Australia: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Australia

The Australian vulcanised rubber thread market fell to $X in 2021, with a decrease of -13.6% against the previous year. The market value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then fell in the following year.

Vulcanised Rubber Thread Production in Australia

In value terms, vulcanised rubber thread production reduced to $X in 2021 estimated in export price. Over the period under review, the total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +16.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 32%. As a result, production attained the peak level of $X, and then fell in the following year.

Vulcanised Rubber Thread Exports

Exports from Australia

In 2021, shipments abroad of vulcanised rubber thread and cord was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, vulcanised rubber thread exports surged to $X in 2021. In general, exports posted a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore (X tons) was the main destination for vulcanised rubber thread exports from Australia, accounting for a 98% share of total exports. It was followed by New Zealand (X tons), with a 0.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore amounted to +143.2%.

In value terms, New Zealand ($X) remains the key foreign market for vulcanised rubber thread and cord exports from Australia, comprising 58% of total exports. The second position in the ranking was taken by Singapore ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual growth rate of value to New Zealand totaled +28.2%.

Export Prices by Country

The average vulcanised rubber thread export price stood at $X per ton in 2021, reducing by -97.7% against the previous year. Overall, the export price saw a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when the average export price increased by 407% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020, and then shrank notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Singapore totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+713.1%), while the prices for the other major destinations experienced mixed trend patterns.

Vulcanised Rubber Thread Imports

Imports into Australia

In 2021, approx. X tons of vulcanised rubber thread and cord were imported into Australia; jumping by 19% on 2020 figures. Over the period under review, total imports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +38.6% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 80%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, vulcanised rubber thread imports skyrocketed to $X in 2021. In general, total imports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +10.2% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 71% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X tons), Thailand (X tons) and China (X tons) were the main suppliers of vulcanised rubber thread imports to Australia, together accounting for 96% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +34.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Thailand ($X) and the UK ($X) were the largest vulcanised rubber thread suppliers to Australia, together accounting for 84% of total imports.

The UK, with a CAGR of +27.5%, 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

The average vulcanised rubber thread import price stood at $X per ton in 2021, growing by 8.1% against the previous year. Overall, the import price, however, recorded a perceptible curtailment. The pace of growth was the most pronounced in 2017 an increase of 15%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Thailand ($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 UK (+3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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