Middle East: Vulcanised Rubber Mats Market 2024

Vulcanised Rubber Mats Market Size in the Middle East

In 2021, the Middle Eastern vulcanised rubber mats market decreased by -17.4% to $X, falling for the third consecutive year after seven years of growth. Over the period under review, 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 the Middle East

In value terms, vulcanised rubber mats production soared to $X in 2021 estimated in export price. Overall, production, however, recorded a strong increase. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Vulcanised Rubber Mats Exports

Exports in the Middle East

In 2021, the amount of floor coverings and mats of vulcanised rubber exported in the Middle East totaled X tons, with an increase of 15% against the previous year. In general, exports showed a strong increase. The growth pace was the most rapid in 2014 with an increase of 31%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, vulcanised rubber mats exports surged to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +83.1% against 2016 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 29%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

In 2021, Turkey (X tons) represented the key exporter of floor coverings and mats of vulcanised rubber, generating 74% of total exports. It was distantly followed by the United Arab Emirates (X tons), comprising a 20% share of total exports. The following exporters - Israel (X tons), Lebanon (X tons) and Iran (X tons) - each reached 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 the Middle East, with a CAGR of +109.4% from 2012-2021. While the share of Israel (+1.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest vulcanised rubber mats supplier in the Middle East, comprising 77% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 16% share of total exports. It was followed by Israel, with a 3.4% share.

From 2012 to 2021, the average annual growth rate 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

In 2021, the export price in the Middle East amounted to $X per ton, with an increase of 9.1% against the previous year. Overall, the export price, however, continues to indicate a mild decrease. 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 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 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 the Middle East

In 2021, approx. X tons of floor coverings and mats of vulcanised rubber were imported in the Middle East; increasing by 29% compared with 2020 figures. The total import volume increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, vulcanised rubber mats imports soared to $X in 2021. The total import value increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern remained relatively stable, with only minor 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

Saudi Arabia was the main importer of floor coverings and mats of vulcanised rubber in the Middle East, with the volume of imports accounting for X tons, which was approx. 40% of total imports in 2021. It was distantly followed by the United Arab Emirates (X tons), Israel (X tons), Qatar (X tons), Turkey (X tons), Kuwait (X tons) and Oman (X tons), together generating a 53% share of total imports. Iraq (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Oman (with a CAGR of +18.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported floor coverings and mats of vulcanised rubber in the Middle East, comprising 36% of total imports. The second position in the ranking was held by Turkey ($X), with a 17% share of total imports. It was followed by the United Arab Emirates, with a 16% 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 the Middle East amounted to $X per ton, dropping by -4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2020 when the import price increased by 17%. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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 Iraq (+11.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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