United Arab Emirates: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in the United Arab Emirates

The reclaimed rubber market in the United Arab Emirates surged to $X in 2023, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a prominent expansion. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Reclaimed Rubber Exports

Exports from the United Arab Emirates

In 2023, the amount of reclaimed rubber exported from the United Arab Emirates surged to X tons, picking up by X% on the previous year. Over the period under review, exports, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, reclaimed rubber exports skyrocketed to $X in 2023. In general, exports posted a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

Australia (X tons) was the main destination for reclaimed rubber exports from the United Arab Emirates, with a X% share of total exports. Moreover, reclaimed rubber exports to Australia exceeded the volume sent to the second major destination, New Zealand (X tons), fourfold. The third position in this ranking was taken by Malaysia (X tons), with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Australia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (X% per year) and Malaysia (X% per year).

In value terms, Australia ($X) emerged as the key foreign market for reclaimed rubber exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Australia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Germany (X% per year).

Export Prices by Country

The average reclaimed rubber export price stood at $X per ton in 2023, picking up by X% against the previous year. Overall, the export price posted a prominent increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Reclaimed Rubber Imports

Imports into the United Arab Emirates

Reclaimed rubber imports into the United Arab Emirates soared to X tons in 2023, picking up by X% against the year before. Over the period under review, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, reclaimed rubber imports rose sharply to $X in 2023. Overall, imports recorded a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, Portugal (X tons) constituted the largest reclaimed rubber supplier to the United Arab Emirates, accounting for a X% share of total imports. Moreover, reclaimed rubber imports from Portugal exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Canada (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Portugal stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Canada (X% per year).

In value terms, China ($X), Canada ($X) and Portugal ($X) appeared to be the largest reclaimed rubber suppliers to the United Arab Emirates, with a combined X% share of total imports.

Among the main suppliers, Canada, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average reclaimed rubber import price amounted to $X per ton, waning by X% against the previous year. Overall, the import price showed a drastic downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform