Saudi Arabia: Unvulcanised Rubber Market 2024

Unvulcanised Rubber Market Size in Saudi Arabia

The Saudi unvulcanised rubber market fell to $X in 2021, shrinking by -9.7% against the previous year. Over the period under review, consumption recorded a prominent expansion. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Unvulcanised Rubber Production in Saudi Arabia

In value terms, unvulcanised rubber production shrank to $X in 2021 estimated in export price. Over the period under review, production enjoyed a resilient expansion. The growth pace was the most rapid in 2017 when the production volume increased by 114% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Unvulcanised Rubber Exports

Exports from Saudi Arabia

In 2021, overseas shipments of unvulcanised rubber decreased by -29% to X tons, falling for the second consecutive year after three years of growth. Overall, exports, however, saw tangible growth. The pace of growth was the most pronounced in 2018 with an increase of 291% 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, unvulcanised rubber exports fell remarkably to $X in 2021. In general, exports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of 365%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Senegal (X tons) was the main destination for unvulcanised rubber exports from Saudi Arabia, with a 54% share of total exports. Moreover, unvulcanised rubber exports to Senegal exceeded the volume sent to the second major destination, Morocco (X tons), fourfold. The third position in this ranking was held by Guinea (X tons), with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Senegal amounted to +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (-6.4% per year) and Guinea (0.0% per year).

In value terms, Egypt ($X), Malaysia ($X) and Senegal ($X) constituted the largest markets for unvulcanised rubber exported from Saudi Arabia worldwide, together comprising 89% of total exports.

Egypt, with a CAGR of +107.5%, saw the highest growth rate of the value of exports, among 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 unvulcanised rubber export price amounted to $X per ton, reducing by -12.6% against the previous year. Overall, the export price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 116% against the previous year. The export price peaked at $X per ton in 2020, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Ghana ($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 Malaysia (+29.0%), while the prices for the other major destinations experienced mixed trend patterns.

Unvulcanised Rubber Imports

Imports into Saudi Arabia

In 2021, the amount of unvulcanised rubber imported into Saudi Arabia totaled X tons, stabilizing at the previous year. In general, imports saw a precipitous shrinkage. The smallest decline of -52.1% was in 2013. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, unvulcanised rubber imports totaled $X in 2021. Overall, imports saw a sharp decline. The smallest decline of -55.8% was in 2013. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest unvulcanised rubber supplier to Saudi Arabia, accounting for a 61% share of total imports. Moreover, unvulcanised rubber imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates stood at -28.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.6% per year) and Germany (0.0% per year).

In value terms, the largest unvulcanised rubber suppliers to Saudi Arabia were the United States ($X), the United Arab Emirates ($X) and Germany ($X), with a combined 86% share of total imports.

Among the main suppliers, the United States, with a CAGR of +5.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average unvulcanised rubber import price amounted to $X per ton, leveling off at the previous year. Over the period under review, the import price continues to indicate strong growth. The most prominent rate of growth was recorded in 2014 an increase of 4.7%. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United Arab Emirates ($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 (+30.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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