Australia and Oceania: Market for Isoprene Rubber (IR) in Primary Forms 2024

Market Size for Isoprene Rubber (IR) in Primary Forms in Australia and Oceania

The market for isoprene rubber (IR) in primary forms in Australia and Oceania declined rapidly to $X in 2023, waning by X% against the previous year. Overall, consumption recorded a deep slump. As a result, consumption reached the peak level of $X. From 2014 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Isoprene Rubber (IR) in Primary Forms in Australia and Oceania

In value terms, production of isoprene rubber (IR) in primary forms expanded sharply to $X in 2023 estimated in export price. The total production indicated a measured expansion from 2012 to 2023: its value 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, production decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Exports of Isoprene Rubber (IR) in Primary Forms

Exports in Australia and Oceania

In 2023, the amount of isoprene rubber (IR) in primary forms exported in Australia and Oceania rose modestly to X tons, increasing by X% against 2022 figures. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of isoprene rubber (IR) in primary forms rose remarkably to $X in 2023. Over the period under review, exports enjoyed a noticeable expansion. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Papua New Guinea prevails in forms structure, reaching X tons, which was near X% of total exports in 2023. Australia (X tons) took a relatively small share of total exports.

Papua New Guinea experienced a relatively flat trend pattern with regard to volume of exports of isoprene rubber (IR) in primary forms. Australia (X%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Papua New Guinea ($X) remains the largest isoprene rubber (IR) in primary form supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports.

In Papua New Guinea, exports of isoprene rubber (IR) in primary forms expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2023, picking up by X% against the previous year. In general, the export price saw buoyant growth. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2023, the export prices stood at a somewhat 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 Papua New Guinea totaled $X per ton.

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

Imports of Isoprene Rubber (IR) in Primary Forms

Imports in Australia and Oceania

Imports of isoprene rubber (IR) in primary forms shrank sharply to X tons in 2023, reducing by X% against the previous year's figure. Over the period under review, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2023, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of isoprene rubber (IR) in primary forms declined markedly to $X in 2023. In general, imports saw a abrupt decrease. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports of failed to regain momentum.

Imports by Country

Australia represented the largest importer of isoprene rubber (IR) in primary forms in Australia and Oceania, with the volume of imports finishing at X tons, which was near X% of total imports in 2023. It was distantly followed by New Zealand (X tons), committing a X% share of total imports.

Australia was also the fastest-growing in terms of the isoprene rubber (IR) in primary forms imports, with a CAGR of X% from 2012 to 2023. New Zealand (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Australia increased by X percentage points.

In value terms, the largest isoprene rubber (IR) in primary form importing markets in Australia and Oceania were Australia ($X) and New Zealand ($X).

Australia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review.

Import Prices by Country

In 2023, the import price in Australia and Oceania amounted to $X per ton, waning by X% against the previous year. In general, the import price recorded a mild curtailment. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The level of import peaked at $X per ton in 2022, and then reduced markedly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

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

Source: IndexBox Platform