Middle East: Rubber Synchronous Belts Market 2020

Rubber Synchronous Belts Market Size in Middle East

The revenue of the rubber synchronous belts market in Middle East amounted to $X in 2017, therefore, remained relatively stable against the previous year. The rubber synchronous belts consumption continues to indicate a noticeable deduction. The growth pace was the most rapid in 2010, when it surged by X% against the previous year. In that year, the rubber synchronous belts market attained their peak level of $X. From 2011 to 2017, growth of the rubber synchronous belts market stood at a somewhat lower level.

Rubber Synchronous Belts Production in Middle East

In 2017, approx. X tons of rubber synchronous belts were produced in Middle East; therefore, remained relatively stable against the previous year. The rubber synchronous belts production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, when it surged by X% y-o-y. The volume of rubber synchronous belts production peaked in 2017, and is expected to retain its growth in the near future.

Rubber Synchronous Belts Exports in Middle East

In 2017, exports of rubber synchronous belts in Middle East amounted to X tons, picking up by X% against the previous year. The rubber synchronous belts exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2014, when exports increased by X% against the previous year. Over the period under review, the rubber synchronous belts exports reached its peak figure volume in 2017, and are expected to retain its growth in the near future.

In value terms, rubber synchronous belts exports stood at $X in 2017. The total exports indicated a notable expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the rubber synchronous belts exports increased by +X% against 2013 indices. The level of exports peaked in 2017, and are expected to retain its growth in the near future.

Rubber Synchronous Belts Exports by Country in Middle East

Turkey represented the main exporter of rubber synchronous belts in Middle East, with the volume of exports recording X tons, which was near X% of total exports in 2017. It was distantly followed by the United Arab Emirates (X tons), creating X% share of total exports. The following exporters - Saudi Arabia (X tons) and Jordan (X tons) together made up X% of total exports.

From 2007 to 2017, average annual rates of growth with regard to rubber synchronous belts exports from Turkey stood at +X%. At the same time, Saudi Arabia (+X%) and the United Arab Emirates (+X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest growing exporter in Middle East, with a CAGR of +X% from 2007-2017. By contrast, Jordan (-X%) illustrated a downward trend over the same period. Jordan (X%) significantly strengthened its position in terms of the global exports, while Saudi Arabia, the United Arab Emirates and Turkey saw its share reduced by -X%, -X% and -X% from 2007 to 2017, respectively.

In value terms, Turkey ($X) remains the largest rubber synchronous belts supplier in Middle East, making up X% of global exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of global exports. It was followed by Saudi Arabia, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Turkey stood at +X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+X% per year) and Saudi Arabia (+X% per year).

Rubber Synchronous Belts Export Prices by Country in Middle East

In 2017, the rubber synchronous belts export price in Middle East amounted to $X per kg, waning by -X% against the previous year. The rubber synchronous belts export price continues to indicate a significant downturn. The growth pace was the most rapid in 2010, an increase of X% against the previous year. In that year, the export prices for rubber synchronous belts reached their peak level of $X per kg. From 2011 to 2017, growth of the export prices for rubber synchronous belts failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Saudi Arabia ($X per kg), while the United Arab Emirates ($X per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the United Arab Emirates (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Rubber Synchronous Belts Imports in Middle East

In 2017, approx. X tons of rubber synchronous belts were imported in Middle East; going up by X% against the previous year. The total imports indicated a strong increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2009, when it surged by X% y-o-y. Over the period under review, the rubber synchronous belts imports reached its peak figure volume of X tons in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

In value terms, rubber synchronous belts imports totaled $X in 2017. The total imports indicated a prominent expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the rubber synchronous belts imports increased by +X% against 2015 indices. Over the period under review, the rubber synchronous belts imports reached its maximum level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Rubber Synchronous Belts Imports by Country in Middle East

Turkey was the major importing country with an import of about X tons, which accounted for X% of total imports. Iran (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by the United Arab Emirates (X%), Saudi Arabia (X%), Israel (X%) and Oman (X%). Kuwait (X tons) took the slight share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the United Arab Emirates (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported rubber synchronous belts in Middle East, making up X% of global imports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of global imports. It was followed by Iran, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Turkey totaled +X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+X% per year) and Iran (+X% per year).

Rubber Synchronous Belts Import Prices by Country in Middle East

The rubber synchronous belts import price in Middle East stood at $X per kg in 2017, coming down by -X% against the previous year. The rubber synchronous belts import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011, when it surged by X% y-o-y. In that year, the import prices for rubber synchronous belts attained their peak level of $X per kg. From 2012 to 2017, growth of the import prices for rubber synchronous belts failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Oman ($X per kg), while Iran ($X per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Iran (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform