Australia: Extruded Rod Market 2022

Extruded Rod Market Size in Australia

In 2021, the Australian extruded rod market was finally on the rise to reach $X after three years of decline. In general, consumption recorded resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Extruded Rod Exports

Exports from Australia

In 2021, shipments abroad of extruded rods and profile shapes of cellular vulcanised rubber decreased by -X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a abrupt contraction. The growth pace was the most rapid in 2015 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, extruded rod exports amounted to $X in 2021. In general, exports continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

New Zealand (X tons), Papua New Guinea (X tons) and Singapore (X tons) were the main destinations of extruded rod exports from Australia, together comprising X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for extruded rod exported from Australia were New Zealand ($X), Papua New Guinea ($X) and Indonesia ($X), together comprising X% of total exports. These countries were followed by the UK, Singapore, Panama and the Philippines, which together accounted for a further X, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average extruded rod export price stood at $X per ton in 2021, growing by X% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Extruded Rod Imports

Imports into Australia

In 2021, the amount of extruded rods and profile shapes of cellular vulcanised rubber imported into Australia surged to X tons, with an increase of X% compared with the previous year. Over the period under review, imports saw a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, extruded rod imports skyrocketed to $X in 2021. Overall, imports, however, saw a mild shrinkage. The pace of growth was the most pronounced in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Thailand (X tons) constituted the largest supplier of extruded rod to Australia, accounting for a X% share of total imports. Moreover, extruded rod imports from Thailand exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Malaysia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Malaysia (+X% per year).

In value terms, the largest extruded rod suppliers to Australia were the United States ($X), India ($X) and Thailand ($X), together comprising X% of total imports.

Thailand, with a CAGR of +X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average extruded rod import price amounted to $X per ton, declining by -X% against the previous year. Over the period under review, the import price saw a abrupt descent. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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