Saudi Arabia: Market for Rubber-to-Metal and Moulded Articles 2024

Market Size for Rubber-to-Metal and Moulded Articles in Saudi Arabia

In 2021, the Saudi rubber-to-metal and moulded article market increased by 43% to $X, rising for the third year in a row after four years of decline. Overall, consumption recorded buoyant growth. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in the near future.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Saudi Arabia

In 2021, approx. X tons of rubber-to-metal and moulded articles were exported from Saudi Arabia; growing by 93% against the previous year. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2018 with an increase of 512% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, rubber-to-metal and moulded article exports surged to $X in 2021. Over the period under review, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 579% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Kuwait (X tons), Jordan (X tons) and Oman (X tons) were the main destinations of rubber-to-metal and moulded article exports from Saudi Arabia, together accounting for 79% of total exports. Egypt, the United Arab Emirates and Turkey lagged somewhat behind, together comprising a further 10%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +163.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for rubber-to-metal and moulded article exported from Saudi Arabia were Kuwait ($X), Jordan ($X) and Egypt ($X), together comprising 73% of total exports.

Egypt, with a CAGR of +133.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average rubber-to-metal and moulded article export price amounted to $X per ton, falling by -15.2% against the previous year. In general, the export price showed a noticeable downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by 34% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Oman ($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 Jordan (+5.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Rubber-to-Metal and Moulded Articles

Imports into Saudi Arabia

In 2021, overseas purchases of rubber-to-metal and moulded articles increased by 42% to X tons, rising for the third year in a row after three years of decline. Overall, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2019 when imports increased by 48%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, rubber-to-metal and moulded article imports soared to $X in 2021. Over the period under review, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 63% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Germany (X tons) and Japan (X tons) were the main suppliers of rubber-to-metal and moulded article imports to Saudi Arabia, with a combined 51% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +22.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest rubber-to-metal and moulded article suppliers to Saudi Arabia were Japan ($X), Thailand ($X) and the United States ($X), together comprising 43% of total imports.

Thailand, with a CAGR of +37.2%, saw the highest rates of growth with regard to 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 rubber-to-metal and moulded article import price amounted to $X per ton, surging by 2.2% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, rubber-to-metal and moulded article import price increased by +57.5% against 2015 indices. The growth pace was the most rapid in 2018 when the average import price increased by 27% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :