Report Update Nov 1, 2024

Saudi Arabia - Adipic Acid, Its Salts and Esters - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Adipic Acid Market 2024

Adipic Acid Market Size in Saudi Arabia

The Saudi adipic acid market declined to $X in 2022, dropping by -9.2% against the previous year. Overall, consumption, however, recorded a resilient increase. Adipic acid consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Adipic Acid Production in Saudi Arabia

In value terms, adipic acid production dropped to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of 78% against the previous year. Adipic acid production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Adipic Acid Exports

Exports from Saudi Arabia

In 2022, shipments abroad of adipic acid, its salts and esters decreased by 0% to X tons, falling for the second consecutive year after five years of growth. In general, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 200%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, adipic acid exports totaled $X in 2022. Overall, exports enjoyed strong growth. The growth pace was the most rapid in 2018 when exports increased by 250%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for adipic acid exports from Saudi Arabia, accounting for a approx. 31% share of total exports.

From 2014 to 2022, the average annual growth rate of volume to the UK was relatively modest.

From 2014 to 2022, the average annual rate of growth in terms of value to the UK was relatively modest.

Export Prices by Country

In 2022, the average adipic acid export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price showed a perceptible slump. The growth pace was the most rapid in 2016 an increase of 71%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2014 to 2022, the rate of growth in terms of prices for Indonesia amounted to -14.7% per year.

Adipic Acid Imports

Imports into Saudi Arabia

In 2021, approx. X tons of adipic acid, its salts and esters were imported into Saudi Arabia; remaining stable against the year before. Overall, imports showed a significant increase. The pace of growth appeared the most rapid in 2015 when imports increased by 2,429% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, adipic acid imports stood at $X in 2021. Over the period under review, imports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2015 when imports increased by 1,728%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest adipic acid supplier to Saudi Arabia, with a 80% share of total imports. Moreover, adipic acid imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of adipic acid, its salts and esters to Saudi Arabia, comprising 73% of total imports. The second position in the ranking was held by the UK ($X), with an 8.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest.

Import Prices by Country

In 2021, the average adipic acid import price amounted to $X per ton, leveling off at the previous year. Overall, the import price continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2016 a decrease of -21.3% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-5.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for adipic acid, its salts and esters in the world?

China remains the largest adipic acid consuming country worldwide, accounting for 23% of total volume. Moreover, adipic acid consumption in China exceeded the figures recorded by the second-largest consumer, the U.S., twofold. India ranked third in terms of total consumption with a 9.4% share.

What are the largest producers of adipic acid, its salts and esters in the world?

The country with the largest volume of adipic acid production was China, accounting for 28% of total volume. Moreover, adipic acid production in China exceeded the figures recorded by the second-largest producer, the U.S., twofold. The third position in this ranking was occupied by India, with a 9.2% share.

What are the leading suppliers of adipic acid, its salts and esters to Saudi Arabia?

In value terms, the U.S. constituted the largest supplier of adipic acid to Saudi Arabia.

What is the average export price for adipic acid, its salts and esters in Saudi Arabia?

The average adipic acid export price stood at $5,835 per ton in 2020, with an increase of 184% against the previous year.

This report provides an in-depth analysis of the adipic acid market in Saudi Arabia. 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.

Product coverage:

Prodcom 20143385 - Adipic acid, its salts and esters

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023