Saudi Arabia: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Saudi Arabia

In 2021, the Saudi vulcanised rubber erases market decreased by -48.3% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption recorded a sharp contraction. Vulcanised rubber erases consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Vulcanised Rubber Erases Production in Saudi Arabia

In value terms, vulcanised rubber erases production contracted modestly to $X in 2021 estimated in export price. In general, the total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +15.4% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 62% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Vulcanised Rubber Erases Exports

Exports from Saudi Arabia

In 2021, shipments abroad of erasers of vulcanised rubber increased by 168% to X tons, rising for the third year in a row after two years of decline. In general, exports showed a resilient expansion. The growth pace was the most rapid in 2015 when exports increased by 2,832% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, vulcanised rubber erases exports skyrocketed to $X in 2021. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 3,882%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bahrain (X kg), the United Arab Emirates (X kg) and Iraq (X kg) were the main destinations of vulcanised rubber erases exports from Saudi Arabia, with a combined 94% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bahrain (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for erasers of vulcanised rubber exports from Saudi Arabia, comprising 42% of total exports. The second position in the ranking was held by Bahrain ($X), with a 2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (0.0% per year) and Iraq (0.0% per year).

Export Prices by Country

The average vulcanised rubber erases export price stood at $X per ton in 2021, picking up by 44% against the previous year. Over the period under review, the export price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2016 an increase of 143% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+27.0%), while the prices for the other major destinations experienced mixed trend patterns.

Vulcanised Rubber Erases Imports

Imports into Saudi Arabia

In 2014, imports of erasers of vulcanised rubber into Saudi Arabia was estimated at X tons, approximately mirroring the previous year's figure. Over the period under review, imports, however, recorded a sharp setback. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2014, imports stood at a somewhat lower figure.

In value terms, vulcanised rubber erases imports fell to $X in 2014. Overall, imports, however, showed a precipitous slump. Imports peaked at $X in 2012; however, from 2013 to 2014, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), India (X tons) and Germany (X tons) were the main suppliers of vulcanised rubber erases imports to Saudi Arabia, together comprising 50% of total imports. Moreover, vulcanised rubber erases imports in China exceeded the figures recorded by the second-largest supplier, India, more than tenfold.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of 0.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Africa ($X) and the UK ($X) appeared to be the largest vulcanised rubber erases suppliers to Saudi Arabia, together accounting for 50% of total imports. Germany, South Korea and India lagged somewhat behind, together comprising a further 50%.

India, with a CAGR of 0.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average vulcanised rubber erases import price amounted to less than $X per ton, flattening at the previous year. Over the period under review, the import price continues to indicate a measured increase. The pace of growth was the most pronounced in 2013 an increase of 17% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for India ($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 UK (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :