Ammonia Industry Analysis in Australia (2024 - 2034)
Study on Ammonia Industries in Australia by Product Type (Conventional Gas, Unconventional Gas) and By Country - 2024 to 2034
Core Findings
Ammonia Industry Demand Outlook for Australia (2024 to 2034)
The ammonia industry in Australia is anticipated to be valued at US$ 6,369.1 million in 2024 and is projected to increase to US$ 11,623.2 million by the end of 2034. Demand for ammonia in Australia is forecasted to expand at a 6.2% CAGR from 2024 to 2034.
Australia's ammonia ecosystem exhibits a robust landscape driven by natural gas availability and agricultural demand. The sector relies on natural gas extraction for ammonia production, primarily for fertilizer use in agriculture.
Established players in natural gas and ammonia production dominate the industry, while a growing emphasis on sustainability has led to innovations in green ammonia production methods. The industrial dynamics, trade relationships, and environmental considerations influence the industry.
As Australia plays a significant role in the ammonia industry, the interplay between traditional production methods and emerging sustainable practices shapes the industry's trajectory. The sector's resilience is evident in its ability to adapt to evolving technologies, ensuring its continued contribution to domestic and international industries.
Key Industrial Growth Drivers
- The industry thrives on the abundant availability of natural gas, a key raw material for ammonia production through the Haber-Bosch process.
- The robust agricultural sector fuels demand for ammonia, primarily as a vital component in nitrogen-based fertilizers, supporting Australia's food production and export activities.
- Australia's strategic geographical location and strong trade relationships position it as a significant player in the ammonia industry, influencing industrial trends and export opportunities.
- Increasing emphasis on sustainability drives innovation, with a shift towards green or renewable ammonia production methods to align with efforts to reduce carbon emissions and environmental impact.
- The industry's ability to adapt to evolving technologies, such as green production methods, ensures competitiveness and sustainability in a dynamic industry.
The industrial push towards sustainable practices has increased the need for ammonia in renewable energy and green technology applications, such as hydrogen production.
The evolving trend in the industry involves a shift towards sustainability, focusing on reducing environmental impact. This is reflected in exploring green ammonia production methods and leveraging renewable energy sources.
As industries align with eco-friendly practices, the demand for ammonia is expected to continue its upward trajectory, driven by both traditional applications and emerging sustainable technologies.
| Report Attributes | Details |
|---|---|
| Estimated Industrial Value (2024E) | US$ 6,369.1 million |
| Forecasted Industrial Value (2034F) | US$ 11,623.2 million |
| Global Industrial Growth Rate (2024 to 2034) | 6.2% CAGR |
| Conventional Gas Segment Growth Rate (2024 to 2034) | 6.5% CAGR |
| Unconventional Gas Segment Growth Rate (2024 to 2034) | 6% CAGR |
| Key Companies Profiled | Yara International ASA; CF Industries Holdings, Inc; Nutrien Ltd; Incitec Pivot Ltd; CSBP Limited; Orica Limited; Wesfarmers Chemicals Energy & Fertilizers |
What Factors Drive the Ammonia Industry in Australia?
“Abundant Natural Resources Generates Industrial Growth”
Australia's rich endowment of natural resources, particularly abundant natural gas reserves, is a primary driver for the ammonia industry. The accessibility and availability of natural gas provide a crucial raw material for ammonia production, supporting the Haber-Bosch process essential for fertilizer and chemical manufacturing.
This natural resource abundance positions Australia as a key player in the ammonia industry, influencing its production capabilities and industrial competitiveness.
“Agricultural Dependency Fuels the Industrial Growth”
The robustness of Australia's agricultural sector significantly propels the demand for ammonia. As a vital component in nitrogen-based fertilizers, ammonia plays a pivotal role in enhancing soil fertility and promoting crop growth.
The country's reliance on agriculture for domestic food production and international exports ensures a consistent and substantial need for ammonia. The symbiotic relationship between the ammonia industry and agriculture establishes a strong foundation for growth, aligning with Australia's strategic focus on sustainable and efficient farming practices.
What Hinders the Ammonia Industry from Growing in Australia?
