Australia and Oceania: Market for Isoprene Rubber (IR) in Primary Forms 2024

Market Size for Isoprene Rubber (IR) in Primary Forms in Australia and Oceania

After three years of growth, the market for isoprene rubber (IR) in primary forms in Australia and Oceania decreased by X% to $X in 2022. Over the period under review, consumption faced a abrupt downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Isoprene Rubber (IR) in Primary Forms in Australia and Oceania

In value terms, production of isoprene rubber (IR) in primary forms stood at $X in 2022 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth remained at a somewhat lower figure.

Exports of Isoprene Rubber (IR) in Primary Forms

Exports in Australia and Oceania

In 2022, exports of isoprene rubber (IR) in primary forms in Australia and Oceania surged to X tons, jumping by X% compared with the year before. Over the period under review, exports, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of isoprene rubber (IR) in primary forms skyrocketed to $X in 2022. In general, exports enjoyed a perceptible expansion. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

In 2022, Papua New Guinea (X tons) was the key exporter of isoprene rubber (IR) in primary forms, making up X% of total exports. It was distantly followed by Australia (X tons), mixing up an X% share of total exports.

Papua New Guinea experienced a relatively flat trend pattern with regard to volume of exports of isoprene rubber (IR) in primary forms. Australia (X%) illustrated a downward trend over the same period. Papua New Guinea (X p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Papua New Guinea ($X) emerged as the largest isoprene rubber (IR) in primary form supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by Australia ($X), with a X% share of total exports.

In Papua New Guinea, exports of isoprene rubber (IR) in primary forms increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price showed a pronounced increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Papua New Guinea ($X per ton), while Australia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Papua New Guinea (X%).

Imports of Isoprene Rubber (IR) in Primary Forms

Imports in Australia and Oceania

In 2022, purchases abroad of isoprene rubber (IR) in primary forms decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of isoprene rubber (IR) in primary forms surged to $X in 2022. Overall, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, Australia (X tons) represented the largest importer of isoprene rubber (IR) in primary forms, mixing up X% of total imports. It was distantly followed by New Zealand (X tons), achieving a X% share of total imports.

Australia was also the fastest-growing in terms of the isoprene rubber (IR) in primary forms imports, with a CAGR of X% from 2012 to 2022. New Zealand (X%) illustrated a downward trend over the same period. While the share of Australia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of New Zealand (X p.p.) displayed negative dynamics.

In value terms, the largest isoprene rubber (IR) in primary form importing markets in Australia and Oceania were New Zealand ($X) and Australia ($X).

Australia, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, growing by X% against the previous year. In general, the import price saw moderate growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Source: IndexBox Platform

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