MENA: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in MENA

The MENA's vulcanised rubber erases market fell to $X in 2023, reducing by X% against the previous year. The total consumption indicated modest growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Vulcanised Rubber Erases Production in MENA

In value terms, vulcanised rubber erases production expanded slightly to $X in 2023 estimated in export price. The total production indicated a prominent expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2023, production growth remained at a somewhat lower figure.

Vulcanised Rubber Erases Exports

Exports in MENA

In 2023, exports of erasers of vulcanised rubber in MENA soared to X tons, with an increase of X% compared with 2022. Total exports indicated a tangible expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, vulcanised rubber erases exports skyrocketed to $X in 2023. Overall, exports enjoyed a modest increase. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Turkey (X tons) represented the key exporter of erasers of vulcanised rubber, committing X% of total exports. The United Arab Emirates (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Israel (X%). Egypt (X tons) and Bahrain (X tons) held a relatively small share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Bahrain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest vulcanised rubber erases supplier in MENA, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Israel, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Turkey stood at X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Israel (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2023, increasing by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2023, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bahrain (X%), while the other leaders experienced more modest paces of growth.

Vulcanised Rubber Erases Imports

Imports in MENA

In 2023, imports of erasers of vulcanised rubber in MENA declined to X tons, falling by X% on the year before. Overall, imports continue to indicate a slight decline. The pace of growth was the most pronounced in 2022 with an increase of X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, vulcanised rubber erases imports declined dramatically to $X in 2023. Total imports indicated a notable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons) and Iraq (X tons) represented the major importers of erasers of vulcanised rubber in 2023, recording approx. X% and X% of total imports, respectively. It was distantly followed by Turkey (X tons), Morocco (X tons), Egypt (X tons), Jordan (X tons) and Libya (X tons), together creating a X% share of total imports. Algeria (X tons), Yemen (X tons), Djibouti (X tons), Israel (X tons), Iran (X tons) and Tunisia (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Djibouti (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vulcanised rubber erases importing markets in MENA were Iraq ($X), the United Arab Emirates ($X) and Turkey ($X), with a combined X% share of total imports. Egypt, Morocco, Jordan, Libya, Algeria, Israel, Djibouti, Yemen, Iran and Tunisia lagged somewhat behind, together comprising a further X%.

Djibouti, with a CAGR of X%, saw the highest growth rate of 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 2023, the import price in MENA amounted to $X per ton, shrinking by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2022, and then fell in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Egypt ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Yemen (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform