Reclaimed Rubber Market in the United Arab Emirates
Market Overview
The reclaimed rubber market in the United Arab Emirates shrank significantly to $
in , which is down by -% 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). In general, consumption, however, continues to indicate a resilient increase. Reclaimed rubber consumption peaked at $ in , and then shrank significantly in the following year.
In value terms, reclaimed rubber production declined rapidly to $ in estimated in export price. Over the period under review, production, however, saw prominent growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by % against the previous year. As a result, production attained the peak level of $. From to , production growth remained at a somewhat lower figure.
in , which is down by -% 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). In general, consumption, however, continues to indicate a resilient increase. Reclaimed rubber consumption peaked at $ in , and then shrank significantly in the following year.In value terms, reclaimed rubber production declined rapidly to $
in estimated in export price. Over the period under review, production, however, saw prominent growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by % against the previous year. As a result, production attained the peak level of $. From to , production growth remained at a somewhat lower figure.Consumption
Reclaimed rubber consumption in the United Arab Emirates declined to tons in , waning by -% against the previous year's figure. In general, consumption, however, recorded buoyant growth. Reclaimed rubber consumption peaked at tons in 2019; however, from to , consumption failed to regain momentum.
The size of the reclaimed rubber market in the United Arab Emirates plummeted to $ in , waning by -% 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, however, continues to indicate strong growth. Over the period under review, the market reached the peak level at $ in , and then dropped sharply in the following year.
tons in , waning by -% against the previous year's figure. In general, consumption, however, recorded buoyant growth. Reclaimed rubber consumption peaked at tons in 2019; however, from to , consumption failed to regain momentum.The size of the reclaimed rubber market in the United Arab Emirates plummeted to $
in , waning by -% 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, however, continues to indicate strong growth. Over the period under review, the market reached the peak level at $ in , and then dropped sharply in the following year.Market Forecast
Driven by increasing demand for reclaimed rubber in the United Arab Emirates, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Reclaimed rubber market in the United Arab Emirates remained dependent on supplies from foreign countries. In , the share of imports in total consumption was % in value terms and % in physical terms. Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in . The United Arab Emirates domestic supply is expected to continue its growth.
, the share of imports in total consumption was % in value terms and % in physical terms. Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in . The United Arab Emirates domestic supply is expected to continue its growth.Trade Balance
The United Arab Emirates remains a net importer of reclaimed rubber; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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