Middle East: Prepared Rubber Accelerators Market 2024

Prepared Rubber Accelerators Market Size in the Middle East

The Middle Eastern prepared rubber accelerators market rose rapidly to $X in 2021, picking up by 13% against the previous year. Over the period under review, consumption posted a strong expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Prepared Rubber Accelerators Production in the Middle East

In value terms, prepared rubber accelerators production expanded notably to $X in 2021 estimated in export price. Over the period under review, production posted a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of 39% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Prepared Rubber Accelerators Exports

Exports in the Middle East

In 2021, shipments abroad of prepared rubber accelerators decreased by -25.8% to X tons, falling for the second consecutive year after three years of growth. Overall, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 180%. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, prepared rubber accelerators exports contracted markedly to $X in 2021. In general, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 195%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Turkey (X tons) and Saudi Arabia (X tons) represented the major exporters of prepared rubber accelerators in the Middle East, together comprising 78% of total exports. It was distantly followed by Bahrain (X tons), making up a 16% share of total exports. The United Arab Emirates (X tons) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main 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 ($X) remains the largest prepared rubber accelerators supplier in the Middle East, comprising 66% of total exports. The second position in the ranking was taken by Bahrain ($X), with a 15% share of total exports. It was followed by Saudi Arabia, with a 14% share.

In Turkey, prepared rubber accelerators exports expanded at an average annual rate of +32.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Bahrain (+48.4% per year) and Saudi Arabia (+15.3% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, increasing by 5.9% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 69%. The level of export peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a 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 the United Arab Emirates (-0.8%), while the other leaders experienced a decline in the export price figures.

Prepared Rubber Accelerators Imports

Imports in the Middle East

In 2021, supplies from abroad of prepared rubber accelerators was finally on the rise to reach X tons after two years of decline. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -19.7% against 2018 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 27% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, prepared rubber accelerators imports soared to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 41% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Turkey was the major importer of prepared rubber accelerators in the Middle East, with the volume of imports finishing at X tons, which was approx. 48% of total imports in 2021. Saudi Arabia (X tons) held the second position in the ranking, distantly followed by Iran (X tons) and the United Arab Emirates (X tons). All these countries together took near 49% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +23.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared rubber accelerators importing markets in the Middle East were Turkey ($X), Saudi Arabia ($X) and Iran ($X), with a combined 92% share of total imports.

Saudi Arabia, with a CAGR of +27.5%, recorded the highest growth rate of 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

In 2021, the import price in the Middle East amounted to $X per ton, surging by 19% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Turkey ($X per ton) and Saudi Arabia ($X per ton), while the United Arab Emirates ($X per ton) and Iran ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+3.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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