Australia and Oceania: Unvulcanized Rubber Market 2024

Unvulcanized Rubber Market Size in Australia and Oceania

The unvulcanized rubber market in Australia and Oceania was estimated at $X in 2022, growing by 8.8% against the previous year. Overall, consumption enjoyed buoyant growth. The level of consumption peaked in 2022 and is likely to see steady growth in the near future.

Unvulcanized Rubber Production in Australia and Oceania

In value terms, unvulcanized rubber production expanded modestly to $X in 2022 estimated in export price. In general, production posted buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 76%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Unvulcanized Rubber Exports

Exports in Australia and Oceania

In 2022, shipments abroad of unvulcanized rubber and articles thereof decreased by -22.8% to X tons, falling for the fourth consecutive year after four years of growth. Overall, exports saw a noticeable contraction. The most prominent rate of growth was recorded in 2017 with an increase of 50% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, unvulcanized rubber exports rose remarkably to $X in 2022. In general, exports showed a perceptible descent. The growth pace was the most rapid in 2017 with an increase of 52%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Australia (X tons) was the main exporter of unvulcanized rubber and articles thereof, generating 83% of total exports. It was distantly followed by New Zealand (X tons), generating a 16% share of total exports.

Exports from Australia decreased at an average annual rate of -1.7% from 2012 to 2022. At the same time, New Zealand (+2.8%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +2.8% from 2012-2022. While the share of Australia (+11 p.p.) and New Zealand (+7.3 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest unvulcanized rubber supplier in Australia and Oceania, comprising 82% of total exports. The second position in the ranking was taken by New Zealand ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to -4.1%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, rising by 43% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+0.9%).

Unvulcanized Rubber Imports

Imports in Australia and Oceania

For the fourth consecutive year, Australia and Oceania recorded growth in overseas purchases of unvulcanized rubber and articles thereof, which increased by 13% to X tons in 2022. The total import volume increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 18% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, unvulcanized rubber imports skyrocketed to $X in 2022. Total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.5% 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 +83.1% against 2016 indices. The growth pace was the most rapid in 2021 when imports increased by 27% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

Australia dominates imports structure, amounting to X tons, which was approx. 89% of total imports in 2022. It was distantly followed by New Zealand (X tons), generating an 8.1% share of total imports.

Australia was also the fastest-growing in terms of the unvulcanized rubber and articles thereof imports, with a CAGR of +2.5% from 2012 to 2022. New Zealand experienced a relatively flat trend pattern. From 2012 to 2022, the share of Australia increased by +3.8 percentage points.

In value terms, Australia ($X) constitutes the largest market for imported unvulcanized rubber and articles thereof in Australia and Oceania, comprising 84% of total imports. The second position in the ranking was held by New Zealand ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at +2.7%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, surging by 5.1% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 8.4% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices 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 totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+2.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :