Extruded Rod Market in the United Arab Emirates
Market Overview
In 
, the extruded rod market in the United Arab Emirates decreased by -% to $ for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption continues to indicate a drastic downturn. Extruded rod consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.
In value terms, extruded rod production stood at $ in estimated in export price. In general, production, however, saw a deep setback. The most prominent rate of growth was recorded in 2011 with an increase of %. Extruded rod production peaked at $ in 2007; however, from 2008 to , production failed to regain momentum.
, the extruded rod market in the United Arab Emirates decreased by -% to $ for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption continues to indicate a drastic downturn. Extruded rod consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.In value terms, extruded rod production stood at $
in estimated in export price. In general, production, however, saw a deep setback. The most prominent rate of growth was recorded in 2011 with an increase of %. Extruded rod production peaked at $ in 2007; however, from 2008 to , production failed to regain momentum.Consumption
In , the amount of extruded rods and profile shapes of cellular vulcanised rubber consumed in the United Arab Emirates declined dramatically to tons, reducing by -% compared with . In general, consumption saw a abrupt contraction. Extruded rod consumption peaked at tons in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
The size of the extruded rod market in the United Arab Emirates dropped rapidly 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). Overall, consumption saw a abrupt decrease. Extruded rod consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
, the amount of extruded rods and profile shapes of cellular vulcanised rubber consumed in the United Arab Emirates declined dramatically to tons, reducing by -% compared with . In general, consumption saw a abrupt contraction. Extruded rod consumption peaked at tons in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.The size of the extruded rod market in the United Arab Emirates dropped rapidly 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). Overall, consumption saw a abrupt decrease. Extruded rod consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for extruded rod in the United Arab Emirates, 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 .Market Structure
The growth in the share of the United Arab Emirates imports of in the extruded rod market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.
% in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.Trade Balance
The United Arab Emirates remains a net exporter of extruded rod; 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 surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, 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 surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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