Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Australia - 2024
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Australia (CIF) - 2022
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Australia (FOB) - 2022
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Australia
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Australia
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Australia (CIF) - 2022
The average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals stood at $3,204 per ton in 2022, waning by -2.4% against the previous year. In general, the import price saw a pronounced reduction. The pace of growth was the most pronounced in 2013 when the average import price increased by 13% against the previous year. Over the period under review, average import prices reached the maximum at $5,041 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($3,907 per ton), while the price for South Africa ($1,540 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+0.8%), while the prices for the other major suppliers experienced a decline.
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Australia (FOB) - 2022
The average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals stood at $4,304 per ton in 2022, surging by 53% against the previous year. Over the period under review, the export price, however, saw a noticeable slump. The growth pace was the most rapid in 2016 an increase of 81%. Over the period under review, the average export prices reached the peak figure at $5,765 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($7,987 per ton), while the average price for exports to Japan ($282 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 Canada (+23.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Australia
In 2022, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals into Australia soared to 15K tons, growing by 38% against 2021. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +27.1% 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 +105.4% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 66% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the near future.
In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals soared to $48M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +24.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +91.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 60% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 21.4 | 26.8 | 27.7 | 41.4 | 24.6% |
| Thailand | 1.2 | 6.4 | 5.6 | 3.8 | 46.8% |
| Japan | 2.2 | 3.7 | 1.3 | 1.6 | -10.1% |
| South Africa | N/A | 0.1 | N/A | 0.7 | 164.6% |
| Others | 0.5 | 3.4 | 1.1 | 0.9 | 21.6% |
| Total | 25.3 | 40.4 | 35.8 | 48.3 | 24.1% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal to Australia in 2022:
- China (12.9K tons)
- Thailand (1.3K tons)
- South Africa (0.5K tons)
- Japan (0.4K tons)
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Australia
For the third year in a row, Australia recorded decline in shipments abroad of rubber; vulcanised, conveyor belts or belting, reinforced only with metals, which decreased by -25.8% to 3.7K tons in 2022. Overall, exports showed a precipitous setback. The smallest decline of -7.7% was in 2021.
In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals expanded sharply to $16M in 2022. In general, exports continue to indicate a abrupt downturn.
| Export of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 3.6 | 9.6 | 4.8 | 8.1 | 31.0% |
| United States | 12.8 | 2.6 | 3.9 | 3.3 | -36.4% |
| India | 1.1 | 0.4 | 1.2 | 2.0 | 22.1% |
| Papua New Guinea | 0.6 | 0.2 | 0.3 | 0.8 | 10.1% |
| Indonesia | 2.5 | N/A | N/A | 0.2 | -56.9% |
| New Caledonia | N/A | 1.5 | 1.3 | 0.2 | -63.5% |
| Vietnam | 0.2 | 0.5 | 0.2 | 0.1 | -20.6% |
| Japan | 0.2 | 0.1 | 0.2 | 0.1 | -20.6% |
| China | 0.2 | 0.2 | 0.5 | N/A | 58.1% |
| Malaysia | 3.4 | N/A | 0.2 | N/A | -75.7% |
| Others | 4.0 | 1.3 | 1.4 | 0.9 | -39.2% |
| Total | 28.6 | 16.4 | 13.9 | 15.8 | -17.9% |
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal from Australia in 2022:
- Brazil (1144.0 tons)
- India (899.0 tons)
- United States (812.7 tons)
- Japan (340.8 tons)
- Vietnam (170.8 tons)
- Papua New Guinea (117.9 tons)
- Indonesia (49.6 tons)
- New Caledonia (42.4 tons)
- China (2.0 tons)
- Malaysia (1.4 tons)
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