Report Update Nov 1, 2024

Saudi Arabia - Aramids Staple - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Aramids Staple Market 2024

Aramids Staple Market Size in Saudi Arabia

The Saudi aramids staple market fell rapidly to $X in 2021, waning by -60.1% against the previous year. Over the period under review, consumption showed a perceptible downturn. As a result, consumption reached the peak level of $X, and then contracted significantly in the following year.

Aramids Staple Production in Saudi Arabia

In value terms, aramids staple production fell to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 39%. As a result, production attained the peak level of $X, and then dropped in the following year.

Aramids Staple Exports

Exports from Saudi Arabia

In 2021, overseas shipments of aramids staple decreased by 0% to X tons, falling for the second consecutive year after two years of decline. In general, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 10% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, aramids staple exports totaled $X in 2021. Overall, exports enjoyed a tangible expansion. The smallest decline of -17.9% was in 2017. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Egypt (X tons) was the main destination for aramids staple exports from Saudi Arabia, accounting for a approx. 100% share of total exports.

From 2015 to 2021, the average annual rate of growth in terms of volume to Egypt amounted to -5.1%.

From 2015 to 2021, the average annual rate of growth in terms of value to Egypt stood at +5.2%.

Export Prices by Country

The average aramids staple export price stood at $X per ton in 2021, remaining constant against the previous year. In general, the export price showed a strong increase. The pace of growth appeared the most rapid in 2016 a decrease of -3.6%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in the near future.

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

From 2015 to 2021, the rate of growth in terms of prices for Egypt amounted to +10.9% per year.

Aramids Staple Imports

Imports into Saudi Arabia

In 2021, aramids staple imports into Saudi Arabia shrank sharply to X kg, which is down by -75.2% on the year before. Overall, imports recorded a noticeable reduction. Over the period under review, imports reached the maximum at X tons in 2020, and then dropped notably in the following year.

In value terms, aramids staple imports reduced remarkably to $X in 2021. In general, imports showed a abrupt curtailment. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Japan (X kg) constituted the largest supplier of aramids staple to Saudi Arabia, with a 84% share of total imports. Moreover, aramids staple imports from Japan exceeded the figures recorded by the second-largest supplier, China (X kg), more than tenfold. The third position in this ranking was held by India (X kg), with a 5.1% share.

From 2015 to 2021, the average annual growth rate of volume from Japan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-77.6% per year) and India (-52.9% per year).

In value terms, Japan ($X) constituted the largest supplier of aramids staple to Saudi Arabia, comprising 70% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by India, with a 9.6% share.

From 2015 to 2021, the average annual rate of growth in terms of value from Japan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-44.6% per year) and India (-55.0% per year).

Import Prices by Country

The average aramids staple import price stood at $X per ton in 2021, rising by 228% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decrease. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was India ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

From 2015 to 2021, the most notable rate of growth in terms of prices was attained by India (+2,954.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for aramids staple in the world?

The countries with the highest volumes of aramids staple consumption in 2020 were China, Japan and Spain, together accounting for 34% of global consumption. These countries were followed by Belgium, Germany, Turkey, Italy, the Netherlands, Pakistan, India, the United States, Taiwan Chinese) and South Korea, which together accounted for a further 48%.

What are the largest producers of aramids staple in the world?

The countries with the highest volumes of aramids staple production in 2020 were Spain, South Korea and Thailand, together accounting for 69% of global production. These countries were followed by France, Japan, Slovakia and the United States, which together accounted for a further 27%.

What are the leading suppliers of aramids staple to Saudi Arabia?

In value terms, China and South Korea were the largest aramids staple suppliers to Saudi Arabia.

What is the average export price for aramids staple in Saudi Arabia?

In 2019, the average aramids staple export price amounted to $14,752 per ton, growing by 13% against the previous year.

What is the average import price for aramids staple in Saudi Arabia?

The average aramids staple import price stood at $1,055 per ton in 2020, remaining constant against the previous year.

This report provides an in-depth analysis of the aramids staple 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 20601110 - Aramids staple, not carded, combed or otherwise processed for spinning

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