Australia and Oceania: Ethanol Market 2024

Ethanol Market Size in Australia and Oceania

The ethanol market in Australia and Oceania dropped modestly to $X in 2023, approximately mirroring the previous year. The total consumption indicated measured growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2023, the growth of the market remained at a somewhat lower figure.

Ethanol Production in Australia and Oceania

In value terms, ethanol production stood at $X in 2023 estimated in export price. The total production indicated a pronounced increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Ethanol Exports

Exports in Australia and Oceania

In 2023, the amount of ethyl alcohol exported in Australia and Oceania expanded rapidly to X litres, growing by X% on 2022. In general, exports saw a strong increase. The pace of growth was the most pronounced in 2016 when exports increased by X%. As a result, the exports reached the peak of X litres. From 2017 to 2023, the growth of the exports failed to regain momentum.

In value terms, ethanol exports totaled $X in 2023. Over the period under review, exports recorded prominent growth. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2023 and are likely to see steady growth in the near future.

Exports by Country

Australia dominates exports structure, resulting at X litres, which was near X% of total exports in 2023. Papua New Guinea (X litres) took a little share of total exports.

Australia was also the fastest-growing in terms of the ethyl alcohol exports, with a CAGR of X% from 2012 to 2023. Papua New Guinea experienced a relatively flat trend pattern. From 2012 to 2023, the share of Australia increased by X percentage points.

In value terms, Australia ($X) remains the largest ethanol supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by Papua New Guinea ($X), with a X% share of total exports.

In Australia, ethanol exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Australia and Oceania stood at $X per litre in 2023, declining by X% against the previous year. Export price indicated a moderate expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, ethanol export price increased by X% against 2016 indices. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The level of export peaked at $X per litre in 2022, and then fell in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Australia ($X per litre), while Papua New Guinea stood at $X per litre.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Papua New Guinea (X%).

Ethanol Imports

Imports in Australia and Oceania

In 2023, supplies from abroad of ethyl alcohol decreased by X% to X litres, falling for the fourth consecutive year after three years of growth. Over the period under review, imports recorded a noticeable slump. The pace of growth was the most pronounced in 2019 when imports increased by X%. As a result, imports reached the peak of X litres. From 2020 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, ethanol imports dropped significantly to $X in 2023. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, New Zealand (X litres) represented the largest importer of ethyl alcohol, achieving X% of total imports. Australia (X litres) took the second position in the ranking, distantly followed by Papua New Guinea (X litres). All these countries together held near X% share of total imports. Solomon Islands (X litres) took a little share of total imports.

Imports into New Zealand increased at an average annual rate of X% from 2012 to 2023. At the same time, Papua New Guinea (X%) and Solomon Islands (X%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2023. By contrast, Australia (X%) illustrated a downward trend over the same period. While the share of New Zealand (X p.p.) and Papua New Guinea (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Australia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) constitutes the largest market for imported ethyl alcohol in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by Australia ($X), with a X% share of total imports. It was followed by Papua New Guinea, with a X% share.

In New Zealand, ethanol imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Australia (X% per year) and Papua New Guinea (X% per year).

Import Prices by Country

In 2023, the import price in Australia and Oceania amounted to $X per litre, shrinking by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per litre in 2022, and then reduced modestly in the following year.

Average prices varied noticeably amongst the major importing countries. In 2023, major importing countries recorded the following prices: in New Zealand ($X per litre) and Australia ($X per litre), while Papua New Guinea ($X per litre) and Solomon Islands ($X per litre) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform