United Arab Emirates: Unvulcanised Rubber Market 2024

Unvulcanised Rubber Market Size in the United Arab Emirates

In 2021, the unvulcanised rubber market in the United Arab Emirates increased by 21% to $X, rising for the second consecutive year after two years of decline. Overall, consumption posted a strong expansion. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Unvulcanised Rubber Exports

Exports from the United Arab Emirates

In 2021, overseas shipments of unvulcanised rubber decreased by -39.9% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 134%. The exports peaked at X tons in 2020, and then fell rapidly in the following year.

In value terms, unvulcanised rubber exports contracted notably to $X in 2021. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 107%. As a result, the exports reached the peak of $X, and then shrank markedly in the following year.

Exports by Country

Saudi Arabia (X tons) was the main destination for unvulcanised rubber exports from the United Arab Emirates, with a 86% share of total exports. Moreover, unvulcanised rubber exports to Saudi Arabia exceeded the volume sent to the second major destination, New Zealand (X tons), more than tenfold. The third position in this ranking was held by Oman (X tons), with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia totaled +23.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+6.1% per year) and Oman (+95.8% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for unvulcanised rubber exports from the United Arab Emirates, comprising 66% of total exports. The second position in the ranking was held by Oman ($X), with a 15% share of total exports. It was followed by New Zealand, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia totaled +20.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+238.1% per year) and New Zealand (+20.5% per year).

Export Prices by Country

In 2021, the average unvulcanised rubber export price amounted to $X per ton, falling by -4.9% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 105% 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 somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to India ($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 Libya (+62.7%), while the prices for the other major destinations experienced more modest paces of growth.

Unvulcanised Rubber Imports

Imports into the United Arab Emirates

In 2021, purchases abroad of unvulcanised rubber increased by 25% to X tons, rising for the second year in a row after two years of decline. Overall, imports showed a strong increase. The pace of growth was the most pronounced in 2013 when imports increased by 118%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, unvulcanised rubber imports stood at $X in 2021. Over the period under review, imports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of 110%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Poland (X tons), Italy (X tons) and Canada (X tons) were the main suppliers of unvulcanised rubber imports to the United Arab Emirates, with a combined 45% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +96.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest unvulcanised rubber suppliers to the United Arab Emirates were Poland ($X), the United States ($X) and Canada ($X), together comprising 40% of total imports.

Poland, with a CAGR of +86.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average unvulcanised rubber import price amounted to $X per ton, with a decrease of -18.9% against the previous year. Over the period under review, the import price continues to indicate a slight slump. The pace of growth appeared the most rapid in 2020 when the average import price increased by 24%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 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 ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+48.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :