Market for Rubber-to-Metal and Moulded Article in Saudi Arabia
Market Overview
In 
, the Saudi rubber-to-metal and moulded article market increased by % to $, rising for the third year in a row after three years of decline. Overall, consumption enjoyed a buoyant expansion. Rubber-to-metal and moulded article consumption peaked in and is expected to retain growth in years to come.
, the Saudi rubber-to-metal and moulded article market increased by % to $, rising for the third year in a row after three years of decline. Overall, consumption enjoyed a buoyant expansion. Rubber-to-metal and moulded article consumption peaked in and is expected to retain growth in years to come.Consumption
In , consumption of rubber-to-metal and moulded articles increased by % to tons, rising for the fourth year in a row after three years of decline. Over the period under review, consumption enjoyed a buoyant increase. Rubber-to-metal and moulded article consumption peaked in and is likely to continue growth in years to come.
The revenue of the rubber-to-metal and moulded article market in Saudi Arabia stood at $ in , standing approx. 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). Overall, consumption enjoyed resilient growth. Rubber-to-metal and moulded article consumption peaked in and is likely to see steady growth in the immediate term.
, consumption of rubber-to-metal and moulded articles increased by % to tons, rising for the fourth year in a row after three years of decline. Over the period under review, consumption enjoyed a buoyant increase. Rubber-to-metal and moulded article consumption peaked in and is likely to continue growth in years to come.The revenue of the rubber-to-metal and moulded article market in Saudi Arabia stood at $
in , standing approx. 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). Overall, consumption enjoyed resilient growth. Rubber-to-metal and moulded article consumption peaked in and is likely to see steady growth in the immediate term.Market Forecast
Driven by increasing demand for rubber-to-metal and moulded articles 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 .Market Structure
Rubber-to-metal and moulded article market in Saudi Arabia consists almost entirely of imported products.
Trade Balance
Saudi Arabia remains a net importer of rubber-to-metal and moulded article; 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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