Saudi Arabia: Acetone Market 2025

Acetone Market Size in Saudi Arabia

The Saudi acetone market dropped markedly to $X in 2021, waning by -95.5% against the previous year. In general, consumption showed a precipitous contraction. Acetone consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Acetone Production in Saudi Arabia

In value terms, acetone production surged to $X in 2021 estimated in export price. In general, production showed a remarkable increase. The pace of growth was the most pronounced in 2018 when the production volume increased by 74%. Acetone production peaked in 2021 and is likely to see steady growth in the near future.

Acetone Exports

Exports from Saudi Arabia

In 2021, the amount of acetone exported from Saudi Arabia skyrocketed to X tons, growing by 38% against the previous year. In general, exports saw a strong expansion. The growth pace was the most rapid in 2018 when exports increased by 91%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, acetone exports surged to $X in 2021. Overall, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2018 when exports increased by 97%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

China (X tons) was the main destination for acetone exports from Saudi Arabia, with a 63% share of total exports. Moreover, acetone exports to China exceeded the volume sent to the second major destination, Japan (X tons), sevenfold. The third position in this ranking was taken by the Netherlands (X tons), with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (0.0% per year) and the Netherlands (+37.4% per year).

In value terms, China ($X) remains the key foreign market for acetone exports from Saudi Arabia, comprising 66% of total exports. The second position in the ranking was held by the United States ($X), with a 7.9% share of total exports. It was followed by the Netherlands, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+48.7% per year) and the Netherlands (+41.7% per year).

Export Prices by Country

The average acetone export price stood at $X per ton in 2021, jumping by 28% against the previous year. In general, the export price recorded a modest expansion. The pace of growth appeared the most rapid in 2020 an increase of 41% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, 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 States ($X per ton), while the average price for exports to the United Arab Emirates ($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 (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Acetone Imports

Imports into Saudi Arabia

In 2021, the amount of acetone imported into Saudi Arabia stood at X tons, leveling off at the previous year. Overall, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2014 when imports increased by 80%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, acetone imports stood at $X in 2021. Over the period under review, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 52% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2017, Taiwan (Chinese) (X tons) constituted the largest acetone supplier to Saudi Arabia, accounting for a 67% share of total imports. Moreover, acetone imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold.

From 2012 to 2017, the average annual growth rate of volume from Taiwan (Chinese) totaled +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (0.0% per year) and Spain (0.0% per year).

In value terms, Spain ($X) constituted the largest supplier of acetone to Saudi Arabia, comprising 55% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 20% share of total imports.

From 2012 to 2017, the average annual rate of growth in terms of value from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+2.8% per year) and the United States (0.0% per year).

Import Prices by Country

In 2021, the average acetone import price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 26% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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