Saudi Arabia: Anti-Freezing Preparations Market 2024

Anti-Freezing Preparations Market Size in Saudi Arabia

The Saudi anti-freezing preparations market dropped sharply to $X in 2021, with a decrease of -23.1% against the previous year. Overall, the total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +36.0% against 2019 indices. As a result, consumption reached the peak level of $X, and then reduced notably in the following year.

Anti-Freezing Preparations Production in Saudi Arabia

In value terms, anti-freezing preparations production contracted remarkably to $X in 2021 estimated in export price. Overall, the total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +39.6% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 79%. As a result, production reached the peak level of $X, and then reduced markedly in the following year.

Anti-Freezing Preparations Exports

Exports from Saudi Arabia

In 2021, shipments abroad of anti-freezing preparations and prepared de-icing fluids increased by 54% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports recorded a pronounced increase. The pace of growth appeared the most rapid in 2014 with an increase of 224%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, anti-freezing preparations exports surged to $X in 2021. In general, exports showed a temperate expansion. The pace of growth was the most pronounced in 2016 when exports increased by 158% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Pakistan (X tons), Egypt (X tons) and Oman (X tons) were the main destinations of anti-freezing preparations exports from Saudi Arabia, together accounting for 54% of total exports. Iraq, Yemen, Morocco, Kuwait, Tanzania, the United Arab Emirates and Jordan lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tanzania (with a CAGR of +461.1%), while the other leaders experienced more modest paces of growth.

In value terms, Tanzania ($X), Pakistan ($X) and Kuwait ($X) were the largest markets for anti-freezing preparations exported from Saudi Arabia worldwide, with a combined 44% share of total exports.

Tanzania, with a CAGR of +2,060.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average anti-freezing preparations export price stood at $X per ton in 2021, surging by 31% against the previous year. Over the period under review, the export price, however, showed a perceptible curtailment. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Tanzania ($X per ton), while the average price for exports to Egypt ($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 Tanzania (+285.2%), while the prices for the other major destinations experienced more modest paces of growth.

Anti-Freezing Preparations Imports

Imports into Saudi Arabia

After six years of growth, purchases abroad of anti-freezing preparations and prepared de-icing fluids decreased by -27.5% to X tons in 2021. Over the period under review, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 113%. Imports peaked at X tons in 2020, and then declined rapidly in the following year.

In value terms, anti-freezing preparations imports dropped to $X in 2021. In general, imports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of 60%. Over the period under review, imports reached the maximum at $X in 2020, and then fell in the following year.

Imports by Country

The United States (X tons), the United Arab Emirates (X tons) and Belgium (X tons) were the main suppliers of anti-freezing preparations imports to Saudi Arabia, with a combined 84% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +28.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of anti-freezing preparations and prepared de-icing fluids to Saudi Arabia, comprising 35% of total imports. The second position in the ranking was taken by Japan ($X), with a 15% share of total imports. It was followed by the United Arab Emirates, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +20.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+44.3% per year) and the United Arab Emirates (+24.6% per year).

Import Prices by Country

In 2021, the average anti-freezing preparations import price amounted to $X per ton, with an increase of 22% against the previous year. Overall, the import price, however, recorded a abrupt decrease. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+25.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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