Natural latex in primary forms market in Oceania

Earlier Report Observations

The market for natural latex in primary forms in Oceania contracted from 6 728 t in 2018 to 5 818 t in 2023. Domestic production remained relatively stable, holding at 5 500 t from 2020 onward after a slight decrease from 5 700 t in the preceding two years.

The decline in market size was primarily driven by a substantial reduction in imports, which fell from 1 236 t in 2018 to 406 t in 2023. Exports also varied during the period, peaking at 327 t in 2019 before dropping to 88 t in 2023.

Production natural latex in primary forms in Oceania

In kind, 2017-2020, t

Top producers of natural latex in primary forms, 2017-2020

World map of production of natural latex in primary forms, 2017-2020

In Oceania, production of natural latex in primary forms reached 5 500 tonnes in 2020, marking a 3.5% decrease from 2019. Over the period from 2017 to 2020, overall production declined by 3.5%, with a compound annual growth rate of 1.2%. The most significant change occurred in 2018, when production remained stable with no increase.

Annual dynamics of production in Oceania in kind, 2017-2020, t

Exports natural latex in primary forms from Oceania

Exports in kind, t

Following two consecutive years of growth, exports of natural latex in primary forms from Oceania experienced a decline. In 2020, exports dropped to 136 tonnes, representing a sharp decrease of 58.6% compared to 2019. From 2017 to 2020, exports fell by 33%, translating to an annualized decline of 12.5%. The peak export volume was recorded in 2019 at 327 tonnes, which also saw the largest increase of 57.0% during this period.

Annual dynamics of product's exports from Oceania in kind, 2017-2020, t

Between 2017 and 2020, Malaysia was the leading buyer of natural latex in primary forms from Oceania, accounting for 49.2% of exports in kind. It was followed by Asia, not elsewhere specified, with 8.7%, and China, with 7.9%. Together, these three destinations made up 65.8% of total exports in kind.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Oceania in kind, 2017-2020

Exports in value, K $ US

The export market for natural latex in primary forms from Oceania showed considerable volatility during these years. The lowest export value was recorded in 2017, while the highest was in 2019, with a 2.6-fold difference between these two years. In 2020, export value stood at 484 thousand US dollars, indicating a sharp drop of 36.7% from the previous year. The peak value was 764 thousand US dollars in 2019, and the largest increase occurred in 2018, at 101.8%.

Annual dynamics of product's exports from Oceania in value, 2017-2020, K $ US

From 2017 to 2020, Malaysia led as the top destination for exports in value terms, representing 24.0% of the total. China followed with 21.7%, and Asia, not elsewhere specified, accounted for 12.6%. Combined, these three markets contributed 58.2% of total export flows in value terms.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Oceania in value, 2017-2020

Imports natural latex in primary forms to Oceania

Imports in kind, t

Imports of natural latex in primary forms into Oceania displayed an unstable trend over this timeframe. The highest import volume was recorded in 2018 at 1 236 tonnes, while the lowest was in 2020, resulting in a 2.5-fold difference between these years. In 2020, imports fell to 496 tonnes, equivalent to a reduction of 59.2% compared to 2019. The largest increase occurred in 2018, at 70.7%.

Annual dynamics of product's imports to Oceania in kind, 2017-2020, t

During 2017–2020, Indonesia was the primary source for imports in kind, making up 24.8% of the total. Malaysia accounted for 18.2%, and the United States contributed 18.1%. Together, these three countries represented 61.1% of total imports in kind for natural latex in primary forms to Oceania.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Oceania in kind, 2017-2020

Imports in value, K $ US

After two years of growth, imports of natural latex in primary forms into Oceania declined. In 2020, imports reached 1 708 thousand US dollars, showing an abrupt drop of 47.6% from the previous year. From 2017 to 2020, imports decreased by 19%, which equates to an annualized rate of 6.8%. The maximum value was recorded in 2019 at 3 262 thousand US dollars, and the largest increase occurred in 2018, at 27.6%.

Annual dynamics of product's imports to Oceania in value, 2017-2020, K $ US

In the period 2017–2020, Sri Lanka was the leading market for imports in value terms, accounting for 28.7% of the total. The United States followed with 19.5%, and Malaysia contributed 15.4%. These three markets together formed 63.6% of total import flows in value terms.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Oceania in value, 2017-2020