Australia and Oceania: Market for Extruded Solid Rubber Rods And Profiles 2024

Market Size for Extruded Solid Rubber Rods And Profiles in Australia and Oceania

In 2022, the extruded solid rubber rod market in Australia and Oceania increased by 3.6% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, saw a noticeable setback. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Extruded Solid Rubber Rods And Profiles in Australia and Oceania

In value terms, extruded solid rubber rod production declined slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced decrease. The most prominent rate of growth was recorded in 2015 when the production volume increased by 89% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Exports of Extruded Solid Rubber Rods And Profiles

Exports in Australia and Oceania

Extruded solid rubber rod exports contracted markedly to X tons in 2022, dropping by -41.1% on the previous year's figure. Over the period under review, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of 99%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, extruded solid rubber rod exports dropped to $X in 2022. In general, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2018 when exports increased by 85% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia was the main exporter of extruded solid rubber rods and profiles in Australia and Oceania, with the volume of exports recording X tons, which was approx. 88% of total exports in 2022. It was distantly followed by New Zealand (X tons), making up an 11% share of total exports.

Exports from Australia decreased at an average annual rate of -6.5% from 2012 to 2022. New Zealand (-4.5%) illustrated a downward trend over the same period. While the share of New Zealand (+1.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (-2.8 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest extruded solid rubber rod supplier in Australia and Oceania, comprising 89% of total exports. The second position in the ranking was held by New Zealand ($X), with an 11% share of total exports.

In Australia, extruded solid rubber rod exports plunged by an average annual rate of -6.7% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, increasing by 52% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 52%. The level of export peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+4.0%).

Imports of Extruded Solid Rubber Rods And Profiles

Imports in Australia and Oceania

In 2022, supplies from abroad of extruded solid rubber rods and profiles increased by 0.8% to X tons, rising for the second year in a row after seven years of decline. Over the period under review, imports, however, continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 8.6% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, extruded solid rubber rod imports expanded notably to $X in 2022. Total imports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.6% against 2015 indices. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

Australia prevails in imports structure, reaching X tons, which was near 91% of total imports in 2022. It was distantly followed by New Zealand (X tons), achieving a 5.5% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to extruded solid rubber rod imports into Australia stood at -8.4%. At the same time, New Zealand (+7.4%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +7.4% from 2012-2022. While the share of New Zealand (+4.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (-4.1 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported extruded solid rubber rods and profiles in Australia and Oceania, comprising 89% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 7% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to +1.6%.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, with an increase of 9.5% against the previous year. In general, the import price posted a buoyant expansion. The pace of growth appeared the most rapid in 2018 when the import price increased by 71%. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+11.0%).

Source: IndexBox Platform

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