Australia and Oceania: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Exports

Exports in Australia and Oceania

In 2021, approx. X tons of erasers of vulcanised rubber were exported in Australia and Oceania; growing by 363% on the previous year's figure. Over the period under review, exports saw a notable increase. The pace of growth appeared the most rapid in 2019 when exports increased by 825% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, vulcanised rubber erases exports surged to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by 963%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Australia was the major exporting country with an export of about X tons, which recorded 64% of total exports. It was distantly followed by New Zealand (X tons), mixing up a 32% share of total exports. Guam (X kg) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Guam (with a CAGR of +13.9%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Australia ($X), New Zealand ($X) and Guam ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 99% share of total exports.

Among the main exporting countries, Guam, with a CAGR of +11.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, waning by -27.8% against the previous year. In general, the export price saw a noticeable decline. The pace of growth appeared the most rapid in 2015 when the export price increased by 30%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while Guam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guam (-1.7%), while the other leaders experienced a decline in the export price figures.

Vulcanised Rubber Erases Imports

Imports in Australia and Oceania

In 2021, imports of erasers of vulcanised rubber in Australia and Oceania dropped to X tons, with a decrease of -7.3% on the previous year. Over the period under review, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2015 with an increase of 46%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, vulcanised rubber erases imports stood at $X in 2021. In general, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2015 when imports increased by 22%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Australia was the largest importer of erasers of vulcanised rubber in Australia and Oceania, with the volume of imports recording X tons, which was approx. 64% of total imports in 2021. It was distantly followed by New Zealand (X tons), Papua New Guinea (X tons) and Fiji (X tons), together mixing up a 30% share of total imports. Samoa (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to vulcanised rubber erases imports into Australia stood at -9.6%. At the same time, Samoa (+20.6%) displayed positive paces of growth. Moreover, Samoa emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +20.6% from 2012-2021. Fiji experienced a relatively flat trend pattern. By contrast, New Zealand (-7.2%) and Papua New Guinea (-9.0%) illustrated a downward trend over the same period. Fiji (+4.1 p.p.) and Samoa (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -7.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported erasers of vulcanised rubber in Australia and Oceania, comprising 68% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 13% share of total imports. It was followed by Papua New Guinea, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia totaled -6.9%. In the other countries, the average annual rates were as follows: New Zealand (-7.4% per year) and Papua New Guinea (-5.0% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, jumping by 15% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2016 an increase of 17% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Australia ($X per ton) and New Zealand ($X per ton), while Fiji ($X per ton) and Papua New Guinea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+4.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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