“Environmental Concerns and Regulations Restrain the Industry”
Environmental considerations pose a significant challenge to the growth of the ammonia industry in Australia. Stringent regulations and increasing awareness about the environmental impact of industrial processes, especially those reliant on fossil fuels, can hinder the expansion of traditional ammonia production methods.
This necessitates a shift towards more sustainable and environmentally friendly practices, which may entail substantial investments in green technologies and cleaner production processes.
“Energy Intensity and Costs Impedes the Industry from Growing”
The ammonia production process, particularly the Haber-Bosch method, is inherently energy-intensive. The reliance on natural gas as a feedstock contributes to high energy consumption and associated costs.
Fluctuations in energy prices and the potential for increased operational expenses can impact the competitiveness of the ammonia industry. As the industrial push for sustainable practices gains momentum, addressing the energy intensity of ammonia production becomes crucial for the industry's growth and long-term viability in Australia.
Country-wise Insights
Why is the Ammonia Industry Attracted to New South Wales?
“Strategic Location and Well-developed Infrastructure Draw the Industry to New South Wales”
| Attribute | New South Wales |
|---|---|
| Industrial Value (2024) | US$ 878.9 million |
| Growth Rate (2024 to 2034) | 6.2% CAGR |
| Projected Value (2034) | US$ 1,569.1 million |
The ammonia industry is drawn to New South Wales due to its strategic location, well-developed infrastructure, and access to key resources. The state's proximity to major industries, efficient transportation networks, and availability of necessary utilities make it an attractive destination for ammonia production facilities.
Additionally, New South Wales offers a conducive business environment and supportive government policies, further encouraging the growth of the ammonia industry in the region.
What Leads the Ammonia Industry Suppliers to do Well in Victoria?
“Diverse Industrial Landscape and Growing Demand for Ammonia-Related Products”
| Attribute | Victoria |
|---|---|
| Industrial Value (2024) | US$ 522.3 million |
| Growth Rate (2024 to 2034) | 5.4% CAGR |
| Projected Value (2034) | US$ 883.4 million |
Suppliers in the ammonia industry can find favorable opportunities in Victoria, driven by the state's diverse industrial landscape and growing demand for ammonia-related products.
Victoria's strong manufacturing sector and well-established supply chains provide a conducive environment for suppliers. However, success in Victoria may hinge on adapting to evolving industry demands, regulatory compliance, and fostering collaborations within the local industrial ecosystem.
Category-wise Insights
By product type, the conventional gas segment is anticipated to hold a 49.2% industrial share in 2024.
By product type, the non-conventional gas segment marks is estimated to hold an industrial share of 50.8% in 2024.
How is the Increasing Adoption of Conventional Gas Impacting Growth?
“Stability and Reliability of Conventional Gas Helps the Industry in Growing”
| Attribute | Conventional Gas |
|---|---|
| Industrial Value (2024) | US$ 3,133.6 million |
| Growth Rate (2024 to 2034) | 6.5% CAGR |
| Projected Value (2034) | US$ 5,776.7 million |
The rising adoption of conventional gas is significantly influencing industry growth by providing stability and reliability. The well-established infrastructure, proven extraction techniques, and consistent supply associated with conventional gas contributes to a dependable and readily available resource.
This fosters a stable environment for industrial operations, ensuring a continuous and predictable source of energy. However, potential challenges may arise in terms of environmental considerations and sustainability concerns, necessitating a balance between the benefits of conventional gas and the industry's evolving priorities.
What Drives the Steady Expansion of Unconventional Gas?
“Technological Advancement Fuels the Industry in Growing”
| Attribute | Unconventional Gas |
|---|---|
| Industrial Value (2024) | US$ 3,235.5 million |
| Growth Rate (2024 to 2034) | 6% CAGR |
| Projected Value (2034) | US$ 5,846.5 million |
The steady expansion of unconventional gas is primarily propelled by factors such as technological advancements and a growing focus on diversifying energy sources. Advances in extraction methods, including hydraulic fracturing and horizontal drilling, have unlocked new reservoirs of unconventional gas, expanding the available resource base.
Additionally, the industry's recognition of the need for alternative and sustainable energy solutions has driven the exploration and exploitation of unconventional gas sources. This diversification strategy aims to address both environmental concerns and the evolving landscape of energy consumption, ensuring a more resilient and adaptive approach to future industry challenges.
