Middle East: Market for Natural Rubber And Gums 2024

Market Size for Natural Rubber And Gums in the Middle East

The Middle Eastern natural rubber and gum market surged to $X in 2022, growing by X% against the previous year. In general, consumption posted a measured increase. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Natural Rubber And Gums in the Middle East

In value terms, natural rubber and gum production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

The United Arab Emirates (X tons) remains the largest natural rubber and gum producing country in the Middle East, comprising approx. X% of total volume. Moreover, natural rubber and gum production in the United Arab Emirates exceeded the figures recorded by the second-largest producer, Saudi Arabia (X tons), more than tenfold.

In the United Arab Emirates, natural rubber and gum production remained relatively stable over the period from 2012-2022.

Exports of Natural Rubber And Gums

Exports in the Middle East

In 2022, shipments abroad of natural rubber and gums decreased by X% to X tons, falling for the second consecutive year after three years of growth. Overall, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, natural rubber and gum exports dropped notably to $X in 2022. Over the period under review, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates was the major exporting country with an export of about X tons, which amounted to X% of total exports. Turkey (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Kuwait (X%).

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Kuwait (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. The United Arab Emirates (X p.p.), Turkey (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest natural rubber and gum supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Kuwait (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, surging by X% against the previous year. Export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, natural rubber and gum export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Natural Rubber And Gums

Imports in the Middle East

In 2022, natural rubber and gum imports in the Middle East rose sharply to X tons, with an increase of X% against 2021 figures. Overall, imports recorded a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, natural rubber and gum imports rose markedly to $X in 2022. In general, imports continue to indicate a pronounced increase. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The purchases of the two major importers of natural rubber and gums, namely Iran and Turkey, represented more than two-thirds of total import.

From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of X%).

In value terms, the largest natural rubber and gum importing markets in the Middle East were Turkey ($X) and Iran ($X).

Iran, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while Iran amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%).

Source: IndexBox Platform

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