MENA: Market for Extruded Solid Rubber Rods And Profiles 2024

Market Size for Extruded Solid Rubber Rods And Profiles in MENA

The MENA's extruded solid rubber rod market was finally on the rise to reach $X in 2023, after two years of decline. Overall, consumption saw a modest expansion. As a result, consumption attained the peak level of $X. From 2021 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Extruded Solid Rubber Rods And Profiles in MENA

In value terms, extruded solid rubber rod production rose markedly to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2023, production growth failed to regain momentum.

Exports of Extruded Solid Rubber Rods And Profiles

Exports in MENA

In 2023, exports of extruded solid rubber rods and profiles in MENA skyrocketed to X tons, rising by X% compared with 2022. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, extruded solid rubber rod exports soared to $X in 2023. Total exports indicated a pronounced increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey was the key exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by the United Arab Emirates (X tons), making up a X% share of total exports. The following exporters - Saudi Arabia (X tons) and Israel (X tons) - together made up X% of total exports.

Turkey was also the fastest-growing in terms of the extruded solid rubber rods and profiles exports, with a CAGR of X% from 2012 to 2023. At the same time, Saudi Arabia (X%) displayed positive paces of growth. By contrast, Israel (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while Israel and the United Arab Emirates saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest extruded solid rubber rod supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Israel, with a X% share.

In Turkey, extruded solid rubber rod exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Israel (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2023, picking up by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum in 2023 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Imports of Extruded Solid Rubber Rods And Profiles

Imports in MENA

In 2023, imports of extruded solid rubber rods and profiles in MENA surged to X tons, increasing by X% compared with 2022 figures. Total imports indicated prominent growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, extruded solid rubber rod imports soared to $X in 2023. Total imports indicated a moderate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Imports by Country

In 2023, Morocco (X tons) and Iran (X tons) were the key importers of extruded solid rubber rods and profiles in MENA, together creating X% of total imports. It was distantly followed by Turkey (X tons), mixing up a X% share of total imports. The following importers - the United Arab Emirates (X tons), Bahrain (X tons), Saudi Arabia (X tons), Algeria (X tons), Israel (X tons), Iraq (X tons) and Oman (X tons) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Morocco (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X) constitutes the largest market for imported extruded solid rubber rods and profiles in MENA, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by Iran, with a X% share.

In Morocco, extruded solid rubber rod imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Iran (X% per year).

Import Prices by Country

In 2023, the import price in MENA amounted to $X per ton, dropping by X% against the previous year. In general, the import price showed a mild downturn. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The level of import peaked at $X per ton in 2020; however, from 2021 to 2023, import prices failed to regain momentum.

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

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

Source: IndexBox Platform