GCC: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2024

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in GCC

The GCC vulcanised cellular rubber articles market expanded sharply to $X in 2022, increasing by X% against the previous year. In general, consumption continues to indicate a resilient expansion. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Production of Vulcanised Cellular Rubber Articles For Technical Uses in GCC

In value terms, vulcanised cellular rubber articles production soared to $X in 2022 estimated in export price. In general, production posted prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports in GCC

In 2022, the amount of vulcanised cellular rubber articles for technical uses exported in GCC soared to X tons, with an increase of X% compared with 2021. Overall, exports recorded significant growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, vulcanised cellular rubber articles exports skyrocketed to $X in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

The United Arab Emirates (X tons) represented roughly X% of total exports in 2022.

The United Arab Emirates was also the fastest-growing in terms of the vulcanised cellular rubber articles for technical uses exports, with a CAGR of X% from 2012 to 2022. While the share of the United Arab Emirates (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest vulcanised cellular rubber articles supplier in GCC.

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

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports in GCC

In 2022, the amount of vulcanised cellular rubber articles for technical uses imported in GCC rose markedly to X tons, with an increase of X% compared with 2021 figures. In general, imports posted a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, vulcanised cellular rubber articles imports skyrocketed to $X in 2022. Overall, imports saw a buoyant increase. The growth pace was the most rapid in 2020 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Saudi Arabia (X tons) represented the largest importer of vulcanised cellular rubber articles for technical uses, constituting X% of total imports. Qatar (X tons) ranks second in terms of the total imports with a X% share, followed by the United Arab Emirates (X%) and Oman (X%). Kuwait (X tons) and Bahrain (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to vulcanised cellular rubber articles imports into Saudi Arabia stood at X%. At the same time, Oman (X%), Bahrain (X%), Qatar (X%), the United Arab Emirates (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. Saudi Arabia (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total imports, while Qatar, Kuwait and the United Arab Emirates saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Qatar ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Kuwait, Oman and Bahrain lagged somewhat behind, together comprising a further X%.

Bahrain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, continues to indicate a slight decrease. The pace of growth was the most pronounced in 2019 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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