Saudi Arabia - Synthetic Rubber - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSynthetic Rubber Price in Saudi Arabia - 2022
Contents:
- Synthetic Rubber Price in Saudi Arabia (FOB) - 2022
- Synthetic Rubber Price in Saudi Arabia (CIF) - 2022
- Synthetic Rubber Exports in Saudi Arabia
- Synthetic Rubber Imports in Saudi Arabia
Synthetic Rubber Price in Saudi Arabia (FOB) - 2022
In 2022, the average synthetic rubber export price amounted to $1,715 per ton, shrinking by -13.4% against the previous year. Overall, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, synthetic rubber export price increased by +19.9% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 86% against the previous year. Over the period under review, the average export prices hit record highs at $1,980 per ton in 2021, and then fell in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($2,289 per ton), while the average price for exports to Egypt ($929 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.
Synthetic Rubber Price in Saudi Arabia (CIF) - 2022
In 2022, the average synthetic rubber import price amounted to $1,946 per ton, waning by -12.7% against the previous year. Over the period under review, the import price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 23% against the previous year. Over the period under review, average import prices attained the peak figure at $3,280 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($3,364 per ton), while the price for Belgium ($843 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+13.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Synthetic Rubber Exports in Saudi Arabia
Synthetic rubber exports from Saudi Arabia reduced modestly to 247K tons in 2022, declining by -3.3% against the year before. Over the period under review, exports saw a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 7% against the previous year.
In value terms, synthetic rubber exports declined dramatically to $424M in 2022. Overall, exports showed a noticeable decrease. The growth pace was the most rapid in 2021 when exports increased by 48% against the previous year. As a result, the exports reached the peak of $506M, and then shrank significantly in the following year.
| Export of Synthetic Rubber in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 55.1 | 105 | 129 | 113 | 27.1% |
| Belgium | 9.3 | 17.7 | 88.5 | 77.3 | 102.6% |
| Malaysia | 22.0 | 6.7 | 64.0 | 55.9 | 36.5% |
| Singapore | 10.1 | 44.0 | 41.1 | 35.9 | 52.6% |
| India | 9.1 | 12.9 | 32.1 | 28.0 | 45.4% |
| Turkey | 8.8 | 9.1 | 27.1 | 23.7 | 39.1% |
| United Arab Emirates | 7.2 | 5.2 | 13.9 | 12.1 | 18.9% |
| United States | 1.7 | 5.3 | 12.5 | 10.9 | 85.8% |
| Thailand | 3.2 | 5.2 | 12.3 | 10.8 | 50.0% |
| Egypt | 2.8 | 3.3 | 8.6 | 7.5 | 38.9% |
| Germany | 1.2 | 3.5 | 7.5 | 6.5 | 75.6% |
| Indonesia | 3.2 | 3.2 | 5.7 | 4.9 | 15.3% |
| Jordan | 3.2 | 1.8 | 5.4 | 4.7 | 13.7% |
| Others | 325 | 118 | 58.2 | 32.7 | -53.5% |
| Total | 462 | 342 | 506 | 424 | -2.8% |
Top Export Markets for Synthetic Rubber from Saudi Arabia in 2022:
- China (65.8K tons)
- Belgium (45.2K tons)
- Malaysia (24.4K tons)
- Singapore (18.7K tons)
- India (16.6K tons)
- Turkey (11.9K tons)
- United Arab Emirates (9.0K tons)
- Egypt (8.1K tons)
- United States (7.1K tons)
- Thailand (7.1K tons)
- Jordan (4.6K tons)
- Germany (4.5K tons)
- Indonesia (3.5K tons)
Synthetic Rubber Imports in Saudi Arabia
In 2022, synthetic rubber imports into Saudi Arabia surged to 21K tons, rising by 55% compared with 2021 figures. In general, imports, however, saw a abrupt contraction.
In value terms, synthetic rubber imports soared to $41M in 2022. Overall, imports, however, showed a drastic downturn.
| Import of Synthetic Rubber in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 20.5 | 17.8 | 19.2 | 14.2 | -11.5% |
| Russia | 7.7 | 5.6 | 7.8 | 5.8 | -9.0% |
| South Korea | 1.8 | 4.8 | 6.8 | 5.0 | 40.6% |
| Germany | 6.8 | 5.6 | 4.8 | 4.2 | -14.8% |
| France | 2.4 | 1.8 | 2.2 | 1.6 | -12.6% |
| Belgium | 1.6 | 2.9 | 0.6 | 1.3 | -6.7% |
| Netherlands | 0.8 | 1.3 | 1.6 | 1.2 | 14.5% |
| Taiwan (Chinese) | 1.0 | 0.9 | 1.5 | 1.1 | 3.2% |
| Others | 13.0 | 10.3 | -14.5 | 6.3 | -21.5% |
| Total | 55.6 | 51.1 | 30.0 | 40.6 | -9.9% |
Top Suppliers of Synthetic Rubber to Saudi Arabia in 2022:
- United States (4.2K tons)
- Russia (3.8K tons)
- South Korea (2.9K tons)
- Germany (2.6K tons)
- Belgium (1.5K tons)
- Netherlands (1.2K tons)
- France (0.8K tons)
- Taiwan (Chinese) (0.4K tons)
This report provides an in-depth analysis of the synthetic 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
- Prodcom 20171090 - Synthetic rubber (excluding latex)
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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In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
1348
In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
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Discover the top import markets for synthetic latex rubber and their key statistics. Malaysia, China, and Thailand lead the way, according to IndexBox data.
1393
In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
1348
In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
201
Discover the top import markets for synthetic rubber (excluding latex) with key statistics and analysis. Learn about the leading countries driving the demand for synthetic rubber. Read more on IndexBox market intelligence platform.
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Discover the top import markets for synthetic latex rubber and their key statistics. Malaysia, China, and Thailand lead the way, according to IndexBox data.
