The import of Halogenated Derivatives of Hydrocarbons to Australia in 2023 stood at $17.764 million. Over the past decade, the data shows significant fluctuations with notable decreases in key periods. For instance, after peaking in 2013, imports declined sharply by 55.67% in 2014 and saw further declines until a substantial 78% increase in 2017. Subsequent years have shown a mixed trend with moderate decreases and slight increases.
In recent trends over the last two years, the imports have seen a decline. The year-on-year variation fell by 4.06% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at -4.75%, indicating an overall decline in the recent period.
For future forecasts up to 2028, the trend suggests a steady decline with a forecasted 5-year CAGR of -3.96%, predicting a total decrease of 18.31% in overall import value. By 2028, imports are expected to reach $13.781 million.
Future trends to watch for include:
- Potential regulatory changes affecting halogenated compounds.
- Shifts in industrial demand possibly influenced by broader economic conditions.
- Technological advancements or alternatives that could impact the necessity for imports.
