Australia and Oceania: Synthetic Latex Rubber Market 2024

Synthetic Latex Rubber Market Size in Australia and Oceania

In 2022, the synthetic latex rubber market in Australia and Oceania decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2021, and then reduced slightly in the following year.

Synthetic Latex Rubber Production in Australia and Oceania

In value terms, synthetic latex rubber production amounted to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Synthetic Latex Rubber Exports

Exports in Australia and Oceania

In 2022, shipments abroad of synthetic latex rubber decreased by X% to X tons, falling for the third year in a row after four years of growth. In general, exports recorded a deep setback. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, synthetic latex rubber exports shrank significantly to $X in 2022. Overall, exports showed a abrupt downturn. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X tons) represented roughly X% of total exports in 2022.

Australia was also the fastest-growing in terms of the synthetic latex rubber exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest synthetic latex rubber supplier in Australia and Oceania.

In Australia, synthetic latex rubber exports decreased by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, increasing by X% against the previous year. Overall, the export price posted a notable expansion. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to X% per year.

Synthetic Latex Rubber Imports

Imports in Australia and Oceania

In 2022, the amount of synthetic latex rubber imported in Australia and Oceania contracted to X tons, which is down by X% on 2021. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then contracted in the following year.

In value terms, synthetic latex rubber imports shrank to $X in 2022. Total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Australia (X tons) represented the largest importer of synthetic latex rubber, generating X% of total imports. It was distantly followed by New Zealand (X tons), generating a X% share of total imports.

Australia was also the fastest-growing in terms of the synthetic latex rubber imports, with a CAGR of X% from 2012 to 2022. New Zealand (X%) illustrated a downward trend over the same period. While the share of Australia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of New Zealand (X p.p.) displayed negative dynamics.

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

In Australia, synthetic latex rubber imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, recorded a pronounced slump. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Source: IndexBox Platform

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