Australia and Oceania: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2024

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in Australia and Oceania

After five years of growth, the vulcanised cellular rubber articles market in Australia and Oceania decreased by -4.1% to $X in 2021. Overall, consumption, however, continues to indicate a strong expansion. Over the period under review, the market reached the maximum level at $X in 2020, and then dropped slightly in the following year.

Production of Vulcanised Cellular Rubber Articles For Technical Uses in Australia and Oceania

In value terms, vulcanised cellular rubber articles production fell to $X in 2021 estimated in export price. Over the period under review, production, however, showed a buoyant expansion. The growth pace was the most rapid in 2016 when the production volume increased by 50% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then shrank in the following year.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports in Australia and Oceania

In 2021, approx. X tons of vulcanised cellular rubber articles for technical uses were exported in Australia and Oceania; with an increase of 6.2% on 2020. Over the period under review, exports, however, saw a pronounced decline. The growth pace was the most rapid in 2017 when exports increased by 45%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, vulcanised cellular rubber articles exports expanded notably to $X in 2021. Total exports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +17.3% against 2018 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 55%. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Australia was the major exporting country with an export of around X tons, which amounted to 67% of total exports. It was distantly followed by New Zealand (X tons), committing a 33% share of total exports.

Exports from Australia decreased at an average annual rate of -8.5% from 2012 to 2021. At the same time, New Zealand (+29.7%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +29.7% from 2012-2021. New Zealand (+31 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -30.6% from 2012 to 2021, respectively.

In value terms, Australia ($X) remains the largest vulcanised cellular rubber articles supplier in Australia and Oceania, comprising 67% of total exports. The second position in the ranking was held by New Zealand ($X), with a 33% share of total exports.

In Australia, vulcanised cellular rubber articles exports plunged by an average annual rate of -2.5% over the period from 2012-2021.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, surging by 2.6% against the previous year. Over the last nine years, it increased at an average annual rate of +6.6%. The most prominent rate of growth was recorded in 2013 an increase of 41% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, 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 Australia (+6.6%).

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports in Australia and Oceania

In 2021, imports of vulcanised cellular rubber articles for technical uses in Australia and Oceania rose remarkably to X tons, increasing by 6.5% compared with the previous year's figure. In general, imports, however, showed a pronounced setback. The growth pace was the most rapid in 2020 with an increase of 21%. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, vulcanised cellular rubber articles imports rose markedly to $X in 2021. The total import value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 22% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

Australia was the key importer of vulcanised cellular rubber articles for technical uses in Australia and Oceania, with the volume of imports amounting to X tons, which was near 58% of total imports in 2021. New Zealand (X tons) ranks second in terms of the total imports with a 15% share, followed by Papua New Guinea (11%) and Fiji (8.4%). The following importers - Samoa (X tons) and New Caledonia (X tons) - each amounted to a 4.3% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to vulcanised cellular rubber articles imports into Australia stood at -6.8%. At the same time, Samoa (+56.4%), New Caledonia (+31.3%), Papua New Guinea (+10.2%), Fiji (+7.9%) and New Zealand (+4.2%) displayed positive paces of growth. Moreover, Samoa emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +56.4% from 2012-2021. Papua New Guinea (+7.6 p.p.), New Zealand (+7 p.p.), Fiji (+5.2 p.p.), Samoa (+2.3 p.p.) and New Caledonia (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -25.3% from 2012 to 2021, respectively.

In value terms, Australia ($X) constitutes the largest market for imported vulcanised cellular rubber articles for technical uses in Australia and Oceania, comprising 61% of total imports. The second position in the ranking was held by Papua New Guinea ($X), with a 16% share of total imports. It was followed by New Zealand, with a 15% share.

In Australia, vulcanised cellular rubber articles imports increased at an average annual rate of +1.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Papua New Guinea (+3.2% per year) and New Zealand (+5.2% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, with an increase of 3.4% against the previous year. Over the period under review, the import price posted a strong increase. The most prominent rate of growth was recorded in 2016 when the import price increased by 35% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Papua New Guinea ($X per ton), while Fiji ($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 (+8.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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