Middle East's Vulcanized Rubber Tubes, Pipes, and Hoses Market to Grow at +0.9% CAGR through 2035 - News and Statistics - IndexBox

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IndexBox has just published a new report: Middle East - Tubes, Pipes And Hoses Of Vulcanized Rubber - Market Analysis, Forecast, Size, Trends and Insights.

The Middle East market for tubes, pipes, and hoses of vulcanized rubber is expected to experience steady growth over the next decade, with a forecasted increase in market volume to 234K tons and market value to $4.1B by the end of 2035. Market performance is anticipated to have a CAGR of +0.9% in terms of volume and +3.1% in terms of value from 2024 to 2035.

Driven by increasing demand for tubes, pipes and hoses of vulcanized rubber in the Middle East, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.9% for the period from 2024 to 2035, which is projected to bring the market volume to 234K tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.1% for the period from 2024 to 2035, which is projected to bring the market value to $4.1B (in nominal wholesale prices) by the end of 2035.

In 2024, consumption of tubes, pipes and hoses of vulcanized rubber decreased by -3.7% to 213K tons for the first time since 2016, thus ending a seven-year rising trend. The total consumption indicated a moderate increase from 2013 to 2024: its volume increased at an average annual rate of +4.4% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +64.8% against 2016 indices. The volume of consumption peaked at 221K tons in 2023, and then shrank modestly in the following year.

The revenue of the rubber tube and pipe market in the Middle East reduced notably to $3B in 2024, which is down by -37% 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, however, saw a prominent increase. The level of consumption peaked at $7.8B in 2021; however, from 2022 to 2024, consumption remained at a lower figure.

Turkey (131K tons) constituted the country with the largest volume of rubber tube and pipe consumption, comprising approx. 61% of total volume. Moreover, rubber tube and pipe consumption in Turkey exceeded the figures recorded by the second-largest consumer, the United Arab Emirates (29K tons), fourfold. The third position in this ranking was held by Israel (20K tons), with a 9.4% share.

In Turkey, rubber tube and pipe consumption increased at an average annual rate of +4.8% over the period from 2013-2024. The remaining consuming countries recorded the following average annual rates of consumption growth: the United Arab Emirates (+6.0% per year) and Israel (+6.8% per year).

In value terms, Turkey ($2.5B) led the market, alone. The second position in the ranking was held by the United Arab Emirates ($159M). It was followed by Israel.

From 2013 to 2024, the average annual growth rate of value in Turkey amounted to +15.2%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+6.1% per year) and Israel (+7.0% per year).

The countries with the highest levels of rubber tube and pipe per capita consumption in 2024 were the United Arab Emirates (2.9 kg per person), Israel (2.1 kg per person) and Turkey (1.5 kg per person).

From 2013 to 2024, the biggest increases were recorded for Israel (with a CAGR of +5.0%), while consumption for the other leaders experienced more modest paces of growth.

Rubber tube and pipe production amounted to 207K tons in 2024, approximately mirroring the year before. The total output volume increased at an average annual rate of +3.1% over the period from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when the production volume increased by 19%. Over the period under review, production reached the peak volume at 207K tons in 2022; however, from 2023 to 2024, production remained at a lower figure.

In value terms, rubber tube and pipe production shrank significantly to $3B in 2024 estimated in export price. Over the period under review, production continues to indicate prominent growth. The growth pace was the most rapid in 2020 when the production volume increased by 353%. Over the period under review, production reached the maximum level at $8B in 2021; however, from 2022 to 2024, production remained at a lower figure.

Turkey (182K tons) constituted the country with the largest volume of rubber tube and pipe production, accounting for 88% of total volume. Moreover, rubber tube and pipe production in Turkey exceeded the figures recorded by the second-largest producer, Israel (19K tons), tenfold.

In Turkey, rubber tube and pipe production expanded at an average annual rate of +2.6% over the period from 2013-2024. The remaining producing countries recorded the following average annual rates of production growth: Israel (+6.5% per year) and Kuwait (+28.7% per year).

