The import of liquefied ethylene, propylene, butylene, and butadiene to Australia displayed varying trends from 2013 to 2023. Observing the data, 2023 recorded a value of 1,033.7 thousand kilograms. The imports fluctuated significantly, with notable increases in 2018 (647.31%) and decreases in 2017 (-55.27%). For the past two years, the year-on-year growth rates were 4.09% in 2022 and 3.85% in 2023, indicating a relatively stable increase. The compound annual growth rate (CAGR) over the last five years was -1.56%, suggesting a mild decline.
Looking ahead, the forecasted data from 2024 onwards estimates a steady growth in imports. The anticipated compound annual growth rate over the next five years is 2.78%, corresponding to a forecasted five-year growth rate of 14.7%. This signals a positive outlook for imports of these chemicals into Australia.
Future trends to watch for include:
- Potential impacts of global supply chain disruptions on import volumes.
- Changes in domestic demand and industrial consumption patterns in Australia.
- Environmental regulations that may affect production and importation of these chemicals.