MENA: Market for Isoprene Rubber (IR) in Primary Forms 2024

Market Size for Isoprene Rubber (IR) in Primary Forms in MENA

The MENA's market for isoprene rubber (IR) in primary forms shrank to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Production of Isoprene Rubber (IR) in Primary Forms in MENA

In value terms, production of isoprene rubber (IR) in primary forms expanded markedly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, production of reached the peak level in 2022 and is likely to see gradual growth in the near future.

Exports of Isoprene Rubber (IR) in Primary Forms

Exports in MENA

In 2022, exports of isoprene rubber (IR) in primary forms in MENA surged to X tons, picking up by X% on 2021. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of isoprene rubber (IR) in primary forms soared to $X in 2022. In general, exports showed a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey was the key exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by Saudi Arabia (X tons), generating a X% share of total exports.

Turkey was also the fastest-growing in terms of the isoprene rubber (IR) in primary forms exports, with a CAGR of X% from 2012 to 2022. At the same time, Saudi Arabia (X%) displayed positive paces of growth. From 2012 to 2022, the share of Turkey increased by X percentage points.

In value terms, Turkey ($X) emerged as the largest isoprene rubber (IR) in primary form supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey amounted to X%.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price, however, recorded a perceptible shrinkage. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Saudi Arabia amounted to $X per ton.

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

Imports of Isoprene Rubber (IR) in Primary Forms

Imports in MENA

In 2022, approx. X tons of isoprene rubber (IR) in primary forms were imported in MENA; with an increase of X% against the previous year. Total imports indicated strong growth from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, imports of isoprene rubber (IR) in primary forms skyrocketed to $X in 2022. Total imports indicated a slight 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. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

Turkey prevails in forms structure, reaching X tons, which was approx. X% of total imports in 2022. Jordan (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Egypt (X%) and Iran (X%).

From 2012 to 2022, average annual rates of growth with regard to isoprene rubber (IR) in primary form imports into Turkey stood at X%. At the same time, Jordan (X%) and Iran (X%) displayed positive paces of growth. Moreover, Jordan emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, Egypt (X%) illustrated a downward trend over the same period. Turkey (X p.p.) and Jordan (X p.p.) significantly strengthened its position in terms of the total imports, while Egypt saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported isoprene rubber (IR) in primary forms in MENA, comprising X% of total imports. The second position in the ranking was taken by Jordan ($X), with a X% share of total imports. It was followed by Iran, with a X% share.

In Turkey, imports of isoprene rubber (IR) in primary forms expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Jordan (X% per year) and Iran (X% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Jordan ($X per ton) and Iran ($X per ton), while Egypt ($X per ton) and Turkey ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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