In 2024, after three years of growth, there was significant decline in supplies from abroad of tubes, pipes and hoses of vulcanized rubber, when their volume decreased by -11.6% to 80K tons. Total imports indicated temperate growth from 2013 to 2024: its volume increased at an average annual rate of +2.6% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports increased by +53.9% against 2018 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 48% against the previous year. Over the period under review, imports hit record highs at 91K tons in 2023, and then dropped in the following year.

In value terms, rubber tube and pipe imports contracted remarkably to $582M in 2024. Total imports indicated a perceptible increase from 2013 to 2024: its value increased at an average annual rate of +2.9% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports increased by +38.7% against 2020 indices. The most prominent rate of growth was recorded in 2023 with an increase of 29%. As a result, imports attained the peak of $700M, and then reduced sharply in the following year.

The United Arab Emirates was the largest importer of tubes, pipes and hoses of vulcanized rubber in the Middle East, with the volume of imports resulting at 32K tons, which was approx. 39% of total imports in 2024. Turkey (18K tons) ranks second in terms of the total imports with a 22% share, followed by Saudi Arabia (19%) and Iran (6.7%). Iraq (3.6K tons), Israel (1.8K tons) and Jordan (1.4K tons) followed a long way behind the leaders.

From 2013 to 2024, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Jordan (with a CAGR of +6.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($184M), the United Arab Emirates ($176M) and Saudi Arabia ($110M) appeared to be the countries with the highest levels of imports in 2024, together comprising 81% of total imports. Israel, Iran, Iraq and Jordan lagged somewhat behind, together accounting for a further 12%.

Jordan, with a CAGR of +7.7%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

In 2024, the import price in the Middle East amounted to $7,252 per ton, with a decrease of -6% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the import price increased by 34%. The level of import peaked at $8,270 per ton in 2018; however, from 2019 to 2024, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2024, amid the top importers, the country with the highest price was Israel ($14,269 per ton), while Iran ($4,318 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+2.8%), while the other leaders experienced more modest paces of growth.

In 2024, shipments abroad of tubes, pipes and hoses of vulcanized rubber decreased by -3% to 75K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Over the period under review, the exports reached the maximum at 99K tons in 2022; however, from 2023 to 2024, the exports stood at a somewhat lower figure.

In value terms, rubber tube and pipe exports shrank to $589M in 2024. Total exports indicated a noticeable increase from 2013 to 2024: its value increased at an average annual rate of +2.9% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, exports decreased by -7.9% against 2022 indices. The growth pace was the most rapid in 2021 when exports increased by 36% against the previous year. Over the period under review, the exports hit record highs at $640M in 2022; however, from 2023 to 2024, the exports remained at a lower figure.

Turkey prevails in exports structure, amounting to 69K tons, which was near 93% of total exports in 2024. The United Arab Emirates (2.5K tons) and Bahrain (1.4K tons) followed a long way behind the leaders.

Turkey experienced a relatively flat trend pattern with regard to volume of exports of tubes, pipes and hoses of vulcanized rubber. At the same time, Bahrain (+13.6%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +13.6% from 2013-2024. By contrast, the United Arab Emirates (-3.9%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (-1.7 p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($546M) remains the largest rubber tube and pipe supplier in the Middle East, comprising 93% of total exports. The second position in the ranking was taken by the United Arab Emirates ($20M), with a 3.4% share of total exports.

In Turkey, rubber tube and pipe exports increased at an average annual rate of +3.0% over the period from 2013-2024. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (-0.3% per year) and Bahrain (+21.2% per year).

The export price in the Middle East stood at $7,898 per ton in 2024, falling by -4.2% against the previous year. Export price indicated a notable expansion from 2013 to 2024: its price increased at an average annual rate of +3.0% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, rubber tube and pipe export price increased by +33.6% against 2020 indices. The growth pace was the most rapid in 2023 when the export price increased by 28% against the previous year. As a result, the export price reached the peak level of $8,245 per ton, and then declined slightly in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2024, amid the top suppliers, the country with the highest price was Bahrain ($9,565 per ton), while Turkey ($7,899 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Bahrain (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for rubber tube and pipe in the Middle East. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and Its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Exports

The Latest Trends and Insights into The Industry

The Largest Importers on The Market and How They Succeed

The Largest Exporters on The Market and How They Succeed

The Largest Producers on The Market and Their Profiles

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