Market for Rubber-to-Metal and Moulded Article in the United Arab Emirates
Market Overview
The rubber-to-metal and moulded article market in the United Arab Emirates was finally on the rise to reach $
in , after two years of decline. In general, consumption showed a notable expansion. Over the period under review, the market attained the peak level at $ in 2015; however, from 2016 to , consumption stood at a somewhat lower figure.
in , after two years of decline. In general, consumption showed a notable expansion. Over the period under review, the market attained the peak level at $ in 2015; however, from 2016 to , consumption stood at a somewhat lower figure.Consumption
In , consumption of rubber-to-metal and moulded articles increased by % to tons, rising for the second year in a row after two years of decline. In general, the total consumption indicated moderate growth 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 increased by +% against indices. Rubber-to-metal and moulded article consumption peaked at tons in 2015; however, from 2016 to , consumption failed to regain momentum.
The value of the rubber-to-metal and moulded article market in the United Arab Emirates totaled $ in , increasing 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 noticeable growth. Over the period under review, the market reached the peak level at $ in 2015; however, from 2016 to , consumption stood at a somewhat lower figure.
, consumption of rubber-to-metal and moulded articles increased by % to tons, rising for the second year in a row after two years of decline. In general, the total consumption indicated moderate growth 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 increased by +% against indices. Rubber-to-metal and moulded article consumption peaked at tons in 2015; however, from 2016 to , consumption failed to regain momentum.The value of the rubber-to-metal and moulded article market in the United Arab Emirates totaled $
in , increasing 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 noticeable growth. Over the period under review, the market reached the peak level at $ in 2015; however, from 2016 to , consumption stood at a somewhat lower figure.Market Forecast
Driven by increasing demand for rubber-to-metal and moulded articles in the United Arab Emirates, 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
Rubber-to-metal and moulded article market in the United Arab Emirates consists almost entirely of imported products.
Trade Balance
The United Arab Emirates 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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