
Saudi Arabia - Natural Rubber And Gums - Market Analysis, Forecast, Size, Trends and Insights
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Saudi Arabia: Overview of the Market for Natural Rubber And Gums 2021
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Market Size for Natural Rubber And Gums in Saudi Arabia
The Saudi natural rubber and gum market declined to $X in 2019, which is down by -X% against the previous year. In general, consumption continues to indicate a deep downturn. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2019, consumption stood at a somewhat lower figure.
Production of Natural Rubber And Gums in Saudi Arabia
In value terms, natural rubber and gum production skyrocketed to $X in 2019 estimated in export prices. In general, production continues to indicate significant growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.
In 2019, the average natural rubber and gum yield in Saudi Arabia was estimated at X kg per ha, therefore, remained relatively stable against the previous year. Overall, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2019, approx. X ha of natural rubber and gums were harvested in Saudi Arabia; remaining stable against the previous year. Over the period under review, the harvested area recorded a relatively flat trend pattern.
Exports of Natural Rubber And Gums
Exports from Saudi Arabia
In 2019, shipments abroad of natural rubber and gums increased by X% to X tonnes, rising for the fourth consecutive year after two years of decline. In general, exports continue to indicate a remarkable increase. As a result, exports attained the peak and are likely to continue growth in the immediate term.
In value terms, natural rubber and gum exports surged to $X in 2019. Overall, total exports indicated a notable expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2016 indices. As a result, exports attained the peak and are likely to continue growth in the immediate term.
Exports by Country
The United Arab Emirates (X tonnes) was the main destination for natural rubber and gum exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, natural rubber and gum exports to the United Arab Emirates exceeded the volume sent to the second major destination, Jordan (X tonnes), threefold.
From 2007 to 2019, the average annual growth rate of volume to the United Arab Emirates totaled +X%.
In value terms, the United Arab Emirates ($X) emerged as the key foreign market for natural rubber and gum exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was occupied by Jordan ($X), with a X% share of total exports.
From 2007 to 2019, the average annual rate of growth in terms of value to the United Arab Emirates totaled +X%.
Export Prices by Country
The average natural rubber and gum export price stood at $X per tonne in 2019, rising by X% against the previous year. In general, the export price, however, recorded a abrupt contraction. The export price peaked at $X per tonne in 2007; however, from 2008 to 2019, export prices failed to regain the momentum.
Average prices varied noticeably for the major overseas markets. In 2019, the country with the highest price was Jordan ($X per tonne), while the average price for exports to the United Arab Emirates stood at $X per tonne.
From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Jordan.
Imports of Natural Rubber And Gums
Imports into Saudi Arabia
In 2019, supplies from abroad of natural rubber and gums increased by X% to X tonnes, rising for the second year in a row after two years of decline. Over the period under review, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Imports peaked at X tonnes in 2015; however, from 2016 to 2019, imports stood at a somewhat lower figure.
In value terms, natural rubber and gum imports reached $X in 2019. In general, imports, however, saw a abrupt setback. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Imports peaked at $X in 2013; however, from 2014 to 2019, imports failed to regain the momentum.
Imports by Country
In 2019, Malaysia (X tonnes) constituted the largest supplier of natural rubber and gum to Saudi Arabia, accounting for a X% share of total imports. Moreover, natural rubber and gum imports from Malaysia exceeded the figures recorded by the second-largest supplier, Thailand (X tonnes), ninefold.
From 2007 to 2019, the average annual rate of growth in terms of volume from Malaysia amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-X% per year) and the U.S. (-X% per year).
In value terms, Malaysia ($X) constituted the largest supplier of natural rubber and gum to Saudi Arabia, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports.
From 2007 to 2019, the average annual rate of growth in terms of value from Malaysia totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (-X% per year) and Thailand (-X% per year).
Import Prices by Country
In 2019, the average natural rubber and gum import price amounted to $X per tonne, dropping by -X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2012; however, from 2013 to 2019, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for Thailand ($X per tonne) was amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Malaysia, while the prices for the other major suppliers experienced a decline.
Source: IndexBox AI Platform
Frequently Asked Questions (FAQ) :
What are the largest markets for natural rubber and gums in the world?+
The countries with the highest volumes of natural rubber and gum consumption in 2019 were Thailand (4M tonnes), Indonesia (3.5M tonnes) and China (2.3M tonnes), together accounting for 61% of global consumption. Malaysia, Viet Nam, India and Cote d'Ivoire lagged somewhat behind, together accounting for a further 25%.
What are the largest producers of natural rubber and gums in the world?+
The countries with the highest volumes of natural rubber and gum production in 2019 were Thailand (4.8M tonnes), Indonesia (3.4M tonnes) and China (1.7M tonnes), with a combined 64% share of global production. These countries were followed by Viet Nam, India, Cote d'Ivoire, Malaysia, the Philippines, Guatemala and Myanmar, which together accounted for a further 29%.
What are the leading suppliers of natural rubber and gums to Saudi Arabia?+
In value terms, Malaysia ($537K) constituted the largest supplier of natural rubber and gum to Saudi Arabia, comprising 80% of total imports. The second position in the ranking was occupied by the U.S. ($53K), with a 7.9% share of total imports.
What are the leading importers of natural rubber and gums from Saudi Arabia?+
In value terms, the United Arab Emirates ($303K) emerged as the key foreign market for natural rubber and gum exports from Saudi Arabia, comprising 70% of total exports. The second position in the ranking was occupied by Jordan ($129K), with a 30% share of total exports.
What is the average export price for natural rubber and gums in Saudi Arabia?+
The average natural rubber and gum export price stood at $1,005 per tonne in 2019, with an increase of 11% against the previous year.
What is the average import price for natural rubber and gums in Saudi Arabia?+
The average natural rubber and gum import price stood at $2,282 per tonne in 2019, reducing by -11.1% against the previous year.
This report provides an in-depth analysis of the market for natural rubber and gum in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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