Competitive Landscape
Australia's ammonia industry boasts a competitive landscape shaped by major natural gas, ammonia production, and fertilizer manufacturing players. Established companies leverage expertise and infrastructure, while newcomers focus on sustainability and technological advancements.
Industrial demand, raw material prices, and industrial economic conditions influence the sector's dynamics, reflecting a delicate balance between traditional methods and emerging green technologies.
As the industry adapts to evolving trends, the competitive arena sees a blend of experience and innovation, further influenced by Australia's strategic position in the ammonia industry. This interplay positions the industry to navigate challenges and capitalize on opportunities, ensuring a dynamic and resilient competitive landscape.
Some of the recent developments in the ammonia industry in Australia
- In November 2023, Allied Green Ammonia Pty Ltd (Allied) opted for Topsoe's innovative green ammonia technology to enhance an ammonia plant in Gove, Northern Territory, Australia.
In May 2023, Australia's commitment to clean hydrogen processing was underscored by the Western Australian Government's land allocation to Yara Clean Ammonia in the proposed Pilbara Hydrogen Hub.
Segmentation of Ammonia Industry Research in Australia
-
By Product Type :
- Conventional Gas
- Unconventional Gas
-
By Country :
- New South Wales
- Queensland
- South Australia
- Tasmania
- Victoria
- Western Australia
- Northern Territory
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Background
- 4. Australia Industry Analysis 2019 to 2023 and Forecast, 2024 to 2034
- 5. Australia Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type
- 5.1. Conventional Gas
- 5.2. Unconventional Gas
- 6. Australia Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
- 6.1. New South Wales
- 6.2. Queensland
- 6.3. South Australia
- 6.4. Tasmania
- 6.5. Victoria
- 6.6. Western Australia
- 6.7. Northern Territory
- 7. New South Wales Industry Analysis 2019 to 2023 and Forecast 2024 to 2034
- 8. Queensland Industry Analysis 2019 to 2023 and Forecast 2024 to 2034
- 9. South Australia Industry Analysis 2019 to 2023 and Forecast 2024 to 2034
- 10. Tasmania Industry Analysis 2019 to 2023 and Forecast 2024 to 2034
- 11. Victoria Industry Analysis 2019 to 2023 and Forecast 2024 to 2034
- 12. Western Australia Industry Analysis 2019 to 2023 and Forecast 2024 to 2034
- 13. Northern Territory Industry Analysis 2019 to 2023 and Forecast 2024 to 2034
- 14. Market Structure Analysis
- 15. Competition Analysis
- 15.1. Yara International ASA
- 15.2. CF Industries Holdings, Inc
- 15.3. Nutrien Ltd
- 15.4. Incitec Pivot Ltd
- 15.5. CSBP Limited
- 15.6. Orica Limited
- 15.7. Wesfarmers Chemicals Energy & Fertilisers
- 16. Assumptions & Acronyms Used
- 17. Research Methodology
List Of Table
Table 1: Australia Industry Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Australia Industry Volume (Cubic Meters (m³)) Forecast by Region, 2019 to 2034
Table 3: Australia Industry Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 4: Australia Industry Volume (Cubic Meters (m³)) Forecast by Product Type, 2019 to 2034
Table 5: New South Wales Industry Value (US$ Million) Forecast by Country, 2019 to 2034
Table 6: New South Wales Industry Volume (Cubic Meters (m³)) Forecast by Country, 2019 to 2034
Table 7: New South Wales Industry Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 8: New South Wales Industry Volume (Cubic Meters (m³)) Forecast by Product Type, 2019 to 2034
Table 9: Queensland Industry Value (US$ Million) Forecast by Country, 2019 to 2034
Table 10: Queensland Industry Volume (Cubic Meters (m³)) Forecast by Country, 2019 to 2034
Table 11: Queensland Industry Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 12: Queensland Industry Volume (Cubic Meters (m³)) Forecast by Product Type, 2019 to 2034
Table 13: South Australia Industry Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: South Australia Industry Volume (Cubic Meters (m³)) Forecast by Country, 2019 to 2034
Table 15: South Australia Industry Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 16: South Australia Industry Volume (Cubic Meters (m³)) Forecast by Product Type, 2019 to 2034
Table 17: Tasmania Industry Value (US$ Million) Forecast by Country, 2019 to 2034
Table 18: Tasmania Industry Volume (Cubic Meters (m³)) Forecast by Country, 2019 to 2034
Table 19: Tasmania Industry Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 20: Tasmania Industry Volume (Cubic Meters (m³)) Forecast by Product Type, 2019 to 2034
Table 21: Victoria Industry Value (US$ Million) Forecast by Country, 2019 to 2034
Table 22: Victoria Industry Volume (Cubic Meters (m³)) Forecast by Country, 2019 to 2034
