Middle East: Rubber Thread Market 2020

Rubber Thread Market Size in Middle East

The revenue of the rubber thread market in Middle East amounted to $X in 2017, reducing by -X% against the previous year. The rubber thread consumption continues to indicate a drastic shrinkage. The growth pace was the most rapid in 2013, when it surged by X% year-to-year. The level of rubber thread consumption peaked of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Rubber Thread Production in Middle East

In 2017, approx. X tons of rubber thread and cord textile covered were produced in Middle East; waning by -X% against the previous year. The rubber thread production continues to indicate a drastic reduction. The most prominent rate of growth was recorded in 2017, when the output figure increased by -X% year-to-year. The volume of rubber thread production peaked of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Rubber Thread Exports in Middle East

The exports totaled X tons in 2017, rising by X% against the previous year. The rubber thread exports continue to indicate a mild decrease. The growth pace was the most rapid in 2014, with an increase of X% y-o-y. Over the period under review, the rubber thread exports reached its maximum volume of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, rubber thread exports stood at $X in 2017. The total exports indicated a prominent growth from 2007 to 2017: its value decreased at an average annual rate of -X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the rubber thread exports decreased by -X% against 2015 indices. Over the period under review, the rubber thread exports reached its maximum level of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Rubber Thread Exports by Country in Middle East

In 2017, Turkey (X tons) was the largest exporter for rubber thread and cord textile covered, creating X% of total exports. The United Arab Emirates (X tons) held a X% share (based on tons) of total exports, which put it in second place, followed by Saudi Arabia (X%). Oman (X tons) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of +X% from 2007 to 2017. At the same time, the United Arab Emirates (+X%) and Oman (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest growing exporter in Middle East, with a CAGR of +X% from 2007-2017. By contrast, Saudi Arabia (-X%) illustrated a downward trend over the same period. While the share of Saudi Arabia (X%) increased significantly in terms of the global exports from 2007-2017, the share of the United Arab Emirates (-X%) and Turkey (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest rubber thread supplier in Middle East, making up X% of global exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of global exports. It was followed by Saudi Arabia, with a X% share.

From 2007 to 2017, 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 Saudi Arabia (-X% per year).

Rubber Thread Export Prices by Country in Middle East

In 2017, the rubber thread export price in Middle East amounted to $X per ton, lowering by -X% against the previous year. The export price indicated a prominent growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the rubber thread export price decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2010, an increase of X% year-to-year. The level of export price peaked of $X per ton in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was the United Arab Emirates ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Saudi Arabia (+X% per year), while the other leaders experienced more modest paces of growth.

Rubber Thread Imports in Middle East

In 2017, the amount of rubber thread and cord textile covered imported in Middle East stood at X tons, going down by -X% against the previous year. The rubber thread imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010, with an increase of X% against the previous year. In that year, the rubber thread imports reached their peak volume of X tons. From 2011 to 2017, growth of the rubber thread imports stood at a somewhat lower level.

In value terms, rubber thread imports stood at $X in 2017. The rubber thread imports continue to indicate a relatively flat trend pattern. Over the period under review, the rubber thread imports attained its peak figure level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Rubber Thread Imports by Country in Middle East

In 2017, Turkey (X tons) was the main importer for rubber thread and cord textile covered, comprising X% of total imports. Saudi Arabia (X tons) ranks second in terms of the global imports with a X% share, followed by the United Arab Emirates (X%), Qatar (X%) and Iran (X%). Oman (X tons) and Kuwait (X tons) held the minor share of total imports.

Imports into Turkey increased at an average annual rate of +X% from 2007 to 2017. At the same time, Qatar (+X%), Kuwait (+X%), Iran (+X%) and Saudi Arabia (+X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest growing importer in Middle East, with a CAGR of +X% from 2007-2017. By contrast, Oman (-X%) and the United Arab Emirates (-X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X%) and Oman (X%) increased significantly in terms of the global imports from 2007-2017, the share of Iran (-X%), Saudi Arabia (-X%), Qatar (-X%) and Turkey (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest rubber thread markets worldwide were Turkey ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), together comprising X% of total imports. Qatar, Iran, Oman and Kuwait lagged somewhat behind, together comprising a further X%.

Qatar (+X% per year) recorded the highest growth rate of imports, among the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Rubber Thread Import Prices by Country in Middle East

In 2017, the rubber thread import price in Middle East amounted to $X per ton, jumping by X% against the previous year. The rubber thread import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, when it surged by X% against the previous year. The level of import price peaked of $X per ton in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was the United Arab Emirates ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Oman (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform