Non-Reinforced Rubber Tubing Market in Saudi Arabia
Market Overview
The Saudi non-reinforced rubber tubing market fell remarkably to $
in , reducing 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 showed mild growth. Over the period under review, the market hit record highs at $ in 2017; however, from 2018 to , consumption remained at a lower figure.
In value terms, non-reinforced rubber tubing production contracted markedly to $ in estimated in export price. Over the period under review, production recorded a noticeable reduction. The most prominent rate of growth was recorded in with an increase of % against the previous year. Over the period under review, production reached the peak level at $ in 2017; however, from 2018 to , production failed to regain momentum.
in , reducing 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 showed mild growth. Over the period under review, the market hit record highs at $ in 2017; however, from 2018 to , consumption remained at a lower figure.In value terms, non-reinforced rubber tubing production contracted markedly to $
in estimated in export price. Over the period under review, production recorded a noticeable reduction. The most prominent rate of growth was recorded in with an increase of % against the previous year. Over the period under review, production reached the peak level at $ in 2017; however, from 2018 to , production failed to regain momentum.Consumption
Non-reinforced rubber tubing consumption in Saudi Arabia expanded modestly to tons in , with an increase of % on the previous year's figure. In general, consumption recorded a resilient expansion. Non-reinforced rubber tubing consumption peaked at tons in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.
The revenue of the non-reinforced rubber tubing market in Saudi Arabia amounted to $ in , growing 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 recorded a slight increase. Over the period under review, the market attained the peak level at $ in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.
tons in , with an increase of % on the previous year's figure. In general, consumption recorded a resilient expansion. Non-reinforced rubber tubing consumption peaked at tons in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.The revenue of the non-reinforced rubber tubing market in Saudi Arabia amounted to $
in , growing 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 recorded a slight increase. Over the period under review, the market attained the peak level at $ in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.Market Forecast
Driven by increasing demand for rubber tubing not reinforced in Saudi Arabia, the market is expected to continue an upward consumption trend over the next eight-year period. 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 .Trade Balance
Saudi Arabia remains a net importer of non-reinforced rubber tubing; 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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