MENA: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2024

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in MENA

In 2021, the MENA's rubber tube and pipe market decreased by -11.2% to $X, falling for the second year in a row after two years of growth. The market value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Tubes, Pipes And Hoses Of Vulcanized Rubber in MENA

In value terms, rubber tube and pipe production reduced modestly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 64%. Over the period under review, production hit record highs at $X in 2020, and then fell modestly in the following year.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports in MENA

After two years of decline, shipments abroad of tubes, pipes and hoses of vulcanized rubber increased by 80% to X tons in 2021. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, rubber tube and pipe exports surged to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, recording X tons, which was approx. 94% of total exports in 2021. The United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to rubber tube and pipe exports from Turkey stood at +5.6%. At the same time, the United Arab Emirates (+5.8%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of +5.8% from 2012-2021. From 2012 to 2021, the share of Turkey increased by +1.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest rubber tube and pipe supplier in MENA, comprising 93% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 2.7% share of total exports.

In Turkey, rubber tube and pipe exports expanded at an average annual rate of +7.2% over the period from 2012-2021.

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, remaining constant against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2018 when the export price increased by 10%. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+1.6%).

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports in MENA

In 2021, the amount of tubes, pipes and hoses of vulcanized rubber imported in MENA expanded significantly to X tons, growing by 13% on the year before. In general, imports saw a modest expansion. The most prominent rate of growth was recorded in 2019 with an increase of 14%. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, rubber tube and pipe imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of rubber tube and pipe imports in 2021 were the United Arab Emirates (X tons), Turkey (X tons) and Saudi Arabia (X tons), together finishing at 55% of total import. Iran (X tons) took an 8.4% share (based on physical terms) of total imports, which put it in second place, followed by Iraq (6.6%). Algeria (X tons), Qatar (X tons), Morocco (X tons), Oman (X tons), Kuwait (X tons), Egypt (X tons), Israel (X tons) and Jordan (X tons) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Iraq (with a CAGR of +11.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest rubber tube and pipe importing markets in MENA were Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), together accounting for 58% of total imports. Egypt, Israel, Algeria, Morocco, Iraq, Iran, Oman, Qatar, Kuwait and Jordan lagged somewhat behind, together comprising a further 36%.

Iraq, with a CAGR of +13.1%, saw the highest growth rate of the value of imports, in terms of 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, with an increase of 6.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2020 an increase of 8.8%. Over the period under review, import prices attained the peak figure in 2021 and is likely to continue growth in the immediate term.

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 Egypt ($X per ton), while Iran ($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 (+14.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform