Australia - Acetone - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAcetone Price in Australia - 2023
Contents:
- Acetone Price in Australia (CIF) - 2023
- Acetone Price in Australia (FOB) - 2022
- Acetone Imports in Australia
- Acetone Exports in Australia
Acetone Price in Australia (CIF) - 2023
In July 2023, the average acetone import price amounted to $1,140 per ton, increasing by 7.1% against the previous month. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in March 2023 an increase of 26% against the previous month. The import price peaked at $1,318 per ton in May 2023; however, from June 2023 to July 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the countries with the highest prices were China ($1,175 per ton) and Taiwan (Chinese) ($1,130 per ton), while the price for Thailand ($939 per ton) and South Korea ($1,016 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by South Korea (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Acetone Price in Australia (FOB) - 2022
In 2021, the average acetone export price amounted to $1,782 per ton, falling by -50.4% against the previous year. In general, the export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 39% against the previous year. Over the period under review, the average export prices hit record highs at $3,593 per ton in 2020, and then reduced rapidly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($6,798 per ton), while the average price for exports to Vanuatu ($1,866 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.
Acetone Imports in Australia
After three years of growth, supplies from abroad of acetone decreased by -2.4% to 7.5K tons in 2022. The total import volume increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 7.2%.
In value terms, acetone imports declined markedly to $7.9M in 2022. Over the period under review, imports, however, saw significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 52% against the previous year.
| Import of Acetone in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Singapore | 2.4 | 4.2 | 6.6 | 65.8% | |
| Taiwan (Chinese) | 1.5 | 1.6 | 1.7 | 6.5% | |
| China | N/A | N/A | 0.3 | 0% | |
| South Korea | N/A | N/A | 0.3 | 0% | |
| Others | 0.3 | 0.5 | 0.4 | 15.5% | |
| Total | 4.2 | 6.4 | 9.3 | 48.8% | |
Top Suppliers of Acetone to Australia in 2022:
- Singapore (5.8K tons)
- Taiwan (Chinese) (1.2K tons)
- South Korea (0.3K tons)
- China (0.3K tons)
Acetone Exports in Australia
In 2022, after three years of growth, there was significant decline in shipments abroad of acetone, when their volume decreased by -28.8% to 56 tons. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 136% against the previous year. As a result, the exports attained the peak of 79 tons, and then dropped remarkably in the following year.
In value terms, acetone exports declined to $130K in 2022. In general, exports, however, showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 124%.
| Export of Acetone in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| New Zealand | 23.1 | 38.0 | 87.2 | 94.3% | |
| Vietnam | 1.1 | N/A | 30.1 | 423.1% | |
| Vanuatu | 3.7 | 3.6 | 4.7 | 12.7% | |
| Papua New Guinea | 6.2 | 67.2 | 4.4 | -15.8% | |
| New Caledonia | 3.4 | 1.9 | 4.1 | 9.8% | |
| Fiji | 2.1 | 0.4 | 3.7 | 32.7% | |
| Others | 14.2 | 9.1 | 6.2 | -33.9% | |
| Total | 53.7 | 120 | 140 | 61.5% | |
Top Export Markets for Acetone from Australia in 2022:
- New Zealand (27.2 tons)
- Vietnam (4.4 tons)
- Vanuatu (2.5 tons)
- Papua New Guinea (2.2 tons)
- New Caledonia (1.9 tons)
- Fiji (1.5 tons)
This report provides an in-depth analysis of the acetone market 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 20146211 - Acetone
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
-
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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