Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Australia - 2024

Contents:

1. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Australia (CIF) - 2024
2. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Australia (FOB) - 2022
3. Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Australia
4. Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Australia

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Australia (CIF) - 2024

The average import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips stood at $2,753 per ton in January 2024, which is down by -26.8% against the previous month. Over the period under review, the import price saw a slight decline. The pace of growth appeared the most rapid in December 2023 an increase of 35% m-o-m. As a result, import price reached the peak level of $3,759 per ton, and then reduced notably in the following month.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was the United States ($14,594 per ton), while the price for Indonesia ($1,821 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the United States (+7.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Australia (FOB) - 2022

The average export price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips stood at $4,637 per ton in 2022, dropping by -17.3% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 30%. As a result, the export price reached the peak level of $6,645 per ton. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($24,611 per ton), while the average price for exports to China ($2,780 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Australia

For the fourth year in a row, Australia recorded growth in overseas purchases of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips, which increased by 33% to 18K tons in 2022. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips skyrocketed to $50M in 2022. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 61%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip to Australia in 2022:

1. Thailand (9.5K tons)
2. Malaysia (3.7K tons)
3. China (1.5K tons)
4. Lithuania (1.4K tons)
5. Indonesia (0.8K tons)

Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Australia

After two years of decline, overseas shipments of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips increased by 64% to 593 tons in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +11.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips soared to $2.8M in 2022. Overall, exports, however, continue to indicate a mild downturn.

Top Export Markets for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip from Australia in 2022:

1. New Zealand (345.8 tons)
2. Japan (71.4 tons)
3. Thailand (52.7 tons)
4. South Korea (45.8 tons)
5. China (24.5 tons)
6. Malaysia (22.7 tons)
7. Indonesia (6.0 tons)
8. Singapore (5.7 tons)

Source: IndexBox Market Intelligence Platform