Report Update Nov 1, 2024

Sudan - Synthetic Rubber - Market Analysis, Forecast, Size, Trends and Insights

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Sudan: Synthetic Rubber Market 2024

Synthetic Rubber Market Size in Sudan

After two years of decline, the Sudanese synthetic rubber market decreased by 0% to less than $X in 2021. Overall, consumption posted significant growth. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Synthetic Rubber Exports

Exports from Sudan

Synthetic rubber exports from Sudan amounted to X kg in 2018, almost unchanged from the year before. In general, exports saw a relatively flat trend pattern. Over the period under review, the exports hit record highs in 2018 and are expected to retain growth in the immediate term.

In value terms, synthetic rubber exports stood at $X in 2018. Overall, exports continue to indicate a relatively flat trend pattern. The exports peaked in 2018 and are likely to see gradual growth in the immediate term.

Exports by Country

Sri Lanka (X kg) was the main destination for synthetic rubber exports from Sudan, accounting for a approx. 100% share of total exports.

From 2015 to 2021, the average annual rate of growth in terms of volume to Sri Lanka was relatively modest.

From 2015 to 2021, the average annual rate of growth in terms of value to Sri Lanka was relatively modest.

Export Prices by Country

In 2021, the average synthetic rubber export price amounted to less than $X per ton, flattening at the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price decreased by 99.9%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Sri Lanka.

From 2015 to 2021, the rate of growth in terms of prices for Oman amounted to 0.0% per year.

Synthetic Rubber Imports

Imports into Sudan

For the fifth consecutive year, Sudan recorded growth in purchases abroad of synthetic rubber, which increased by 30% to X tons in 2018. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 97% against the previous year. Over the period under review, imports hit record highs in 2018 and are expected to retain growth in the near future.

In value terms, synthetic rubber imports reduced sharply to $X in 2018. Overall, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 96%. As a result, imports reached the peak of $X, and then declined remarkably in the following year.

Imports by Country

China (X tons), Thailand (X tons) and the United Arab Emirates (X tons) were the main suppliers of synthetic rubber imports to Sudan, together comprising 60% of total imports. Moreover, synthetic rubber imports in China exceeded the figures recorded by the second-largest supplier, Thailand, twofold.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +14.7%), while purchases for the other leaders experienced a decline.

In value terms, the largest synthetic rubber suppliers to Sudan were China ($X), the United Arab Emirates ($X) and Thailand ($X), together accounting for 60% of total imports. Moreover, synthetic rubber imports in China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates, threefold.

Among the main suppliers, China, with a CAGR of +14.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average synthetic rubber import price stood at less than $X per ton in 2021, standing approx. at the previous year. Overall, the import price showed strong growth. The most prominent rate of growth was recorded in 2017 a decrease of -0.2% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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 China ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+9.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for synthetic rubber in the world?

The country with the largest volume of synthetic rubber consumption was China, accounting for 31% of total volume. Moreover, synthetic rubber consumption in China exceeded the figures recorded by the second-largest consumer, the U.S., threefold. The third position in this ranking was occupied by Japan, with a 5.3% share.

What are the largest producers of synthetic rubber in the world?

The countries with the highest volumes of synthetic rubber production in 2020 were the U.S., China and South Korea, together accounting for 35% of global production. Japan, Russia, Thailand, Vietnam, Germany, Indonesia, Taiwan Chinese), Mexico, France and Italy lagged somewhat behind, together comprising a further 43%.

What are the leading suppliers of synthetic rubber to Sudan?

In value terms, China, Saudi Arabia and Thailand were the largest synthetic rubber suppliers to Sudan, together comprising 76% of total imports.

What is the average export price for synthetic rubber in Sudan?

In 2018, the average synthetic rubber export price amounted to $7,300 per ton, standing approx. at the previous year.

What is the average import price for synthetic rubber in Sudan?

In 2020, the average synthetic rubber import price amounted to $1,750 per ton, with an increase of 10% against the previous year.

This report provides an in-depth analysis of the synthetic rubber market in Sudan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20171050 - Synthetic latex rubber
Prodcom 20171090 - Synthetic rubber (excluding latex)

Country coverage:

Sudan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sudan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023