Middle East: Market for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber 2022

Market Size for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber in the Middle East

For the fourth year in a row, the Middle Eastern solid vulcanised rubber sheet market recorded decline in sales value, which decreased by -1.2% to $X in 2021. Overall, consumption saw a perceptible descent. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber in the Middle East

In value terms, solid vulcanised rubber sheet production reached $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a drastic downturn. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Exports in the Middle East

Solid vulcanised rubber sheet exports skyrocketed to X tons in 2021, surging by 38% on 2020. Overall, exports continue to indicate a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, solid vulcanised rubber sheet exports surged to $X in 2021. In general, exports showed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey represented the major exporting country with an export of about X tons, which resulted at 73% of total exports. It was distantly followed by the United Arab Emirates (X tons), achieving a 19% share of total exports. The following exporters - Israel (X tons) and Saudi Arabia (X tons) - each accounted for a 6.1% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to solid vulcanised rubber sheet exports from Turkey stood at +13.7%. At the same time, Saudi Arabia (+23.5%), Israel (+11.4%) and the United Arab Emirates (+10.2%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +23.5% from 2012-2021. From 2012 to 2021, the share of Turkey and Saudi Arabia increased by +4.5 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest solid vulcanised rubber sheet supplier in the Middle East, comprising 60% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 28% share of total exports. It was followed by Israel, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value in Turkey amounted to +10.1%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+15.2% per year) and Israel (+6.1% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, falling by -6% against the previous year. Overall, the export price showed a mild slump. The most prominent rate of growth was recorded in 2019 an increase of 9.3%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Israel ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.5%), while the other leaders experienced a decline in the export price figures.

Imports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Imports in the Middle East

Solid vulcanised rubber sheet imports shrank slightly to X tons in 2021, which is down by -4.8% against the previous year's figure. In general, imports showed a pronounced downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 13% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, solid vulcanised rubber sheet imports stood at $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 13%. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons), Israel (X tons), Turkey (X tons), Saudi Arabia (X tons) and Qatar (X tons) was the main importer of plates, sheets, strips for floor covering of solid vulcanised rubber in the Middle East, creating 84% of total import. Kuwait (X tons), Iraq (X tons) and Jordan (X tons) held a minor share of total imports.

From 2012 to 2021, the biggest increases were in Iraq (with a CAGR of +8.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Israel ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 67% of total imports. Saudi Arabia, Qatar, Kuwait, Iraq and Jordan lagged somewhat behind, together comprising a further 26%.

Among the main importing countries, Iraq, with a CAGR of +8.0%, saw the highest rates of growth with regard to the value of imports, 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, growing by 5.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2014 when the import price increased by 8.1%. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates ($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 (+7.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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