Table 23: Victoria Industry Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 24: Victoria Industry Volume (Cubic Meters (m³)) Forecast by Product Type, 2019 to 2034
Table 25: Western Australia Industry Value (US$ Million) Forecast by Country, 2019 to 2034
Table 26: Western Australia Industry Volume (Cubic Meters (m³)) Forecast by Country, 2019 to 2034
Table 27: Western Australia Industry Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 28: Western Australia Industry Volume (Cubic Meters (m³)) Forecast by Product Type, 2019 to 2034
Table 29: Northern Territory Industry Value (US$ Million) Forecast by Country, 2019 to 2034
Table 30: Northern Territory Industry Volume (Cubic Meters (m³)) Forecast by Country, 2019 to 2034
Table 31: Northern Territory Industry Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 32: Northern Territory Industry Volume (Cubic Meters (m³)) Forecast by Product Type, 2019 to 2034
List Of Figures
Figure 1: Australia Industry Value (US$ Million) by Product Type, 2024 to 2034
Figure 2: Australia Industry Value (US$ Million) by Region, 2024 to 2034
Figure 3: Australia Industry Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 4: Australia Industry Volume (Cubic Meters (m³)) Analysis by Region, 2019 to 2034
Figure 5: Australia Industry Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 6: Australia Industry Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 7: Australia Industry Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 8: Australia Industry Volume (Cubic Meters (m³)) Analysis by Product Type, 2019 to 2034
Figure 9: Australia Industry Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 10: Australia Industry Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 11: Australia Industry Attractiveness by Product Type, 2024 to 2034
Figure 12: Australia Industry Attractiveness by Region, 2024 to 2034
Figure 13: New South Wales Industry Value (US$ Million) by Product Type, 2024 to 2034
Figure 14: New South Wales Industry Value (US$ Million) by Country, 2024 to 2034
Figure 15: New South Wales Industry Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 16: New South Wales Industry Volume (Cubic Meters (m³)) Analysis by Country, 2019 to 2034
Figure 17: New South Wales Industry Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 18: New South Wales Industry Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 19: New South Wales Industry Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 20: New South Wales Industry Volume (Cubic Meters (m³)) Analysis by Product Type, 2019 to 2034
Figure 21: New South Wales Industry Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 22: New South Wales Industry Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 23: New South Wales Industry Attractiveness by Product Type, 2024 to 2034
Figure 24: New South Wales Industry Attractiveness by Country, 2024 to 2034
Figure 25: Queensland Industry Value (US$ Million) by Product Type, 2024 to 2034
Figure 26: Queensland Industry Value (US$ Million) by Country, 2024 to 2034
Figure 27: Queensland Industry Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 28: Queensland Industry Volume (Cubic Meters (m³)) Analysis by Country, 2019 to 2034
Figure 29: Queensland Industry Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 30: Queensland Industry Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 31: Queensland Industry Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 32: Queensland Industry Volume (Cubic Meters (m³)) Analysis by Product Type, 2019 to 2034
Figure 33: Queensland Industry Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 34: Queensland Industry Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 35: Queensland Industry Attractiveness by Product Type, 2024 to 2034
Figure 36: Queensland Industry Attractiveness by Country, 2024 to 2034
Figure 37: South Australia Industry Value (US$ Million) by Product Type, 2024 to 2034
Figure 38: South Australia Industry Value (US$ Million) by Country, 2024 to 2034
Figure 39: South Australia Industry Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 40: South Australia Industry Volume (Cubic Meters (m³)) Analysis by Country, 2019 to 2034
Figure 41: South Australia Industry Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 42: South Australia Industry Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 43: South Australia Industry Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 44: South Australia Industry Volume (Cubic Meters (m³)) Analysis by Product Type, 2019 to 2034
Figure 45: South Australia Industry Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 46: South Australia Industry Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 47: South Australia Industry Attractiveness by Product Type, 2024 to 2034
Figure 48: South Australia Industry Attractiveness by Country, 2024 to 2034
