MENA: Unvulcanised Rubber Market 2024

Unvulcanised Rubber Market Size in MENA

The MENA's unvulcanised rubber market expanded slightly to $X in 2023, increasing by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2016; afterwards, it flattened through to 2023.

Unvulcanised Rubber Production in MENA

In value terms, unvulcanised rubber production stood at $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2023, production remained at a lower figure.

Unvulcanised Rubber Exports

Exports in MENA

In 2023, overseas shipments of unvulcanised rubber were finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Total exports indicated a perceptible increase from 2012 to 2023: its volume 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, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, unvulcanised rubber exports surged to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

Turkey prevails in exports structure, amounting to X tons, which was approx. X% of total exports in 2023. The United Arab Emirates (X tons) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. While the share of Turkey (X p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Turkey, unvulcanised rubber exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in MENA stood at $X per ton in 2023, rising by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2023, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Unvulcanised Rubber Imports

Imports in MENA

In 2023, after two years of growth, there was significant decline in purchases abroad of unvulcanised rubber, when their volume decreased by X% to X tons. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, unvulcanised rubber imports fell slightly to $X in 2023. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when imports increased by X%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

Turkey was the largest importing country with an import of about X tons, which reached X% of total imports. It was distantly followed by Morocco (X tons) and the United Arab Emirates (X tons), together achieving a X% share of total imports. Egypt (X tons) and Tunisia (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to unvulcanised rubber imports into Turkey stood at X%. At the same time, Morocco (X%), the United Arab Emirates (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. By contrast, Egypt (X%) illustrated a downward trend over the same period. Turkey (X p.p.), Morocco (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total imports, while Egypt saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported unvulcanised rubber in MENA, comprising X% of total imports. The second position in the ranking was taken by Morocco ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

In Turkey, unvulcanised rubber imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Morocco (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2023, the import price in MENA amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($X per ton), while Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform