Unvulcanised Rubber Market in Saudi Arabia
Market Overview
The Saudi unvulcanised rubber market dropped 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). Overall, the total consumption indicated tangible growth from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2019 indices. As a result, consumption attained the peak level of $. From 2018 to , the growth of the market remained at a lower figure.
In value terms, unvulcanised rubber production contracted to $ in estimated in export price. In general, production continues to indicate pronounced growth. The growth pace was the most rapid in 2017 when the production volume increased by %. As a result, production reached the peak level of $. From 2018 to , production growth failed to regain momentum.
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). Overall, the total consumption indicated tangible growth from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2019 indices. As a result, consumption attained the peak level of $. From 2018 to , the growth of the market remained at a lower figure.In value terms, unvulcanised rubber production contracted to $
in estimated in export price. In general, production continues to indicate pronounced growth. The growth pace was the most rapid in 2017 when the production volume increased by %. As a result, production reached the peak level of $. From 2018 to , production growth failed to regain momentum.Consumption
In , consumption of unvulcanised rubber increased by % to tons, rising for the second consecutive year after three years of decline. Overall, the total consumption indicated a moderate increase from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by +% against indices. Over the period under review, consumption hit record highs at tons in 2017; however, from 2018 to , consumption remained at a lower figure.
The revenue of the unvulcanised rubber market in Saudi Arabia amounted to $ in , stabilizing at 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, the total consumption indicated pronounced growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2019 indices. As a result, consumption reached the peak level of $. From 2018 to , the growth of the market failed to regain momentum.
, consumption of unvulcanised rubber increased by % to tons, rising for the second consecutive year after three years of decline. Overall, the total consumption indicated a moderate increase from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by +% against indices. Over the period under review, consumption hit record highs at tons in 2017; however, from 2018 to , consumption remained at a lower figure.The revenue of the unvulcanised rubber market in Saudi Arabia amounted to $
in , stabilizing at 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, the total consumption indicated pronounced growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2019 indices. As a result, consumption reached the peak level of $. From 2018 to , the growth of the market failed to regain momentum.Market Forecast
Driven by increasing demand for unvulcanised rubber in Saudi Arabia, 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
Over the period under review, imports of unvulcanised rubber in Saudi Arabia were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for unvulcanised rubber.
Trade Balance
Saudi Arabia remains a net exporter of unvulcanised rubber; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $.
. In , there was a significant trade surplus of tons, which was equal to $.
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