Saudi Arabia - Synthetic Latex Rubber - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSynthetic Latex Rubber Price in Saudi Arabia - 2021
Contents:
- Synthetic Latex Rubber Price in Saudi Arabia (FOB) - 2022
- Synthetic Latex Rubber Price in Saudi Arabia (CIF) - 2022
- Synthetic Latex Rubber Exports in Saudi Arabia
- Synthetic Latex Rubber Imports in Saudi Arabia
Synthetic Latex Rubber Price in Saudi Arabia (FOB) - 2022
In 2022, the average synthetic latex rubber export price amounted to $1,619 per ton, rising by 53% against the previous year. In general, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, synthetic latex rubber export price increased by +79.6% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Kuwait ($1,964 per ton) and China ($1,895 per ton), while the average price for exports to Egypt ($1,415 per ton) and Jordan ($1,676 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Synthetic Latex Rubber Price in Saudi Arabia (CIF) - 2022
The average synthetic latex rubber import price stood at $2,753 per ton in 2021, growing by 9.5% against the previous year. Overall, import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, synthetic latex rubber import price decreased by -11.7% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 35% against the previous year. The import price peaked at $3,116 per ton in 2019; however, from 2020 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 UK ($5,226 per ton), while the price for the Netherlands ($1,130 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 (+11.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Synthetic Latex Rubber Exports in Saudi Arabia
In 2022, the amount of synthetic latex rubber exported from Saudi Arabia plummeted to 18K tons, falling by -22.7% on the previous year's figure. In general, exports, however, showed a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 174% against the previous year. As a result, the exports reached the peak of 23K tons, and then fell dramatically in the following year.
In value terms, synthetic latex rubber exports soared to $29M in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 221%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.
| Export of Synthetic Latex Rubber in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 2.4 | 3.0 | 7.8 | 9.3 | 57.1% |
| United Arab Emirates | 3.3 | 1.8 | 7.0 | 8.4 | 36.5% |
| Jordan | 3.2 | 1.8 | 5.4 | 6.5 | 26.6% |
| Pakistan | 0.3 | 0.4 | 1.8 | 2.2 | 94.3% |
| Kuwait | 0.5 | 0.4 | 1.0 | 1.2 | 33.9% |
| China | 0.8 | 0.7 | N/A | 0.8 | 0.0% |
| Others | 2.3 | -0.5 | 1.2 | 0.2 | -55.7% |
| Total | 12.8 | 7.6 | 24.2 | 28.7 | 30.9% |
Top Export Markets for Synthetic Latex Rubber from Saudi Arabia in 2022:
- Egypt (6.6K tons)
- United Arab Emirates (4.8K tons)
- Jordan (3.9K tons)
- Pakistan (1.2K tons)
- Kuwait (0.6K tons)
- China (0.4K tons)
Synthetic Latex Rubber Imports in Saudi Arabia
After two years of growth, purchases abroad of synthetic latex rubber decreased by -19.8% to 8.4K tons in 2021. Over the period under review, imports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 18%. As a result, imports reached the peak of 10K tons, and then shrank rapidly in the following year.
In value terms, synthetic latex rubber imports shrank to $23M in 2021. In general, imports recorded a deep slump. The smallest decline of -4.9% was in 2020.
| Import of Synthetic Latex Rubber in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United States | 18.2 | 15.7 | 12.4 | -17.5% | |
| Germany | 5.9 | 4.7 | 2.9 | -29.9% | |
| Poland | N/A | 0.8 | 2.1 | 162.5% | |
| Netherlands | 0.8 | 1.3 | 1.6 | 41.4% | |
| United Kingdom | 0.7 | 0.6 | 1.0 | 19.5% | |
| Belgium | 0.8 | 1.7 | 0.6 | -13.4% | |
| Japan | 0.1 | N/A | 0.5 | 123.6% | |
| India | 0.4 | 0.4 | 0.3 | -13.4% | |
| Others | 0.7 | 1.1 | 1.6 | 51.2% | |
| Total | 27.6 | 26.3 | 23.1 | -8.5% | |
Top Suppliers of Synthetic Latex Rubber to Saudi Arabia in 2022:
- United States (2825.7 tons)
- Germany (1791.3 tons)
- Netherlands (1434.4 tons)
- Belgium (558.4 tons)
- Poland (509.3 tons)
- India (251.1 tons)
- United Kingdom (188.4 tons)
- Japan (128.7 tons)
This report provides an in-depth analysis of the synthetic latex rubber market in Saudi Arabia. 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
Country coverage:
- Saudi Arabia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Saudi Arabia
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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