Middle East: Market for Rubber-to-Metal and Moulded Articles 2024

Market Size for Rubber-to-Metal and Moulded Articles in the Middle East

The Middle Eastern rubber-to-metal and moulded article market rose notably to $X in 2023, surging by X% against the previous year. Overall, consumption continues to indicate prominent growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Production of Rubber-to-Metal and Moulded Articles in the Middle East

In value terms, rubber-to-metal and moulded article production rose notably to $X in 2023 estimated in export price. Over the period under review, production posted a buoyant expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Exports of Rubber-to-Metal and Moulded Articles

Exports in the Middle East

In 2023, approx. X tons of rubber-to-metal and moulded articles were exported in the Middle East; increasing by X% on the year before. The total export volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, rubber-to-metal and moulded article exports expanded significantly to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2013 when exports increased by X%. The level of export peaked in 2023 and is likely to continue growth in years to come.

Exports by Country

Turkey dominates exports structure, finishing at X tons, which was near X% of total exports in 2023. The United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to rubber-to-metal and moulded article exports from Turkey stood at X%. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest rubber-to-metal and moulded article supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

In Turkey, rubber-to-metal and moulded article exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2023, increasing by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Imports of Rubber-to-Metal and Moulded Articles

Imports in the Middle East

In 2023, the amount of rubber-to-metal and moulded articles imported in the Middle East stood at X tons, growing by X% on the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in years to come.

In value terms, rubber-to-metal and moulded article imports rose significantly to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the near future.

Imports by Country

Turkey was the major importer of rubber-to-metal and moulded articles in the Middle East, with the volume of imports reaching X tons, which was near X% of total imports in 2023. It was distantly followed by the United Arab Emirates (X tons), Saudi Arabia (X tons) and Iraq (X tons), together mixing up a X% share of total imports. Israel (X tons), Iran (X tons), Kuwait (X tons), Oman (X tons), Yemen (X tons), Jordan (X tons) and Qatar (X tons) took a relatively small share of total imports.

From 2012 to 2023, average annual rates of growth with regard to rubber-to-metal and moulded article imports into Turkey stood at X%. At the same time, Qatar (X%), Jordan (X%), the United Arab Emirates (X%), Saudi Arabia (X%) and Yemen (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2023. Oman, Israel and Iraq experienced a relatively flat trend pattern. By contrast, Iran (X%) and Kuwait (X%) illustrated a downward trend over the same period. Turkey (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total imports, while Iraq, Iran and Kuwait saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported rubber-to-metal and moulded articles in the Middle East, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an X% share of total imports. It was followed by Saudi Arabia, with an X% share.

In Turkey, rubber-to-metal and moulded article imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

In 2023, the import price in the Middle East amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Israel ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Iran (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform