Australia and Oceania: Market for Natural Rubber And Gums 2024

Market Size for Natural Rubber And Gums in Australia and Oceania

The natural rubber and gum market in Australia and Oceania dropped to $X in 2022, waning by X% against the previous year. In general, consumption showed a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of X%. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Natural Rubber And Gums in Australia and Oceania

In value terms, natural rubber and gum production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a drastic downturn. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Papua New Guinea (X tons) remains the largest natural rubber and gum producing country in Australia and Oceania, accounting for X% of total volume.

From 2012 to 2022, the average annual growth rate of volume in Papua New Guinea stood at X%.

In 2022, the average natural rubber and gum yield in Australia and Oceania stood at X kg per ha, remaining stable against 2021. In general, the yield, however, saw a noticeable shrinkage. The pace of growth was the most pronounced in 2013 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X kg per ha. From 2014 to 2022, the growth of the natural rubber and gum yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the natural rubber and gum harvested area in Australia and Oceania dropped slightly to X ha, approximately mirroring 2021 figures. Overall, the harvested area saw a noticeable downturn. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2014; however, from 2015 to 2022, the harvested area stood at a somewhat lower figure.

Exports of Natural Rubber And Gums

Exports in Australia and Oceania

In 2022, the amount of natural rubber and gums exported in Australia and Oceania reduced markedly to X tons, falling by X% on the year before. Overall, exports continue to indicate a sharp curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, natural rubber and gum exports shrank rapidly to $X in 2022. In general, exports faced a significant decline. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Papua New Guinea was the major exporting country with an export of around X tons, which finished at X% of total exports. It was distantly followed by Australia (X tons), committing a X% share of total exports.

Papua New Guinea was also the fastest-growing in terms of the natural rubber and gums exports, with a CAGR of X% from 2012 to 2022. Australia (X%) illustrated a downward trend over the same period. While the share of Papua New Guinea (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (X p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest natural rubber and gum supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by Papua New Guinea ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at X%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, jumping by X% against the previous year. Overall, the export price saw a strong expansion. The pace of growth was the most pronounced in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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 Australia ($X per ton), while Papua New Guinea amounted to $X per ton.

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

Imports of Natural Rubber And Gums

Imports in Australia and Oceania

In 2022, the amount of natural rubber and gums imported in Australia and Oceania declined dramatically to X tons, falling by X% compared with the year before. Overall, imports showed a abrupt setback. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, natural rubber and gum imports fell rapidly to $X in 2022. Over the period under review, imports saw a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia was the major importer of natural rubber and gums in Australia and Oceania, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. It was distantly followed by New Zealand (X tons), creating a X% share of total imports. Papua New Guinea (X tons) held a minor share of total imports.

Imports into Australia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Papua New Guinea (X%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, New Zealand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Australia and Papua New Guinea increased by X and X percentage points, respectively.

In value terms, the largest natural rubber and gum importing markets in Australia and Oceania were Australia ($X), New Zealand ($X) and Papua New Guinea ($X), with a combined X% share of total imports.

Papua New Guinea, 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, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, dropping by X% against the previous year. Overall, the import price continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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