MENA: Prepared Rubber Accelerators Market 2024

Prepared Rubber Accelerators Market Size in MENA

The MENA's prepared rubber accelerators market amounted to $X in 2021, surging by 13% against the previous year. Overall, consumption recorded buoyant growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Prepared Rubber Accelerators Production in MENA

In value terms, prepared rubber accelerators production expanded notably to $X in 2021 estimated in export price. Over the period under review, production enjoyed a resilient expansion. The growth pace was the most rapid in 2019 when the production volume increased by 39%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Prepared Rubber Accelerators Exports

Exports in MENA

In 2021, shipments abroad of prepared rubber accelerators decreased by -25.1% to X tons, falling for the second consecutive year after three years of growth. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 179% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, prepared rubber accelerators exports plummeted to $X in 2021. Overall, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2017 with an increase of 194%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey (X tons) and Saudi Arabia (X tons) represented roughly 76% of total exports in 2021. It was distantly followed by Bahrain (X tons), creating a 16% share of total exports. The United Arab Emirates (X tons) and Egypt (X tons) held a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Bahrain (with a CAGR of +50.7%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest prepared rubber accelerators supplier in MENA, comprising 64% of total exports. The second position in the ranking was taken by Bahrain ($X), with a 15% share of total exports. It was followed by Saudi Arabia, with a 14% share.

From 2012 to 2021, the average annual growth rate of value in Turkey amounted to +32.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Bahrain (+48.4% per year) and Saudi Arabia (+15.3% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, picking up by 5.6% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 68%. Over the period under review, the export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

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 Turkey ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+2.1%), while the other leaders experienced a decline in the export price figures.

Prepared Rubber Accelerators Imports

Imports in MENA

After two years of decline, overseas purchases of prepared rubber accelerators increased by 16% to X tons in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 32% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, prepared rubber accelerators imports surged to $X in 2021. Total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 43%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X tons) was the major importer of prepared rubber accelerators, creating 42% of total imports. Saudi Arabia (X tons) held the second position in the ranking, distantly followed by Iran (X tons), the United Arab Emirates (X tons) and Egypt (X tons). All these countries together held near 49% share of total imports. The following importers - Morocco (X tons) and Algeria (X tons) - each recorded a 5.6% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Morocco (with a CAGR of +28.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Saudi Arabia ($X) and Iran ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 81% share of total imports.

Saudi Arabia, with a CAGR of +27.5%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per ton in 2021, surging by 20% against the previous year. In general, the import price saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2018; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per ton), while Morocco ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform