Saudi Arabia: Market for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos 2024

Market Size for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Saudi Arabia

The Saudi market for articles of cellulose fibre-cement, not containing asbestos skyrocketed to $X in 2022, with an increase of 22% against the previous year. Over the period under review, consumption, however, recorded a significant increase. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Saudi Arabia

In value terms, production of articles of cellulose fibre-cement, not containing asbestos stood at $X in 2022 estimated in export price. Overall, production continues to indicate a significant increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 606% against the previous year. Over the period under review, production of attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Exports from Saudi Arabia

In 2022, shipments abroad of articles of cellulose fibre-cement, not containing asbestos decreased by -58.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of 6,402% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of articles of cellulose fibre-cement, not containing asbestos fell rapidly to $X in 2022. Overall, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by 3,848%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Jordan (X tons) was the main destination for exports of articles of cellulose fibre-cement, not containing asbestos from Saudi Arabia, with a 100% share of total exports. It was followed by Bahrain (X tons), with a 0.4% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Jordan amounted to +218.6%.

In value terms, Jordan ($X) emerged as the key foreign market for articles of cellulose fibre-cement, not containing asbestos exports from Saudi Arabia, comprising 99% of total exports. The second position in the ranking was taken by Bahrain ($X), with a 0.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Jordan amounted to +284.8%.

Export Prices by Country

The average export price for articles of cellulose fibre-cement, not containing asbestos stood at $X per ton in 2022, surging by 67% against the previous year. Overall, the export price, however, saw a perceptible contraction. The pace of growth was the most pronounced in 2015 when the average export price increased by 70% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to Bahrain amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+85.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Imports into Saudi Arabia

In 2021, supplies from abroad of articles of cellulose fibre-cement, not containing asbestos increased by 441% to X tons, rising for the fifth consecutive year after two years of decline. Overall, imports showed prominent growth. Over the period under review, imports of hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, imports of articles of cellulose fibre-cement, not containing asbestos skyrocketed to $X in 2021. In general, imports recorded a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest articles of cellulose fibre-cement, not containing asbestos supplier to Saudi Arabia, with a 70% share of total imports. Moreover, imports of articles of cellulose fibre-cement, not containing asbestos from China exceeded the figures recorded by the second-largest supplier, Egypt (X tons), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +21.2%.

In value terms, China ($X) constituted the largest supplier of articles of cellulose fibre-cement, not containing asbestos to Saudi Arabia, comprising 74% of total imports. The second position in the ranking was taken by Egypt ($X), with a 4.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +33.5%.

Import Prices by Country

The average import price for articles of cellulose fibre-cement, not containing asbestos stood at $X per ton in 2021, shrinking by -57.9% against the previous year. In general, the import price, however, showed resilient growth. The pace of growth was the most pronounced in 2015 when the average import price increased by 16% against the previous year. The import price peaked at $X per ton in 2020, and then contracted notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Egypt stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+38.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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