Australia and Oceania: Non-Reinforced Rubber Tubing Market 2024

Non-Reinforced Rubber Tubing Market Size in Australia and Oceania

In 2021, the non-reinforced rubber tubing market in Australia and Oceania was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -13.6% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Non-Reinforced Rubber Tubing Production in Australia and Oceania

In value terms, non-reinforced rubber tubing production expanded to $X in 2021 estimated in export price. In general, production showed resilient growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by 342% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Non-Reinforced Rubber Tubing Exports

Exports in Australia and Oceania

In 2021, overseas shipments of rubber tubing not reinforced were finally on the rise to reach X tons after two years of decline. In general, exports posted a remarkable increase. The pace of growth was the most pronounced in 2017 when exports increased by 103%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, non-reinforced rubber tubing exports expanded slightly to $X in 2021. Overall, exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 96% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Australia (X tons) and New Zealand (X tons) represented the major exporter of rubber tubing not reinforced in Australia and Oceania, constituting 100% of total export.

From 2012 to 2021, the biggest increases were recorded for New Zealand (with a CAGR of +29.5%).

In value terms, Australia ($X) and New Zealand ($X) constituted the countries with the highest levels of exports in 2021.

New Zealand, with a CAGR of +30.0%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, with a decrease of -6.3% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the export price increased by 49%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+0.4%).

Non-Reinforced Rubber Tubing Imports

Imports in Australia and Oceania

In 2021, purchases abroad of rubber tubing not reinforced increased by 26% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 27% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, non-reinforced rubber tubing imports surged to $X in 2021. The total import value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Australia (X tons) was the main importer of rubber tubing not reinforced, committing 56% of total imports. It was distantly followed by Papua New Guinea (X tons) and New Zealand (X tons), together committing a 42% share of total imports.

Imports into Australia decreased at an average annual rate of -12.3% from 2012 to 2021. At the same time, Papua New Guinea (+21.1%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +21.1% from 2012-2021. New Zealand experienced a relatively flat trend pattern. From 2012 to 2021, the share of Papua New Guinea and New Zealand increased by +23 and +8.5 percentage points, respectively.

In value terms, Australia ($X) constitutes the largest market for imported rubber tubing not reinforced in Australia and Oceania, comprising 73% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 21% share of total imports.

In Australia, non-reinforced rubber tubing imports increased at an average annual rate of +1.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: New Zealand (+6.5% per year) and Papua New Guinea (-3.3% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, picking up by 3.6% against the previous year. Over the period under review, the import price posted buoyant growth. The pace of growth appeared the most rapid in 2018 when the import price increased by 127%. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+15.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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