Middle East: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in the Middle East

In 2021, the Middle Eastern vulcanised rubber erases market decreased by -27.5% to $X, falling for the third year in a row after three years of growth. Overall, consumption saw a deep downturn. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Vulcanised Rubber Erases Production in the Middle East

In value terms, vulcanised rubber erases production contracted modestly to $X in 2021 estimated in export price. The total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +15.4% against 2018 indices. The growth pace was the most rapid in 2016 with an increase of 62% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Vulcanised Rubber Erases Exports

Exports in the Middle East

After two years of decline, overseas shipments of erasers of vulcanised rubber increased by 26% to X tons in 2021. In general, exports, however, continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 54%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, vulcanised rubber erases exports rose remarkably to $X in 2021. Over the period under review, exports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 69% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons) and the United Arab Emirates (X tons) prevails in exports structure, together creating 91% of total exports. It was distantly followed by Lebanon (X tons), committing a 4.6% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Lebanon (with a CAGR of +59.8%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest vulcanised rubber erases supplying countries in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Lebanon ($X), with a combined 94% share of total exports.

In terms of the main exporting countries, Lebanon, with a CAGR of +43.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, dropping by -9.5% against the previous year. In general, the export price showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 when the export price increased by 65% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-1.4%), while the other leaders experienced a decline in the export price figures.

Vulcanised Rubber Erases Imports

Imports in the Middle East

In 2021, supplies from abroad of erasers of vulcanised rubber decreased by -27.6% to X tons, falling for the third year in a row after three years of growth. Over the period under review, imports recorded a abrupt slump. The growth pace was the most rapid in 2017 with an increase of 16% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, vulcanised rubber erases imports shrank markedly to $X in 2021. In general, imports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 20%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons), distantly followed by Iraq (X tons), Yemen (X tons), Turkey (X tons) and Israel (X tons) were the major importers of erasers of vulcanised rubber, together making up 84% of total imports. The following importers - Syrian Arab Republic (X tons) and Lebanon (X tons) - each resulted at a 7.9% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Israel (with a CAGR of +4.4%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the United Arab Emirates ($X), Iraq ($X) and Yemen ($X) were the countries with the highest levels of imports in 2021, with a combined 68% share of total imports. Turkey, Israel, Syrian Arab Republic and Lebanon lagged somewhat behind, together comprising a further 23%.

Israel, with a CAGR of +5.6%, saw 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 the Middle East stood at $X per ton in 2021, increasing by 7.6% against the previous year. Over the last nine years, it increased at an average annual rate of +4.2%. The most prominent rate of growth was recorded in 2014 an increase of 19%. The level of import peaked in 2021 and is expected to retain 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 Israel ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (+7.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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