Saudi Arabia: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in Saudi Arabia

The Saudi rolled bitumen articles market fell modestly to $X in 2021, with a decrease of -3.7% against the previous year. Overall, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.3% 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 +46.5% against 2019 indices. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Rolled Bitumen Articles Production in Saudi Arabia

In value terms, rolled bitumen articles production reduced to $X in 2021 estimated in export price. Overall, production recorded a mild contraction. The pace of growth was the most pronounced in 2013 with an increase of 26%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Rolled Bitumen Articles Exports

Exports from Saudi Arabia

In 2021, the amount of articles of bitumen in rolls exported from Saudi Arabia dropped remarkably to X square meters, which is down by -21.8% on 2020 figures. In general, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2016 with an increase of 20% against the previous year. The exports peaked at X square meters in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, rolled bitumen articles exports shrank to $X in 2021. Overall, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2015 with an increase of 12% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X square meters), Kuwait (X square meters) and Oman (X square meters) were the main destinations of rolled bitumen articles exports from Saudi Arabia, together comprising 86% of total exports. Bahrain, Jordan, Yemen, Lebanon and Qatar lagged somewhat behind, together comprising a further 8.8%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Yemen (with a CAGR of +144.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Kuwait ($X) and Oman ($X) were the largest markets for rolled bitumen articles exported from Saudi Arabia worldwide, with a combined 87% share of total exports. Bahrain, Jordan, Yemen, Lebanon and Qatar lagged somewhat behind, together accounting for a further 8%.

Yemen, with a CAGR of +134.2%, recorded the highest growth rate of 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 rolled bitumen articles export price stood at $X per square meter in 2021, picking up by 13% against the previous year. Over the period under review, the export price, however, recorded a mild descent. Over the period under review, the average export prices hit record highs at $X per square meter in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per square meter), while the average price for exports to Yemen ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+1.5%), while the prices for the other major destinations experienced mixed trend patterns.

Rolled Bitumen Articles Imports

Imports into Saudi Arabia

In 2021, the amount of articles of bitumen in rolls imported into Saudi Arabia totaled X square meters, flattening at the year before. In general, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 122%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, rolled bitumen articles imports totaled $X in 2021. Over the period under review, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2013 with an increase of 85%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, the United States (X square meters) was the main supplier of rolled bitumen articles to Saudi Arabia, accounting for a approx. 95% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +63.0%.

In value terms, the United States ($X) constituted the largest supplier of articles of bitumen in rolls to Saudi Arabia.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +40.5%.

Import Prices by Country

The average rolled bitumen articles import price stood at $X per square meter in 2021, approximately equating the previous year. Overall, the import price continues to indicate a slight expansion. The growth pace was the most rapid in 2014 an increase of 7.6%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see steady growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for Singapore amounted to +1.2% per year.

Source: IndexBox Platform

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