Saudi Arabia: Acetic Anhydride Market 2025

Acetic Anhydride Market Size in Saudi Arabia

The Saudi acetic anhydride market contracted significantly to $X in 2021, falling by -89.2% against the previous year. Overall, consumption saw a deep downturn. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Acetic Anhydride Production in Saudi Arabia

In value terms, acetic anhydride production rose modestly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -20.4% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 52% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Acetic Anhydride Exports

Exports from Saudi Arabia

In 2021, the amount of acetic anhydride exported from Saudi Arabia skyrocketed to X tons, growing by 133% compared with the year before. Over the period under review, exports recorded noticeable growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, acetic anhydride exports surged to $X in 2021. In general, exports enjoyed a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X tons) was the main destination for acetic anhydride exports from Saudi Arabia, with a 66% share of total exports. Moreover, acetic anhydride exports to India exceeded the volume sent to the second major destination, Belgium (X tons), fivefold. The Netherlands (X tons) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India totaled +13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+21.7% per year) and the Netherlands (-3.7% per year).

In value terms, India ($X) remains the key foreign market for acetic anhydride exports from Saudi Arabia, comprising 60% of total exports. The second position in the ranking was held by Belgium ($X), with a 14% share of total exports. It was followed by the Netherlands, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India amounted to +25.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+25.7% per year) and the Netherlands (+1.3% per year).

Export Prices by Country

In 2021, the average acetic anhydride export price amounted to $X per ton, jumping by 35% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the average export price increased by 36%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+66.0%), while the prices for the other major destinations experienced more modest paces of growth.

Acetic Anhydride Imports

Imports into Saudi Arabia

In 2021, the amount of acetic anhydride imported into Saudi Arabia totaled X kg, leveling off at the previous year's figure. In general, imports faced a precipitous decrease. The smallest decline of -59.7% was in 2013. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, acetic anhydride imports amounted to $X in 2021. Overall, imports faced a significant contraction. The smallest decline of -22.4% was in 2013. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X kg) constituted the largest supplier of acetic anhydride to Saudi Arabia, with a 53% share of total imports. Moreover, acetic anhydride imports from Germany exceeded the figures recorded by the second-largest supplier, Mexico (X kg), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at -92.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (0.0% per year) and Spain (0.0% per year).

In value terms, Germany ($X), Spain ($X) and Mexico ($X) were the largest acetic anhydride suppliers to Saudi Arabia.

Mexico, with a CAGR of 0.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average acetic anhydride import price stood at $X per ton in 2021, stabilizing at the previous year. In general, the import price enjoyed buoyant growth. The pace of growth was the most pronounced in 2013 when the average import price increased by 92%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+15.8%).

Source: IndexBox Platform

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