Saudi Arabia: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Saudi Arabia

In 2021, after two years of decline, there was growth in the Saudi vulcanised rubber thread market, when its value increased by 0.5% to $X. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Vulcanised Rubber Thread Production in Saudi Arabia

In value terms, vulcanised rubber thread production rose modestly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.3% 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 -33.8% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 74% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Vulcanised Rubber Thread Exports

Exports from Saudi Arabia

In 2021, overseas shipments of vulcanised rubber thread and cord increased by 85% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 477% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, vulcanised rubber thread exports soared to $X in 2021. In general, exports enjoyed a measured expansion. The pace of growth appeared the most rapid in 2020 with an increase of 316%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Mauritania (X tons) was the main destination for vulcanised rubber thread exports from Saudi Arabia, accounting for a 77% share of total exports. Moreover, vulcanised rubber thread exports to Mauritania exceeded the volume sent to the second major destination, India (X tons), eightfold. The third position in this ranking was taken by China (X tons), with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume to Mauritania totaled +23.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+13.1% per year) and China (+115.1% per year).

In value terms, the largest markets for vulcanised rubber thread exported from Saudi Arabia were Mauritania ($X), India ($X) and China ($X), with a combined 73% share of total exports.

Among the main countries of destination, China, with a CAGR of +101.5%, saw the highest growth rate of the value of exports, 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 vulcanised rubber thread export price amounted to $X per ton, with a decrease of -4.8% against the previous year. Over the period under review, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 68% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Mauritania ($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 Mauritania (+7.2%), while the prices for the other major destinations experienced mixed trend patterns.

Vulcanised Rubber Thread Imports

Imports into Saudi Arabia

In 2014, the amount of vulcanised rubber thread and cord imported into Saudi Arabia dropped markedly to X tons, with a decrease of -31% on 2013 figures. In general, imports continue to indicate a sharp contraction. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2014, imports remained at a lower figure.

In value terms, vulcanised rubber thread imports declined markedly to $X in 2014. Overall, imports continue to indicate a sharp slump. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2014, imports stood at a somewhat lower figure.

Imports by Country

In 2014, South Korea (X tons) constituted the largest vulcanised rubber thread supplier to Saudi Arabia, accounting for a approx. 13% share of total imports.

From 2012 to 2014, the average annual growth rate of volume from South Korea amounted to +20.6%.

In value terms, South Korea ($X) constituted the largest supplier of vulcanised rubber thread and cord to Saudi Arabia.

From 2012 to 2014, the average annual rate of growth in terms of value from South Korea amounted to +19.9%.

Import Prices by Country

In 2014, the average vulcanised rubber thread import price amounted to $X per ton, reducing by -29.4% against the previous year. In general, the import price faced a sharp decline. The most prominent rate of growth was recorded in 2013 when the average import price decreased by -22.3% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2014, import prices remained at a lower figure.

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

From 2012 to 2014, the most notable rate of growth in terms of prices was attained by Germany (-5.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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