Australia and Oceania: Vulcanised Rubber Thread Market 2023

Vulcanised Rubber Thread Market Size in Australia and Oceania

The vulcanised rubber thread market in Australia and Oceania declined to $X in 2021, with a decrease of -13% against the previous year. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X, and then fell in the following year.

Vulcanised Rubber Thread Production in Australia and Oceania

In value terms, vulcanised rubber thread production fell to $X in 2021 estimated in export price. The total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. 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 contracted in the following year.

Vulcanised Rubber Thread Exports

Exports in Australia and Oceania

In 2021, exports of vulcanised rubber thread and cord in Australia and Oceania surged to X tons, growing by 3,853% on the previous year. In general, exports saw a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, vulcanised rubber thread exports soared to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia prevails in exports structure, reaching X tons, which was near 91% of total exports in 2021. It was distantly followed by New Zealand (X tons), achieving an 8.7% share of total exports.

Australia was also the fastest-growing in terms of the vulcanised rubber thread and cord exports, with a CAGR of +31.0% from 2012 to 2021. New Zealand (-9.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Australia increased by +63 percentage points.

In value terms, Australia ($X) remains the largest vulcanised rubber thread supplier in Australia and Oceania, comprising 72% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 26% share of total exports.

In Australia, vulcanised rubber thread exports expanded at an average annual rate of +7.7% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, which is down by -84.2% against the previous year. Over the period under review, the export price saw a deep setback. The pace of growth was the most pronounced in 2017 when the export price increased by 364%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (-1.3%).

Vulcanised Rubber Thread Imports

Imports in Australia and Oceania

In 2021, vulcanised rubber thread imports in Australia and Oceania expanded significantly to X tons, picking up by 15% on 2020 figures. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.0% 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 +64.4% against 2018 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 44% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, vulcanised rubber thread imports skyrocketed to $X in 2021. Total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.8% 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 +78.6% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Australia (X tons) was the key importer of vulcanised rubber thread and cord, committing 50% of total imports. It was distantly followed by New Zealand (X tons) and Papua New Guinea (X tons), together making up a 46% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Papua New Guinea (with a CAGR of +6.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constitutes the largest market for imported vulcanised rubber thread and cord in Australia and Oceania, comprising 51% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 23% share of total imports.

In Australia, vulcanised rubber thread imports increased at an average annual rate of +2.4% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+3.4% per year) and Papua New Guinea (+11.0% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, surging by 18% against the previous year. In general, the import price, however, continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2017 an increase of 23%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Papua New Guinea ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+4.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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