United Arab Emirates: Market for Rubber-to-Metal and Moulded Articles 2024

Market Size for Rubber-to-Metal and Moulded Articles in the United Arab Emirates

In 2021, the rubber-to-metal and moulded article market in the United Arab Emirates was finally on the rise to reach $X after two years of decline. Overall, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Rubber-to-Metal and Moulded Articles

Exports from the United Arab Emirates

Rubber-to-metal and moulded article exports from the United Arab Emirates skyrocketed to X tons in 2021, picking up by 72% against the previous year's figure. Over the period under review, exports posted a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, rubber-to-metal and moulded article exports soared to $X in 2021. Overall, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +36.6% against 2018 indices. The growth pace was the most rapid in 2013 when exports increased by 44% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Oman (X tons) was the main destination for rubber-to-metal and moulded article exports from the United Arab Emirates, accounting for a 31% share of total exports. Moreover, rubber-to-metal and moulded article exports to Oman exceeded the volume sent to the second major destination, India (X tons), fivefold. The third position in this ranking was taken by Ukraine (X tons), with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Oman stood at +17.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+3.5% per year) and Ukraine (+10.7% per year).

In value terms, Oman ($X) remains the key foreign market for rubber-to-metal and moulded articles exports from the United Arab Emirates, comprising 39% of total exports. The second position in the ranking was held by India ($X), with a 7.2% share of total exports. It was followed by Saudi Arabia, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value to Oman stood at +16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+0.3% per year) and Saudi Arabia (+16.3% per year).

Export Prices by Country

In 2021, the average rubber-to-metal and moulded article export price amounted to $X per ton, which is down by -18.1% against the previous year. Overall, the export price showed a noticeable slump. The pace of growth was the most pronounced in 2016 an increase of 18% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat 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 ($X per ton), while the average price for exports to Zambia ($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 Zambia (-0.7%), while the prices for the other major destinations experienced a decline.

Imports of Rubber-to-Metal and Moulded Articles

Imports into the United Arab Emirates

In 2021, imports of rubber-to-metal and moulded articles into the United Arab Emirates surged to X tons, picking up by 57% on 2020. In general, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +38.5% against 2018 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 71% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, rubber-to-metal and moulded article imports soared to $X in 2021. Overall, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +82.5% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons), China (X tons) and Thailand (X tons) were the main suppliers of rubber-to-metal and moulded article imports to the United Arab Emirates, together comprising 50% of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +28.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest rubber-to-metal and moulded article suppliers to the United Arab Emirates were Germany ($X), China ($X) and Turkey ($X), together accounting for 37% of total imports.

Turkey, with a CAGR of +18.9%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average rubber-to-metal and moulded article import price stood at $X per ton in 2021, with an increase of 11% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 17% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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 the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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