Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Australia - 2024

Contents:

1. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Australia (CIF) - 2022
2. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Australia (FOB) - 2022
3. Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Australia
4. Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Australia

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Australia (CIF) - 2022

The average import price for footwear; parts, outer soles and heels, of rubber or plasticses stood at $14,195 per ton in 2022, increasing by 12% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for footwear; parts, outer soles and heels, of rubber or plasticses increased by +117.5% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 68% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Portugal ($14,195 per ton) and China ($14,195 per ton), while the price for France ($14,193 per ton) and Belgium ($14,194 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Australia (FOB) - 2022

In 2022, the average export price for footwear; parts, outer soles and heels, of rubber or plasticses amounted to $12,068 per ton, growing by 11% against the previous year. In general, the export price posted a prominent increase. The growth pace was the most rapid in 2015 an increase of 276%. As a result, the export price reached the peak level of $27,220 per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($12,096 per ton) and Singapore ($12,077 per ton), while the average price for exports to the UK ($12,066 per ton) and the Philippines ($12,067 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Australia

In 2022, imports of footwear; parts, outer soles and heels, of rubber or plasticses into Australia reached 260 tons, standing approx. at 2021 figures. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +5.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 88% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of footwear; parts, outer soles and heels, of rubber or plasticses expanded significantly to $3.7M in 2022. Overall, imports saw a resilient expansion. The growth pace was the most rapid in 2021 when imports increased by 84% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics to Australia in 2022:

1. Morocco (109.1 tons)
2. China (60.8 tons)
3. Portugal (36.4 tons)
4. Thailand (24.6 tons)
5. Belgium (7.2 tons)
6. Italy (4.8 tons)
7. Spain (1.5 tons)

Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Australia

In 2022, exports of footwear; parts, outer soles and heels, of rubber or plasticses from Australia dropped to 94 tons, with a decrease of -7.1% against 2021 figures. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +5.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 92%. As a result, the exports attained the peak of 101 tons, and then fell in the following year.

In value terms, exports of footwear; parts, outer soles and heels, of rubber or plasticses rose slightly to $1.1M in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +8.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +89.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 83%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics from Australia in 2022:

1. Philippines (85.4 tons)
2. Fiji (3.9 tons)

Source: IndexBox Market Intelligence Platform