Australia: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in Australia

In 2021, the Australian reclaimed rubber market increased by 52% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Reclaimed rubber consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Reclaimed Rubber Exports

Exports from Australia

In 2021, the amount of reclaimed rubber exported from Australia surged to X tons, growing by 300% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a pronounced descent. The growth pace was the most rapid in 2019 when exports increased by 825%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, reclaimed rubber exports surged to $X in 2021. In general, exports, however, faced a abrupt contraction. The growth pace was the most rapid in 2019 when exports increased by 1,149%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

New Zealand (X tons) was the main destination for reclaimed rubber exports from Australia, with a 87% share of total exports. Moreover, reclaimed rubber exports to New Zealand exceeded the volume sent to the second major destination, Malaysia (X tons), more than tenfold. France (X tons) ranked third in terms of total exports with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume to New Zealand was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+13.0% per year) and France (0.0% per year).

In value terms, New Zealand ($X) remains the key foreign market for reclaimed rubber exports from Australia, comprising 69% of total exports. The second position in the ranking was taken by Papua New Guinea ($X), with a 15% share of total exports. It was followed by Malaysia, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value to New Zealand amounted to -16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-14.1% per year) and Malaysia (+12.6% per year).

Export Prices by Country

The average reclaimed rubber export price stood at $X per ton in 2021, shrinking by -32.1% against the previous year. Overall, the export price faced a deep slump. The most prominent rate of growth was recorded in 2015 when the average export price increased by 105% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Papua New Guinea ($X per ton), while the average price for exports to New Zealand ($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 China (+29.4%), while the prices for the other major destinations experienced more modest paces of growth.

Reclaimed Rubber Imports

Imports into Australia

After three years of decline, overseas purchases of reclaimed rubber increased by 28% to X tons in 2021. Overall, imports enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 32% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, reclaimed rubber imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), New Zealand (X tons) and South Africa (X tons) were the main suppliers of reclaimed rubber imports to Australia, with a combined 63% share of total imports. Portugal, Switzerland, India, Germany, the Netherlands, Belgium and Spain 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 Switzerland (with a CAGR of +123.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of reclaimed rubber to Australia, comprising 37% of total imports. The second position in the ranking was held by Switzerland ($X), with an 11% share of total imports. It was followed by Portugal, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+142.2% per year) and Portugal (+73.2% per year).

Import Prices by Country

In 2021, the average reclaimed rubber import price amounted to $X per ton, surging by 30% against the previous year. Overall, the import price, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of 32% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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