Australia: Market for Rubber-to-Metal and Moulded Articles 2024

Market Size for Rubber-to-Metal and Moulded Articles in Australia

In 2021, the Australian rubber-to-metal and moulded article market was finally on the rise to reach $X after three years of decline. In general, consumption, however, showed a perceptible downturn. Rubber-to-metal and moulded article consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Australia

In 2021, shipments abroad of rubber-to-metal and moulded articles increased by 8.1% to X tons, rising for the third consecutive year after four years of decline. Overall, exports, however, saw a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of 9% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, rubber-to-metal and moulded article exports surged to $X in 2021. Over the period under review, exports, however, recorded a noticeable downturn. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X tons) was the main destination for rubber-to-metal and moulded article exports from Australia, accounting for a 23% share of total exports. Moreover, rubber-to-metal and moulded article exports to New Zealand exceeded the volume sent to the second major destination, the United States (X tons), twofold. Singapore (X tons) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand totaled -17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-1.5% per year) and Singapore (+9.5% per year).

In value terms, New Zealand ($X) remains the key foreign market for rubber-to-metal and moulded articles exports from Australia, comprising 23% of total exports. The second position in the ranking was taken by the United States ($X), with a 9.6% share of total exports. It was followed by Singapore, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value to New Zealand totaled -10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+0.6% per year) and Singapore (+8.5% per year).

Export Prices by Country

The average rubber-to-metal and moulded article export price stood at $X per ton in 2021, picking up by 7.1% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 an increase of 43%. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the Philippines ($X per ton) and Russia ($X per ton), while the average price for exports to Singapore ($X per ton) and South Korea ($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 New Zealand (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rubber-to-Metal and Moulded Articles

Imports into Australia

In 2021, purchases abroad of rubber-to-metal and moulded articles was finally on the rise to reach X tons after five years of decline. Overall, imports, however, showed a abrupt descent. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, rubber-to-metal and moulded article imports soared to $X in 2021. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), China (X tons) and Germany (X tons) were the main suppliers of rubber-to-metal and moulded article imports to Australia, with a combined 55% share of total imports. Japan, Taiwan (Chinese), Malaysia, Thailand, Vietnam, India, France, Sweden, Singapore and the UK lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +7.2%), while imports for the other leaders experienced a decline.

In value terms, China ($X), the United States ($X) and Germany ($X) constituted the largest rubber-to-metal and moulded article suppliers to Australia, with a combined 59% share of total imports. Japan, Taiwan (Chinese), Malaysia, Thailand, Vietnam, India, France, Sweden, Singapore and the UK lagged somewhat behind, together comprising a further 27%.

France, with a CAGR of +12.6%, saw the highest rates of growth with regard to 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 rubber-to-metal and moulded article import price amounted to $X per ton, with a decrease of -4.4% against the previous year. In general, the import price, however, posted strong growth. The pace of growth was the most pronounced in 2018 when the average import price increased by 118%. Over the period under review, average import prices reached the maximum at $X per ton in 2020, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+23.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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