The import of Oxirane (ethylene oxide) to Australia observed varying trends from 2013 to 2023. The initial years displayed growth, with 2014 reaching a peak of $870.53 thousand. However, a significant downturn began in 2017, with import values dropping to $303.36 thousand. This downward trend persisted, reaching $176.75 thousand in 2023, indicating a -11.76% year-on-year decline and a -5.58% CAGR over the last five years. The forecast predicts a continuous decline, with an estimated value of $53.75 thousand by 2028, representing an -18.65% forecasted CAGR and a -64.38% forecasted growth rate over five years.
Future trends to watch for:
- Potential shifts in supply chain strategies post-pandemic recovery.
- Regulatory changes impacting chemical imports.
- Emergence of local production or alternative materials affecting import demand.
