcohol, Stearyl Alcohol and Other Saturated Monohydric Alcohols (Excluding Methyl, Propyl and Isopropyl, N-butyl, Other Butanols, Octyl)

Exports from Australia

In 2023, approx. X tons of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) were exported from Australia; waning by X% against the previous year's figure. Over the period under review, exports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports of hit record highs at X tons in 2022, and then declined sharply in the following year.

In value terms, exports of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) declined sharply to $X in 2023. Overall, exports, however, showed a temperate expansion. The pace of growth was the most pronounced in 2022 with an increase of X%. As a result, the exports reached the peak of $X, and then plummeted in the following year.

Exports by Country

Papua New Guinea (X tons) was the main destination for exports of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) from Australia, accounting for a X% share of total exports. Moreover, exports of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) to Papua New Guinea exceeded the volume sent to the second major destination, Indonesia (X tons), twofold. Fiji (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Papua New Guinea amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Fiji (X% per year).

In value terms, Papua New Guinea ($X), Indonesia ($X) and Fiji ($X) constituted the largest markets for lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols exported from Australia worldwide, with a combined X% share of total exports.

Fiji, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2023, the average export price for lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2023, 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 New Zealand ($X per ton), while the average price for exports to Papua New Guinea ($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 New Zealand (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Lauryl Alcohol, Cetyl Alcohol, Stearyl Alcohol and Other Saturated Monohydric Alcohols (Excluding Methyl, Propyl and Isopropyl, N-butyl, Other Butanols, Octyl)

Imports into Australia

In 2023, purchases abroad of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports of reached the maximum at X tons in 2015; however, from 2016 to 2023, imports failed to regain momentum.

In value terms, imports of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) dropped dramatically to $X in 2023. Overall, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports of failed to regain momentum.

Imports by Country

The United States (X tons), Mexico (X tons) and Singapore (X tons) were the main suppliers of imports of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) to Australia, together accounting for X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Singapore (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) to Australia, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

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

Import Prices by Country

The average import price for lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) stood at $X per ton in 2023, waning by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2022 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

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 France ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform