The import of aromatic alcohols to Australia has demonstrated significant variability over the past decade. After reaching a low in 2013, there has been a general upward trend, peaking in 2018. Recent years have shown smaller but consistent increases, with a value of $896.18 thousand in 2023, indicating ongoing demand. The year-on-year growth rate over the last two years reflects moderate gains, 9.03% in 2022 and 3.38% in 2023.
Looking ahead, the market is forecasted to grow steadily, averaging a CAGR of 2.5% over the next five years, reaching $1,046.9 thousand by 2028. Key trends to watch include advancements in industrial applications, new regulatory policies affecting imports, and shifts in global supply chain dynamics, which could impact both availability and cost.
