Key Market Indicators
Australia's aromatic imports are projected to climb to approximately $1.05 million by 2028, up from about $900,000 in 2023. This growth represents an average annual increase of 2.5% over the five-year period. Since 1993, Australian demand for aromatics has risen by an average of 1.8% per year. On the export side, Australia's aromatic exports are expected to reach around $230,000 by 2028, increasing from roughly $180,000 in 2023. This marks an average annual growth rate of 3.7%. Since 1993, the supply of aromatics from Australia has grown by an average of 2.9% each year. In 2023, Australia ranked 17th in the world for aromatic exports, with Poland surpassing it at the same export value of around $180,000. Leading the global market, China, India, and Japan occupied the second, third, and fourth positions, respectively.