Figure 49: Tasmania Industry Value (US$ Million) by Product Type, 2024 to 2034
Figure 50: Tasmania Industry Value (US$ Million) by Country, 2024 to 2034
Figure 51: Tasmania Industry Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 52: Tasmania Industry Volume (Cubic Meters (m³)) Analysis by Country, 2019 to 2034
Figure 53: Tasmania Industry Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 54: Tasmania Industry Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 55: Tasmania Industry Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 56: Tasmania Industry Volume (Cubic Meters (m³)) Analysis by Product Type, 2019 to 2034
Figure 57: Tasmania Industry Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 58: Tasmania Industry Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 59: Tasmania Industry Attractiveness by Product Type, 2024 to 2034
Figure 60: Tasmania Industry Attractiveness by Country, 2024 to 2034
Figure 61: Victoria Industry Value (US$ Million) by Product Type, 2024 to 2034
Figure 62: Victoria Industry Value (US$ Million) by Country, 2024 to 2034
Figure 63: Victoria Industry Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 64: Victoria Industry Volume (Cubic Meters (m³)) Analysis by Country, 2019 to 2034
Figure 65: Victoria Industry Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 66: Victoria Industry Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 67: Victoria Industry Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 68: Victoria Industry Volume (Cubic Meters (m³)) Analysis by Product Type, 2019 to 2034
Figure 69: Victoria Industry Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 70: Victoria Industry Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 71: Victoria Industry Attractiveness by Product Type, 2024 to 2034
Figure 72: Victoria Industry Attractiveness by Country, 2024 to 2034
Figure 73: Western Australia Industry Value (US$ Million) by Product Type, 2024 to 2034
Figure 74: Western Australia Industry Value (US$ Million) by Country, 2024 to 2034
Figure 75: Western Australia Industry Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 76: Western Australia Industry Volume (Cubic Meters (m³)) Analysis by Country, 2019 to 2034
Figure 77: Western Australia Industry Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 78: Western Australia Industry Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 79: Western Australia Industry Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 80: Western Australia Industry Volume (Cubic Meters (m³)) Analysis by Product Type, 2019 to 2034
Figure 81: Western Australia Industry Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 82: Western Australia Industry Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 83: Western Australia Industry Attractiveness by Product Type, 2024 to 2034
Figure 84: Western Australia Industry Attractiveness by Country, 2024 to 2034
Figure 85: Northern Territory Industry Value (US$ Million) by Product Type, 2024 to 2034
Figure 86: Northern Territory Industry Value (US$ Million) by Country, 2024 to 2034
Figure 87: Northern Territory Industry Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 88: Northern Territory Industry Volume (Cubic Meters (m³)) Analysis by Country, 2019 to 2034
Figure 89: Northern Territory Industry Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 90: Northern Territory Industry Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 91: Northern Territory Industry Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 92: Northern Territory Industry Volume (Cubic Meters (m³)) Analysis by Product Type, 2019 to 2034
Figure 93: Northern Territory Industry Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 94: Northern Territory Industry Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 95: Northern Territory Industry Attractiveness by Product Type, 2024 to 2034
Figure 96: Northern Territory Industry Attractiveness by Country, 2024 to 2034
- Frequently Asked Questions -
What is the expected value of the Australian ammonia Industry analysis in 2024?
By 2024, the estimated valuation of the industry is US$ 6,369.1 million in value terms.
At what rate is the ammonia ecosystem growing in Australia?
The anticipated CAGR for the ammonia ecosystem in Australia through 2034 is 6.2%.
What will be the anticipated value of Australia’s ammonia industry in 2034?
By 2034, the demand for the industry will reach US$ 11,623.2 million.
Which is the preferred product for the ammonia industry in Australia?
Conventional gas is estimated to surpass the valuation of the on-premise model soon.
What is the estimated sales value of the ammonia industry in New South Wales?
The industry in New South Wales is calculated at US$ 878.9 million in 2024.
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