GCC: Vulcanised Rubber Mats Market 2024

Vulcanised Rubber Mats Market Size in GCC

The GCC vulcanised rubber mats market fell to $X in 2022, waning by X% against the previous year. Overall, consumption, however, recorded a buoyant increase. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Vulcanised Rubber Mats Production in GCC

In value terms, vulcanised rubber mats production declined modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a prominent increase. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Vulcanised Rubber Mats Exports

Exports in GCC

In 2022, exports of floor coverings and mats of vulcanised rubber in GCC dropped to X tons, reducing by X% against 2021 figures. Overall, exports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2019 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, vulcanised rubber mats exports amounted to $X in 2022. Over the period under review, exports, however, showed a significant expansion. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

The United Arab Emirates dominates exports structure, resulting at X tons, which was near X% of total exports in 2022. Kuwait (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to vulcanised rubber mats exports from the United Arab Emirates stood at X%. At the same time, Kuwait (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. Kuwait (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest vulcanised rubber mats supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total exports.

In the United Arab Emirates, vulcanised rubber mats exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, with an increase of X% against the previous year. Export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vulcanised rubber mats export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the United Arab Emirates amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%).

Vulcanised Rubber Mats Imports

Imports in GCC

In 2022, approx. X tons of floor coverings and mats of vulcanised rubber were imported in GCC; with a decrease of X% against the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then contracted in the following year.

In value terms, vulcanised rubber mats imports fell markedly to $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of import peaked at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

The United Arab Emirates was the key importing country with an import of about X tons, which recorded X% of total imports. Kuwait (X tons) held the second position in the ranking, followed by Qatar (X tons) and Oman (X tons). All these countries together took approx. X% share of total imports. Bahrain (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to vulcanised rubber mats imports into the United Arab Emirates stood at X%. At the same time, Kuwait (X%), Bahrain (X%) and Oman (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, Qatar (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), Kuwait (X p.p.), Bahrain (X p.p.) and Oman (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Qatar (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported floor coverings and mats of vulcanised rubber in GCC, comprising X% of total imports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total imports. It was followed by Qatar, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled X%. In the other countries, the average annual rates were as follows: Kuwait (X% per year) and Qatar (X% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kuwait ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :