Vulcanised Rubber Thread Market in Saudi Arabia
Market Overview
The Saudi vulcanised rubber thread market declined modestly to $
in , flattening 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, consumption, however, showed a perceptible descent. Vulcanised rubber thread consumption peaked at $ in 2009; however, from 2010 to , consumption stood at a somewhat lower figure.
In value terms, vulcanised rubber thread production contracted to $ in estimated in export price. In general, production, however, recorded a slight decrease. The pace of growth was the most pronounced in 2013 when the production volume increased by % against the previous year. Vulcanised rubber thread production peaked at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.
in , flattening 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, consumption, however, showed a perceptible descent. Vulcanised rubber thread consumption peaked at $ in 2009; however, from 2010 to , consumption stood at a somewhat lower figure.In value terms, vulcanised rubber thread production contracted to $
in estimated in export price. In general, production, however, recorded a slight decrease. The pace of growth was the most pronounced in 2013 when the production volume increased by % against the previous year. Vulcanised rubber thread production peaked at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.Consumption
In , approx. tons of vulcanised rubber thread and cord were consumed in Saudi Arabia; remaining relatively unchanged against the previous year's figure. Overall, consumption, however, showed a pronounced downturn. Vulcanised rubber thread consumption peaked at tons in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.
The value of the vulcanised rubber thread market in Saudi Arabia dropped slightly to $ in , approximately mirroring 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, recorded a pronounced descent. Vulcanised rubber thread consumption peaked at $ in 2009; however, from 2010 to , consumption remained at a lower figure.
, approx. tons of vulcanised rubber thread and cord were consumed in Saudi Arabia; remaining relatively unchanged against the previous year's figure. Overall, consumption, however, showed a pronounced downturn. Vulcanised rubber thread consumption peaked at tons in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.The value of the vulcanised rubber thread market in Saudi Arabia dropped slightly to $
in , approximately mirroring 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, recorded a pronounced descent. Vulcanised rubber thread consumption peaked at $ in 2009; however, from 2010 to , consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for vulcanised rubber thread in Saudi Arabia, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract 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 depress the market volume to tons by the end of .In value terms, the market is forecast to contract 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 .Trade Balance
Saudi Arabia remains a net exporter of vulcanised rubber thread; 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 $. 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 surplus 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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