Saudi Arabia: Prepared Rubber Accelerators Market 2024

Prepared Rubber Accelerators Market Size in Saudi Arabia

The Saudi prepared rubber accelerators market soared to $X in 2021, increasing by 21% against the previous year. Overall, consumption posted a prominent expansion. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the near future.

Prepared Rubber Accelerators Production in Saudi Arabia

In value terms, prepared rubber accelerators production reduced slightly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of 101%. Prepared rubber accelerators production peaked at $X in 2020, and then reduced in the following year.

Prepared Rubber Accelerators Exports

Exports from Saudi Arabia

In 2021, overseas shipments of prepared rubber accelerators decreased by -26.9% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports, however, recorded resilient growth. The pace of growth was the most pronounced in 2018 with an increase of 266% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, prepared rubber accelerators exports shrank rapidly to $X in 2021. Overall, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 140% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kuwait (X tons), Oman (X tons) and Egypt (X tons) were the main destinations of prepared rubber accelerators exports from Saudi Arabia, with a combined 69% share of total exports. These countries were followed by Sudan, Yemen, the United Arab Emirates and Jordan, which together accounted for a further 29%.

From 2012 to 2021, the biggest increases were recorded for Jordan (with a CAGR of +130.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X), Oman ($X) and Egypt ($X) constituted the largest markets for prepared rubber accelerators exported from Saudi Arabia worldwide, with a combined 68% share of total exports. Sudan, Jordan, Yemen and the United Arab Emirates lagged somewhat behind, together comprising a further 29%.

Jordan, with a CAGR of +125.4%, saw 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 prepared rubber accelerators export price amounted to $X per ton, growing by 2.5% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 55% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to Sudan ($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 the United Arab Emirates (+0.6%), while the prices for the other major destinations experienced a decline.

Prepared Rubber Accelerators Imports

Imports into Saudi Arabia

In 2021, after two years of decline, there was significant growth in overseas purchases of prepared rubber accelerators, when their volume increased by 131% to X tons. Overall, imports enjoyed significant growth. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, prepared rubber accelerators imports skyrocketed to $X in 2021. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Bahrain (X tons) constituted the largest supplier of prepared rubber accelerators to Saudi Arabia, accounting for a 85% share of total imports. Moreover, prepared rubber accelerators imports from Bahrain exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Bahrain stood at +76.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.4% per year) and the United States (+19.3% per year).

In value terms, Bahrain ($X) constituted the largest supplier of prepared rubber accelerators to Saudi Arabia, comprising 83% of total imports. The second position in the ranking was taken by China ($X), with a 6.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Bahrain amounted to +73.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.1% per year) and the United States (+10.8% per year).

Import Prices by Country

The average prepared rubber accelerators import price stood at $X per ton in 2021, growing by 37% against the previous year. In general, the import price posted a temperate increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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