Australia, Oceania Fireclay Market Surges in 2024: Exports, Imports Hit Records, Production Plummets
In 2024, the fireclay market in Australia and Oceania experienced significant shifts. Exports and imports surged, reaching record highs, while production plummeted.
China has been the top destination for Australian and Oceanic fireclay exports since 2018. Australia, the region's largest exporter, saw a compound annual growth rate of X% from 2012 to 2024. In 2024, exports increased by X% to X tons, marking the second consecutive year of growth following a four-year decline.
The export price stood at $X per ton in 2024, a X% decrease from the previous year. Meanwhile, Australia also led imports, with an average annual growth rate of X% from 2012 to 2024. Imports surged to $X in 2024, up X% from the previous year. Exports also surged to $X, with a growth rate of X%.
Consumption peaked in 2024 at $X, while the market itself reached $X after two years of decline. However, production in Australia and Oceania amounted to $X in 2024, indicating a sharp decrease.
The fireclay market in Australia and Oceania witnessed a turnaround in 2024, with exports and imports surging to record highs. Despite this, production shrank significantly, suggesting a potential supply-demand imbalance. The region's largest trading partner, China, continues to dominate exports.
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