Saudi Arabia: Market for Rubber-to-Metal and Moulded Articles 2024

Market Size for Rubber-to-Metal and Moulded Articles in Saudi Arabia

The Saudi rubber-to-metal and moulded article market surged to $X in 2023, rising by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Rubber-to-metal and moulded article consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Rubber-to-Metal and Moulded Articles in Saudi Arabia

In value terms, rubber-to-metal and moulded article production reduced modestly to $X in 2023 estimated in export price. Over the period under review, the total production indicated a modest increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2023, production growth remained at a somewhat lower figure.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Saudi Arabia

Rubber-to-metal and moulded article exports from Saudi Arabia surged to X tons in 2023, with an increase of X% compared with 2022 figures. Overall, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports 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 skyrocketed to $X in 2023. Over the period under review, exports saw a resilient increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Kuwait (X tons) was the main destination for rubber-to-metal and moulded article exports from Saudi Arabia, with a X% share of total exports. Moreover, rubber-to-metal and moulded article exports to Kuwait exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), sixfold.

From 2012 to 2023, the average annual rate of growth in terms of volume to Kuwait totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Bahrain (X% per year).

From 2012 to 2023, the average annual rate of growth in terms of value to Kuwait totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Bahrain (X% per year).

Export Prices by Country

In 2023, the average rubber-to-metal and moulded article export price amounted to $X per ton, reducing by X% against the previous year. In general, the export price showed a perceptible setback. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2023, the export prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rubber-to-Metal and Moulded Articles

Imports into Saudi Arabia

In 2023, overseas purchases of rubber-to-metal and moulded articles decreased by X% to X tons, falling for the second year in a row after three years of growth. In general, imports posted a notable expansion. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, rubber-to-metal and moulded article imports totaled $X in 2023. Over the period under review, imports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and Japan (X tons) were the main suppliers of rubber-to-metal and moulded article imports to Saudi Arabia, together accounting for X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Thailand ($X) and the United States ($X) constituted the largest rubber-to-metal and moulded article suppliers to Saudi Arabia, together accounting for X% of total imports.

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

Import Prices by Country

The average rubber-to-metal and moulded article import price stood at $X per ton in 2023, remaining constant against the previous year. In general, the import price showed modest growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. The import price peaked in 2023 and is likely to see steady growth in the near future.

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

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

Source: IndexBox Platform