United Arab Emirates: Synthetic Latex Rubber Market 2024

Synthetic Latex Rubber Market Size in the United Arab Emirates

The synthetic latex rubber market in the United Arab Emirates contracted markedly to $X in 2022, reducing by X% 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 a perceptible decline. As a result, consumption reached the peak level of $X, and then reduced remarkably in the following year.

Synthetic Latex Rubber Exports

Exports from the United Arab Emirates

In 2022, approx. X tons of synthetic latex rubber were exported from the United Arab Emirates; increasing by X% on the previous year's figure. In general, exports enjoyed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, synthetic latex rubber exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia (X tons) was the main destination for synthetic latex rubber exports from the United Arab Emirates, accounting for a X% share of total exports. Moreover, synthetic latex rubber exports to Saudi Arabia exceeded the volume sent to the second major destination, Iraq (X tons), twofold. Oman (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (X% per year) and Oman (X% per year).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for synthetic latex rubber exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was taken by Qatar ($X), with a X% share of total exports. It was followed by Egypt, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (X% per year) and Egypt (X% per year).

Export Prices by Country

The average synthetic latex rubber export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price saw a temperate increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Latex Rubber Imports

Imports into the United Arab Emirates

In 2022, after three years of growth, there was significant decline in purchases abroad of synthetic latex rubber, when their volume decreased by X% to X tons. Over the period under review, imports, however, showed a tangible expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then dropped sharply in the following year.

In value terms, synthetic latex rubber imports reduced to $X in 2022. Overall, imports, however, saw a temperate increase. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then fell in the following year.

Imports by Country

India (X tons), Saudi Arabia (X tons) and Germany (X tons) were the main suppliers of synthetic latex rubber imports to the United Arab Emirates, together accounting for X% of total imports. Spain, Poland, Indonesia, the Netherlands, the United States and Belgium lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of X.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Germany ($X) and Saudi Arabia ($X) were the largest synthetic latex rubber suppliers to the United Arab Emirates, together comprising X% of total imports. Poland, Spain, the United States, Indonesia, the Netherlands and Belgium lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Poland, with a CAGR of X.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average synthetic latex rubber import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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