Australia and Oceania: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in Australia and Oceania

The reclaimed rubber market in Australia and Oceania rose sharply to $X in 2023, growing by X% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Reclaimed Rubber Production in Australia and Oceania

In value terms, reclaimed rubber production rose significantly to $X in 2023 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

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Reclaimed Rubber Exports

Exports in Australia and Oceania

In 2023, the amount of reclaimed rubber exported in Australia and Oceania shrank markedly to X tons, falling by X% against 2022 figures. Over the period under review, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. The volume of export peaked at X tons in 2022, and then fell significantly in the following year.

In value terms, reclaimed rubber exports surged to $X in 2023. In general, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the near future.

Exports by Country

In 2023, New Zealand (X tons), distantly followed by Australia (X tons) represented the key exporters of reclaimed rubber, together making up X% of total exports.

From 2012 to 2023, the biggest increases were recorded for New Zealand (with a CAGR of X%).

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

From 2012 to 2023, the average annual growth rate of value in Australia amounted to X%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2023, surging by X% against the previous year. In general, the export price, however, showed a noticeable descent. The growth pace was the most rapid in 2015 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Reclaimed Rubber Imports

Imports in Australia and Oceania

In 2023, supplies from abroad of reclaimed rubber increased by X% to X tons, rising for the third year in a row after three years of decline. Total imports indicated mild growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, reclaimed rubber imports expanded sharply to $X in 2023. Overall, imports, however, showed a slight downturn. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Australia dominates imports structure, reaching X tons, which was approx. X% of total imports in 2023. New Zealand (X tons) and Papua New Guinea (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to reclaimed rubber imports into Australia stood at X%. 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 2012-2023. By contrast, New Zealand (X%) illustrated a downward trend over the same period. While the share of Australia (X p.p.) and Papua New Guinea (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of New Zealand (X p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported reclaimed rubber in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in Australia was relatively modest. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and Papua New Guinea (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2023, surging by X% against the previous year. Over the period under review, the import price, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2017 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Australia ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2023, 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