Report Update Nov 1, 2024

Saudi Arabia - Biodiesel - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Biodiesel Market 2024

Biodiesel Market Size in Saudi Arabia

The Saudi biodiesel market skyrocketed to $X in 2021, picking up by 178% against the previous year. Over the period under review, consumption enjoyed a noticeable increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Biodiesel Production in Saudi Arabia

In value terms, biodiesel production dropped to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 35% against the previous year. Biodiesel production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Biodiesel Exports

Exports from Saudi Arabia

Biodiesel exports from Saudi Arabia contracted dramatically to X tons in 2021, shrinking by -66.7% compared with the previous year's figure. In general, exports, however, showed a prominent expansion. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, biodiesel exports contracted markedly to $X in 2021. Overall, exports, however, enjoyed a resilient expansion. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Belgium (X tons) was the main destination for biodiesel exports from Saudi Arabia, with a approx. 1,223% share of total exports.

From 2013 to 2020, the average annual rate of growth in terms of volume to Belgium was relatively modest.

From 2013 to 2020, the average annual growth rate of value to Belgium was relatively modest.

Export Prices by Country

In 2020, the average biodiesel export price amounted to $X per ton, almost unchanged from the previous year. Overall, the export price saw a noticeable decrease. The growth pace was the most rapid in 2018 when the average export price decreased by 99.9% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2020, the export prices stood at a somewhat lower figure.

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

From 2013 to 2020, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.

Biodiesel Imports

Imports into Saudi Arabia

In 2021, imports of biodiesel into Saudi Arabia soared to X tons, growing by 363% on the previous year's figure. Overall, imports showed a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of 825% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, biodiesel imports surged to $X in 2021. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 430% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Belgium (X tons), Thailand (X tons) and Singapore (X kg) were the main suppliers of biodiesel imports to Saudi Arabia, with a combined 47% share of total imports.

From 2012 to 2020, the biggest increases were recorded for Singapore (with a CAGR of -1.6%), while purchases for the other leaders experienced a decline.

In value terms, Thailand ($X) constituted the largest supplier of biodiesel to Saudi Arabia, comprising 47% of total imports. The second position in the ranking was held by Belgium ($X), with an 18% share of total imports.

From 2012 to 2020, the average annual growth rate of value from Thailand amounted to -5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-16.4% per year) and Singapore (-39.8% per year).

Import Prices by Country

The average biodiesel import price stood at $X per ton in 2020, picking up by 230% against the previous year. Overall, the import price, however, recorded a dramatic shrinkage. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2020, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Thailand (+13.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for biodiesel in the world?

The countries with the highest volumes of biodiesel consumption in 2020 were Indonesia, the U.S. and Brazil, with a combined 44% share of global consumption. These countries were followed by France, Germany, Italy, Thailand, Spain, the UK, Argentina, the Netherlands, Malaysia and Poland, which together accounted for a further 38%.

What are the largest producers of biodiesel in the world?

The countries with the highest volumes of biodiesel production in 2020 were Indonesia, the U.S. and Brazil, with a combined 43% share of global production. Germany, France, Spain, the Netherlands, Thailand, Argentina, Malaysia, Italy, China and Poland lagged somewhat behind, together comprising a further 40%.

What are the leading suppliers of biodiesel to Saudi Arabia?

In value terms, Thailand constituted the largest supplier of biodiesel to Saudi Arabia, comprising 68% of total imports. The second position in the ranking was occupied by Belgium, with a 26% share of total imports.

What is the average export price for biodiesel in Saudi Arabia?

The average biodiesel export price stood at $1,204 per ton in 2020, with an increase of 141% against the previous year.

What is the average import price for biodiesel in Saudi Arabia?

In 2020, the average biodiesel import price amounted to $1,952 per ton, growing by 23% against the previous year.

This report provides an in-depth analysis of the biodiesel 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 20595997 - Biofuels (diesel substitute)

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