Saudi Arabia: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in Saudi Arabia

The Saudi reclaimed rubber market rose slightly to $X in 2021, with an increase of 3.7% against the previous year. Over the period under review, consumption enjoyed temperate growth. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Reclaimed Rubber Production in Saudi Arabia

In value terms, reclaimed rubber production totaled $X in 2021 estimated in export price. Overall, the total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -1.1% against 2019 indices. The growth pace was the most rapid in 2019 when the production volume increased by 91% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Reclaimed Rubber Exports

Exports from Saudi Arabia

Reclaimed rubber exports from Saudi Arabia skyrocketed to X tons in 2021, with an increase of 25% compared with 2020. Over the period under review, exports enjoyed a modest increase. The pace of growth appeared the most rapid in 2019 with an increase of 85% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, reclaimed rubber exports soared to $X in 2021. In general, exports, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 52%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil (X tons) was the main destination for reclaimed rubber exports from Saudi Arabia, with a 66% share of total exports. Moreover, reclaimed rubber exports to Brazil exceeded the volume sent to the second major destination, South Africa (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brazil stood at +11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+258.8% per year) and Ecuador (+597.7% per year).

In value terms, Brazil ($X) remains the key foreign market for reclaimed rubber exports from Saudi Arabia, comprising 66% of total exports. The second position in the ranking was taken by South Africa ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Brazil totaled +6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+329.9% per year) and Ecuador (+1,178.9% per year).

Export Prices by Country

In 2021, the average reclaimed rubber export price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the export price continues to indicate a pronounced reduction. The pace of growth was the most pronounced in 2020 when the average export price increased by 163%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to South Africa ($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 Ecuador (+83.2%), while the prices for the other major destinations experienced mixed trend patterns.

Reclaimed Rubber Imports

Imports into Saudi Arabia

For the third consecutive year, Saudi Arabia recorded growth in purchases abroad of reclaimed rubber, which increased by 7.7% to X tons in 2014. In general, total imports indicated a significant increase from 2012 to 2014: its volume increased at an average annual rate of +21.5% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2014 figures, imports increased by +47.7% against 2012 indices. The pace of growth was the most pronounced in 2013 with an increase of 37% against the previous year. Over the period under review, imports reached the peak figure in 2014 and are likely to see gradual growth in the near future.

In value terms, reclaimed rubber imports reduced to $X in 2014. Overall, imports enjoyed significant growth. The pace of growth was the most pronounced in 2013 when imports increased by 104%. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

India (X tons) and China (X tons) were the main suppliers of reclaimed rubber imports to Saudi Arabia.

From 2012 to 2014, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +46.3%).

In value terms, the largest reclaimed rubber suppliers to Saudi Arabia were India ($X) and China ($X).

China, with a CAGR of +36.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

In 2014, the average reclaimed rubber import price amounted to $X per ton, reducing by -14.5% against the previous year. In general, import price indicated buoyant growth from 2012 to 2014: its price increased at an average annual rate of +12.7% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2014 figures, reclaimed rubber import price increased by +27.1% against 2012 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 49% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2014, amid the top importers, the country with the highest price was China ($X per ton), while the price for India stood at $X per ton.

From 2012 to 2014, the most notable rate of growth in terms of prices was attained by India (+8.3%).

Source: IndexBox Platform

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