United Arab Emirates: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in the United Arab Emirates

The reclaimed rubber market in the United Arab Emirates soared to $X in 2021, rising by 43% against the previous year. In general, consumption saw resilient growth. Reclaimed rubber consumption peaked in 2021 and is likely to continue growth in the immediate term.

Reclaimed Rubber Production in the United Arab Emirates

In value terms, reclaimed rubber production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production showed a buoyant expansion. The pace of growth was the most pronounced in 2019 with an increase of 326%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Reclaimed Rubber Exports

Exports from the United Arab Emirates

In 2021, shipments abroad of reclaimed rubber increased by 60% to X tons, rising for the second consecutive year after two years of decline. In general, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2017 with an increase of 576% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, reclaimed rubber exports soared to $X in 2021. Over the period under review, exports showed strong growth. The pace of growth appeared the most rapid in 2017 when exports increased by 626% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in years to come.

Exports by Country

Saudi Arabia (X tons) was the main destination for reclaimed rubber exports from the United Arab Emirates, accounting for a 71% share of total exports. Moreover, reclaimed rubber exports to Saudi Arabia exceeded the volume sent to the second major destination, Oman (X tons), fivefold. The third position in this ranking was taken by Pakistan (X tons), with a 6% share.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia totaled +45.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+33.8% per year) and Pakistan (+26.5% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for reclaimed rubber exports from the United Arab Emirates, comprising 57% of total exports. The second position in the ranking was taken by Senegal ($X), with a 17% share of total exports. It was followed by Oman, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia stood at +52.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (0.0% per year) and Oman (+36.8% per year).

Export Prices by Country

In 2021, the average reclaimed rubber export price amounted to $X per ton, increasing by 50% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Senegal ($X per ton), while the average price for exports to Pakistan ($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 China (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Reclaimed Rubber Imports

Imports into the United Arab Emirates

In 2021, supplies from abroad of reclaimed rubber increased by 18% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 39%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, reclaimed rubber imports skyrocketed to $X in 2021. Overall, imports enjoyed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), India (X tons) and Saudi Arabia (X tons) were the main suppliers of reclaimed rubber imports to the United Arab Emirates, with a combined 82% share of total imports. These countries were followed by the UK, Oman, Greece and Italy, which together accounted for a further 11%.

From 2012 to 2021, the biggest increases were recorded for Greece (with a CAGR of +106.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of reclaimed rubber to the United Arab Emirates, comprising 48% of total imports. The second position in the ranking was taken by India ($X), with a 21% share of total imports. It was followed by Oman, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +29.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+1.4% per year) and Oman (+75.3% per year).

Import Prices by Country

The average reclaimed rubber import price stood at $X per ton in 2021, increasing by 33% against the previous year. Overall, the import price showed a slight expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Oman ($X per ton), while the price for Italy ($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 UK (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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