MENA: Vulcanised Rubber Mats Market 2024

Vulcanised Rubber Mats Market Size in MENA

In 2021, the MENA's vulcanised rubber mats market decreased by -17.4% to $X, falling for the third consecutive year after seven years of growth. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Vulcanised Rubber Mats Production in MENA

In value terms, vulcanised rubber mats production surged to $X in 2021 estimated in export price. Overall, production, however, posted a buoyant increase. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Vulcanised Rubber Mats Exports

Exports in MENA

In 2021, approx. X tons of floor coverings and mats of vulcanised rubber were exported in MENA; growing by 14% compared with 2020 figures. Over the period under review, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of 28%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, vulcanised rubber mats exports surged to $X in 2021. Total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +83.5% against 2016 indices. The growth pace was the most rapid in 2017 when exports increased by 29% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

Exports by Country

Turkey represented the largest exporting country with an export of about X tons, which amounted to 73% of total exports. It was distantly followed by the United Arab Emirates (X tons), generating a 20% share of total exports. The following exporters - Israel (X tons), Lebanon (X tons) and Iran (X tons) - each accounted for a 4.8% share of total exports.

Exports from Turkey increased at an average annual rate of +10.2% from 2012 to 2021. At the same time, Israel (+109.4%), Lebanon (+39.6%), Iran (+28.1%) and the United Arab Emirates (+10.7%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in MENA, with a CAGR of +109.4% from 2012-2021. Israel (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by -1.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest vulcanised rubber mats supplier in MENA, comprising 77% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 16% share of total exports. It was followed by Israel, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey stood at +7.5%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+14.6% per year) and Israel (+114.3% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, increasing by 9.3% against the previous year. Over the period under review, the export price, however, saw a slight downturn. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.6%), while the other leaders experienced mixed trends in the export price figures.

Vulcanised Rubber Mats Imports

Imports in MENA

In 2021, imports of floor coverings and mats of vulcanised rubber in MENA skyrocketed to X tons, increasing by 21% against 2020. Overall, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, vulcanised rubber mats imports stood at $X in 2021. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Saudi Arabia was the largest importing country with an import of around X tons, which recorded 35% of total imports. The United Arab Emirates (X tons) held the second position in the ranking, distantly followed by Israel (X tons), Qatar (X tons), Morocco (X tons), Turkey (X tons) and Kuwait (X tons). All these countries together held approx. 48% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Morocco (with a CAGR of +23.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported floor coverings and mats of vulcanised rubber in MENA, comprising 31% of total imports. The second position in the ranking was taken by Turkey ($X), with a 15% share of total imports. It was followed by the United Arab Emirates, with a 14% share.

In Saudi Arabia, vulcanised rubber mats imports expanded at an average annual rate of +14.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (-2.0% per year) and the United Arab Emirates (-0.5% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, reducing by -5.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2020 an increase of 15%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per ton), while Qatar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform