From 2013 to 2023, the import of Monobutyl Ethers of Ethylene and Diethylene Glycol to Australia exhibited both peaks and troughs. Starting at $6.6666 million in 2013, there were fluctuations such as a notable decline in 2016 to $6.0891 million and a peak in 2017 at $6.9248 million. The lowest value in this period was $5.3614 million in 2020. From 2021 to 2023, there was a steady decline, reaching $6.1304 million in 2023. Notable year-on-year variations include a significant drop of 18.44% in 2020 and an increase of 18.39% in 2021.
Future trends to watch for:
- Continued decline, with forecasted imports expected to fall to $5.5689 million by 2028.
- The five-year compound annual growth rate (CAGR) from 2023 to 2028 is forecasted to be -1.52%, indicating a broader trend of gradual decline.
- Key factors that might influence this trend include changes in industrial demand, regulatory policies, and global market conditions.
