Australia: Overview of the Market for Natural Rubber And Gums 2021

Market Size for Natural Rubber And Gums in Australia

In 2020, the Australian natural rubber and gum market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, saw a noticeable downturn. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Natural rubber and gum consumption peaked at $X in 2008; however, from 2009 to 2020, consumption remained at a lower figure.

Production of Natural Rubber And Gums in Australia

In value terms, natural rubber and gum production amounted to $X in 2020 estimated in export prices. In general, production enjoyed a remarkable increase. The pace of growth was the most pronounced in 2010 when the production volume increased by X% y-o-y. Natural rubber and gum production peaked at $X in 2013; however, from 2014 to 2020, production remained at a lower figure.

In 2020, the average yield of natural rubber and gums in Australia amounted to X kg per ha, stabilizing at the previous year's figure. Over the period under review, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, approx. X ha of natural rubber and gums were harvested in Australia; remaining stable against the previous year's figure. Overall, the harvested area showed a relatively flat trend pattern.

Exports of Natural Rubber And Gums

Exports from Australia

In 2020, natural rubber and gum exports from Australia shrank significantly to X tonnes, reducing by -X% compared with the previous year. Overall, exports saw a significant curtailment. The growth pace was the most rapid in 2009 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tonnes in 2014; however, from 2015 to 2020, exports remained at a lower figure.

In value terms, natural rubber and gum exports reduced to $X in 2020. In general, exports saw a abrupt descent. The growth pace was the most rapid in 2009 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X tonnes), Malaysia (X tonnes) and China (X kg) were the main destinations of natural rubber and gum exports from Australia, together comprising X% of total exports.

From 2007 to 2020, the biggest increases were in Taiwan (Chinese), while shipments for the other leaders experienced a decline.

In value terms, Papua New Guinea ($X), Taiwan (Chinese) ($X) and China ($X) constituted the largest markets for natural rubber and gum exported from Australia worldwide, together comprising X% of total exports.

Taiwan (Chinese) saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average natural rubber and gum export price stood at $X per tonne in 2020, surging by X% against the previous year. In general, the export price posted a tangible expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2018; however, from 2019 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Papua New Guinea ($X per tonne), while the average price for exports to the Philippines ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to New Caledonia, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Natural Rubber And Gums

Imports into Australia

In 2020, supplies from abroad of natural rubber and gums was finally on the rise to reach X tonnes for the first time since 2014, thus ending a five-year declining trend. In general, imports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. As a result, imports attained the peak of X tonnes. From 2009 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, natural rubber and gum imports skyrocketed to $X in 2020. Overall, imports, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Imports peaked at $X in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

Imports by Country

Malaysia (X tonnes), Viet Nam (X tonnes) and Thailand (X tonnes) were the main suppliers of natural rubber and gum imports to Australia, with a combined X% share of total imports. These countries were followed by China, Indonesia, the U.S. and New Zealand, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China, while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) constituted the largest supplier of natural rubber and gum to Australia, comprising X% of total imports. The second position in the ranking was occupied by Viet Nam ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Malaysia stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Viet Nam (+X% per year) and China (+X% per year).

Import Prices by Country

In 2020, the average natural rubber and gum import price amounted to $X per tonne, with an increase of X% against the previous year. Over the period under review, import price indicated a temperate increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, natural rubber and gum import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. The import price peaked at $X per tonne in 2011; however, from 2012 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per tonne), while the price for Indonesia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for natural rubber and gums in the world?

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The countries with the highest volumes of natural rubber and gum consumption in 2020 were Thailand (4.6M tonnes), Indonesia (3.5M tonnes) and China (2.3M tonnes), together accounting for 62% of global consumption. These countries were followed by Malaysia, Viet Nam, India and Cote d'Ivoire, which together accounted for a further 25%.

What are the largest producers of natural rubber and gums in the world?

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The countries with the highest volumes of natural rubber and gum production in 2020 were Thailand (5M tonnes), Indonesia (3.5M tonnes) and China (1.7M tonnes), with a combined 64% share of global production. These countries were followed by Viet Nam, India, Cote d'Ivoire and Malaysia, which together accounted for a further 23%.

What are the leading suppliers of natural rubber and gums to Australia?

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In value terms, Malaysia ($261K) constituted the largest supplier of natural rubber and gum to Australia, comprising 55% of total imports. The second position in the ranking was occupied by Viet Nam ($65K), with a 14% share of total imports. It was followed by China, with a 6.5% share.

What are the leading importers of natural rubber and gums from Australia?

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In value terms, Papua New Guinea ($4.4K), Taiwan (Chinese) ($3.5K) and China ($3.4K) were the largest markets for natural rubber and gum exported from Australia worldwide, with a combined 69% share of total exports.

What is the average export price for natural rubber and gums in Australia?

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In 2020, the average natural rubber and gum export price amounted to $3,144 per tonne, rising by 14% against the previous year.

What is the average import price for natural rubber and gums in Australia?

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The average natural rubber and gum import price stood at $3,115 per tonne in 2020, growing by 13% against the previous year.