Saudi Arabia: Market for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like 2024

Market Size for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Saudi Arabia

The Saudi articles of fiber cement market amounted to $X in 2022, remaining constant against the previous year. In general, the total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.1% against 2020 indices. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Saudi Arabia

In value terms, articles of fiber cement production reached $X in 2022 estimated in export price. Over the period under review, the total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.7% against 2019 indices. The growth pace was the most rapid in 2013 when the production volume increased by 116% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Exports from Saudi Arabia

After two years of growth, overseas shipments of articles of asbestos-cement, cellulose fiber-cement or the like decreased by -19.8% to X tons in 2022. In general, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 1,827% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, articles of fiber cement exports fell rapidly to $X in 2022. Over the period under review, exports, however, posted prominent growth. The growth pace was the most rapid in 2017 when exports increased by 2,284% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for articles of fiber cement exports from Saudi Arabia, accounting for a 41% share of total exports. Moreover, articles of fiber cement exports to the United Arab Emirates exceeded the volume sent to the second major destination, the UK (X tons), twofold. Jordan (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +9.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+95.1% per year) and Jordan (-5.4% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for articles of asbestos-cement, cellulose fiber-cement or the like exports from Saudi Arabia, comprising 56% of total exports. The second position in the ranking was taken by the UK ($X), with a 14% share of total exports. It was followed by Egypt, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at +12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+113.6% per year) and Egypt (+24.2% per year).

Export Prices by Country

The average articles of fiber cement export price stood at $X per ton in 2022, with a decrease of -4.6% against the previous year. Overall, the export price recorded a pronounced slump. The growth pace was the most rapid in 2013 when the average export price increased by 138% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, 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 Arab Emirates ($X per ton), while the average price for exports to Jordan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+29.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Imports into Saudi Arabia

In 2022, purchases abroad of articles of asbestos-cement, cellulose fiber-cement or the like decreased by -55.7% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports recorded a precipitous contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 29,628%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, articles of fiber cement imports expanded markedly to $X in 2022. Over the period under review, imports showed a deep downturn. The growth pace was the most rapid in 2019 when imports increased by 14,231% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest articles of fiber cement supplier to Saudi Arabia, with a 40% share of total imports. Moreover, articles of fiber cement imports from Germany exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +2.2%.

In value terms, Germany ($X) constituted the largest supplier of articles of asbestos-cement, cellulose fiber-cement or the like to Saudi Arabia, comprising 43% of total imports. The second position in the ranking was held by India ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +21.0%.

Import Prices by Country

In 2022, the average articles of fiber cement import price amounted to $X per ton, picking up by 144% against the previous year. In general, the import price enjoyed a significant expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by 2,916% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for Germany stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+29.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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