Australia: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Australia

For the fourth year in a row, the Australian vulcanised rubber erases market recorded decline in sales value, which decreased by -6.4% to $X in 2021. Over the period under review, consumption saw a deep contraction. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Vulcanised Rubber Erases Exports

Exports from Australia

In 2021, the amount of erasers of vulcanised rubber exported from Australia soared to X tons, jumping by 333% compared with 2020. Over the period under review, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 1,282%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, vulcanised rubber erases exports skyrocketed to $X in 2021. In general, exports showed noticeable growth. The growth pace was the most rapid in 2019 when exports increased by 1,482% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

New Zealand (X tons), Papua New Guinea (X kg) and China (X kg) were the main destinations of vulcanised rubber erases exports from Australia, together comprising 79% of total exports. These countries were followed by Hong Kong SAR, Belgium, Singapore and Indonesia, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +116.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), Papua New Guinea ($X) and China ($X) appeared to be the largest markets for vulcanised rubber erases exported from Australia worldwide, together accounting for 78% of total exports.

Among the main countries of destination, Papua New Guinea, with a CAGR of +103.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vulcanised rubber erases export price stood at $X per ton in 2021, waning by -27.6% against the previous year. Overall, the export price recorded a deep contraction. The pace of growth appeared the most rapid in 2017 an increase of 50% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to New Zealand ($X per ton) and Hong Kong SAR ($X per ton), while the average price for exports to Singapore ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+40.3%), while the prices for the other major destinations experienced a decline.

Vulcanised Rubber Erases Imports

Imports into Australia

For the fourth consecutive year, Australia recorded decline in purchases abroad of erasers of vulcanised rubber, which decreased by -17.2% to X tons in 2021. In general, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2015 with an increase of 52%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, vulcanised rubber erases imports dropped slightly to $X in 2021. Over the period under review, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2015 with an increase of 28% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest vulcanised rubber erases supplier to Australia, accounting for a 82% share of total imports. Moreover, vulcanised rubber erases imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold. The United States (X tons) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+24.9% per year) and the United States (-1.7% per year).

In value terms, China ($X) constituted the largest supplier of erasers of vulcanised rubber to Australia, comprising 82% of total imports. The second position in the ranking was held by Malaysia ($X), with a 6.5% share of total imports. It was followed by the United States, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to -8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+28.7% per year) and the United States (+5.8% per year).

Import Prices by Country

In 2021, the average vulcanised rubber erases import price amounted to $X per ton, surging by 21% against the previous year. Over the last nine years, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2016 when the average import price increased by 25%. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the United States ($X per ton) and Malaysia ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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