Middle East: Non-Reinforced Rubber Tubing Market 2024

Non-Reinforced Rubber Tubing Market Size in the Middle East

In 2021, after four years of decline, there was significant growth in the Middle Eastern non-reinforced rubber tubing market, when its value increased by 30% to $X. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Non-Reinforced Rubber Tubing Production in the Middle East

In value terms, non-reinforced rubber tubing production soared to $X in 2021 estimated in export price. Over the period under review, production recorded a buoyant increase. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Non-Reinforced Rubber Tubing Exports

Exports in the Middle East

In 2021, overseas shipments of rubber tubing not reinforced increased by 3.4% to X tons for the first time since 2017, thus ending a three-year declining trend. Total exports indicated a buoyant expansion 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, exports decreased by -14.0% against 2017 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 34% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, non-reinforced rubber tubing exports skyrocketed to $X in 2021. Total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.2% 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 decreased by -19.6% against 2018 indices. The growth pace was the most rapid in 2014 when exports increased by 37%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey represented the largest exporter of rubber tubing not reinforced in the Middle East, with the volume of exports reaching X tons, which was near 72% of total exports in 2021. It was distantly followed by the United Arab Emirates (X tons) and Iran (X tons), together generating a 26% share of total exports.

Turkey was also the fastest-growing in terms of the rubber tubing not reinforced exports, with a CAGR of +12.2% from 2012 to 2021. At the same time, the United Arab Emirates (+1.8%) displayed positive paces of growth. By contrast, Iran (-3.9%) illustrated a downward trend over the same period. While the share of Turkey (+30 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United Arab Emirates (-7.6 p.p.) and Iran (-8.9 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest non-reinforced rubber tubing supplier in the Middle East, comprising 82% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Turkey stood at +14.2%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+4.3% per year) and Iran (-12.3% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, with an increase of 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2018 an increase of 20%. As a result, the export price reached the peak level of $X per ton. From 2019 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 ($X per ton), while Iran ($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 (+2.5%), while the other leaders experienced mixed trends in the export price figures.

Non-Reinforced Rubber Tubing Imports

Imports in the Middle East

In 2021, overseas purchases of rubber tubing not reinforced decreased by -45.3% to X tons, falling for the second consecutive year after three years of growth. In general, imports showed a perceptible downturn. The most prominent rate of growth was recorded in 2019 with an increase of 46%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, non-reinforced rubber tubing imports reduced sharply to $X in 2021. Overall, imports showed a pronounced reduction. The growth pace was the most rapid in 2018 with an increase of 22% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons), Oman (X tons), Qatar (X tons), Iraq (X tons), Iran (X tons), Turkey (X tons) and Israel (X tons) was the major importer of rubber tubing not reinforced in the Middle East, comprising 85% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Qatar (with a CAGR of +17.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Israel ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 57% of total imports. Iraq, Oman, Qatar and Iran lagged somewhat behind, together accounting for a further 31%.

In terms of the main importing countries, Iraq, with a CAGR of +13.4%, recorded the highest growth rate of 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

In 2021, the import price in the Middle East amounted to $X per ton, growing by 16% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2015 when the import price increased by 29%. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2021.

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 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 (+8.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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