Sudan: Vulcanised Rubber Seal Market 2024

Vulcanised Rubber Seal Market Size in Sudan

The Sudanese vulcanised rubber seal market skyrocketed to $X in 2022, growing by 20% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a mild setback. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Vulcanised Rubber Seal Exports

Exports from Sudan

In 2022, after two years of decline, there was significant decline in shipments abroad of seals of vulcanised rubber, when their volume decreased by -9.5% to X kg. Over the period under review, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2014 when exports increased by 62%. The exports peaked at X kg in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, vulcanised rubber seal exports reduced to $X in 2022. Overall, exports faced a abrupt decline. The growth pace was the most rapid in 2015 when exports increased by 166%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Ethiopia (X kg) was the main destination for vulcanised rubber seal exports from Sudan, with a 71% share of total exports. Moreover, vulcanised rubber seal exports to Ethiopia exceeded the volume sent to the second major destination, New Zealand (X kg), sevenfold. The third position in this ranking was taken by Brazil (X kg), with a 5.3% share.

From 2012 to 2022, the average annual growth rate of volume to Ethiopia amounted to +39.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+16.7% per year) and Brazil (0.0% per year).

In value terms, Ethiopia ($X) emerged as the key foreign market for seals of vulcanised rubber exports from Sudan, comprising 77% of total exports. The second position in the ranking was held by New Zealand ($X), with a 9.2% share of total exports. It was followed by Luxembourg, with a 3.7% share.

From 2012 to 2022, the average annual growth rate of value to Ethiopia totaled +61.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+34.7% per year) and Luxembourg (0.0% per year).

Export Prices by Country

In 2022, the average vulcanised rubber seal export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the export price saw a abrupt decline. The growth pace was the most rapid in 2015 when the average export price increased by 80%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+21.8%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Seal Imports

Imports into Sudan

In 2022, approx. X tons of seals of vulcanised rubber were imported into Sudan; with an increase of 23% compared with 2021. Overall, imports, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2017 with an increase of 404%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, vulcanised rubber seal imports surged to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 324%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of vulcanised rubber seal to Sudan, with a 48% share of total imports. Moreover, vulcanised rubber seal imports from India exceeded the figures recorded by the second-largest supplier, Kuwait (X tons), fourfold. The third position in this ranking was held by China (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at -6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Kuwait (+34.4% per year) and China (-7.4% per year).

In value terms, India ($X) constituted the largest supplier of seals of vulcanised rubber to Sudan, comprising 37% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 16% share of total imports. It was followed by China, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from India was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+15.5% per year) and China (+5.1% per year).

Import Prices by Country

The average vulcanised rubber seal import price stood at $X per ton in 2022, dropping by -3.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2021 when the average import price increased by 34% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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