Key Market Indicators
Emirati import and export of natural rubber is expected to fall in the coming years. According to a recent report, import of natural rubber is forecast to reach $822,000 by 2026, declining by an average of 21.3% year on year from 2021. Additionally, export is estimated to be $261,000 in 2021, a decrease of 34.9% compared to 2020. Since 2012, Emirati demand for natural rubber has been decreasing, with a total drop of 25.6% year on year. In 2021, the country was ranked 53rd in terms of import, with Saudi Arabia taking the lead at $3.1 million. The United States, Malaysia and Japan followed, coming in at numbers 2, 3 and 4 respectively. For export, Japan took the lead at $261,000 in 2021, with Indonesia, the Ivory Coast and Malaysia occupying the next spots. Emirati exports declined by 24% year on year since 2012. In 2021, the country was ranked 58th in the global rankings.