Latest Report Update: Apr 19, 2021

Saudi Arabia - Synthetic Rubber - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service and Privacy Policy. We'll occasionally send you account related emails.

Saudi Arabia: Synthetic Rubber Market Overview 2021

Webinar: Global PVC Market - Statistics, Trends, and Outlook

Join our live webinar to get insights into the global polyvinyl chloride market.

Thursday, July 1st, 2021 @ 10:00 am ET

Register Now

Synthetic Rubber Market Size in Saudi Arabia

In 2019, the Saudi synthetic rubber market decreased by -X% to $X, falling for the second year in a row after four years of growth. Over the period under review, the total consumption indicated temperate growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2016 when the market value increased by X% against the previous year. Synthetic rubber consumption peaked at $X in 2017; however, from 2018 to 2019, consumption remained at a lower figure.

Synthetic Rubber Production in Saudi Arabia

In value terms, synthetic rubber production soared to $X in 2019 estimated in export prices. Overall, production recorded a resilient expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Synthetic Rubber Exports

Exports from Saudi Arabia

Synthetic rubber exports from Saudi Arabia surged to X tonnes in 2019, rising by X% compared with 2018. Overall, exports saw a significant expansion. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, synthetic rubber exports soared to $X in 2019. Over the period under review, exports recorded a significant expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore (X tonnes) was the main destination for synthetic rubber exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, synthetic rubber exports to Singapore exceeded the volume sent to the second major destination, China (X tonnes), threefold. The third position in this ranking was occupied by the United Arab Emirates (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Singapore stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and the United Arab Emirates (+X% per year).

In value terms, Singapore ($X) emerged as the key foreign market for synthetic rubber exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Singapore stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Thailand (+X% per year).

Export Prices by Country

The average synthetic rubber export price stood at $X per tonne in 2019, shrinking by -X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% y-o-y. As a result, export price reached the peak level of $X per tonne. From 2018 to 2019, the growth in terms of the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Thailand ($X per tonne), while the average price for exports to Jordan ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia, while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Rubber Imports

Imports into Saudi Arabia

In 2019, the amount of synthetic rubber imported into Saudi Arabia fell to X tonnes, declining by -X% compared with the previous year's figure. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X tonnes. From 2016 to 2019, the growth imports remained at a lower figure.

In value terms, synthetic rubber imports reached $X in 2019. The total import value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2012 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2013 to 2019, the growth imports failed to regain the momentum.

Imports by Country

The U.S. (X tonnes), Germany (X tonnes) and Russia (X tonnes) were the main suppliers of synthetic rubber imports to Saudi Arabia, with a combined X% share of total imports. These countries were followed by France, Belgium, the Netherlands, South Korea, Japan, Italy, the United Arab Emirates, India and Taiwan (Chinese), which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands, while imports for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constituted the largest supplier of synthetic rubber to Saudi Arabia, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

From 2007 to 2019, the average annual growth rate of value from the U.S. was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Russia (+X% per year).

Import Prices by Country

In 2019, the average synthetic rubber import price amounted to $X per tonne, surging by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2012; however, from 2013 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the United Arab Emirates ($X per tonne), while the price for Belgium ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the United Arab Emirates, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for synthetic rubber in the world?
+
The country with the largest volume of synthetic rubber consumption was China (6M tonnes), accounting for 28% of total volume. Moreover, synthetic rubber consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (2.8M tonnes), twofold. Japan (1.2M tonnes) ranked third in terms of total consumption with a 5.5% share.
What are the largest producers of synthetic rubber in the world?
+
The countries with the highest volumes of synthetic rubber production in 2019 were the U.S. (3.1M tonnes), Japan (1.8M tonnes) and China (1.8M tonnes), together accounting for 32% of global production. These countries were followed by South Korea, Russia, Thailand, Germany, Viet Nam, Indonesia, Mexico, France, Taiwan (Chinese) and Italy, which together accounted for a further 44%.
What are the leading suppliers of synthetic rubber to Saudi Arabia?
+
In value terms, the U.S. ($19M) constituted the largest supplier of synthetic rubber to Saudi Arabia, comprising 34% of total imports. The second position in the ranking was occupied by Germany ($7.4M), with a 13% share of total imports. It was followed by Russia, with a 11% share.
What are the leading importers of synthetic rubber from Saudi Arabia?
+
In value terms, Singapore ($144M) emerged as the key foreign market for synthetic rubber exports from Saudi Arabia, comprising 42% of total exports. The second position in the ranking was occupied by China ($34M), with a 10% share of total exports. It was followed by Thailand, with a 5.8% share.
What is the average export price for synthetic rubber in Saudi Arabia?
+
The average synthetic rubber export price stood at $1,761 per tonne in 2019, waning by -5.2% against the previous year.
What is the average import price for synthetic rubber in Saudi Arabia?
+
The average synthetic rubber import price stood at $2,409 per tonne in 2019, increasing by 4.1% against the previous year.

Product coverage:
• Prodcom 20171050 - Synthetic latex rubber
• Prodcom 20171090 - Synthetic rubber (excluding latex)

This report provides an in-depth analysis of the synthetic rubber market 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.


Country coverage:
• Saudi Arabia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Saudi Arabia
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

Webinar: Global PVC Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global polyvinyl chloride market.



Thursday, July 1st, 2021 @ 10:00 am ET


Register

Webinar: Global Hydrogen Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global hydrogen market.



Tuesday, May 25th, 2021 @ 10:00 am ET


Register

Webinar: Global Biodiesel Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global biodiesel market.



Thursday, June 10th, 2021 @ 10:00 am ET


Register
Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data