Saudi Arabia: Cement Clinker Market 2024

Cement Clinker Market Size in Saudi Arabia

In 2022, after three years of growth, there was decline in the Saudi cement clinker market, when its value decreased by -4.8% to $X. In general, consumption continues to indicate a slight contraction. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Cement Clinker Production in Saudi Arabia

In value terms, cement clinker production contracted to $X in 2022 estimated in export price. Overall, production showed a slight contraction. The most prominent rate of growth was recorded in 2021 with an increase of 15%. Cement clinker production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Cement Clinker Exports

Exports from Saudi Arabia

In 2022, the amount of cement clinker exported from Saudi Arabia contracted to X tons, shrinking by -14.6% compared with the previous year's figure. Overall, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 57% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, cement clinker exports fell sharply to $X in 2022. Over the period under review, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by 77% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Jordan (X tons) was the main destination for cement clinker exports from Saudi Arabia, accounting for a 58% share of total exports. Moreover, cement clinker exports to Jordan exceeded the volume sent to the second major destination, the United States (X tons), fourfold. Tanzania (X tons) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Jordan stood at +41.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-51.5% per year) and Tanzania (+22.5% per year).

In value terms, Jordan ($X) remains the key foreign market for cement clinker exports from Saudi Arabia, comprising 60% of total exports. The second position in the ranking was taken by the United States ($X), with a 9.3% share of total exports. It was followed by Mozambique, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Jordan stood at +38.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-35.2% per year) and Mozambique (+20.5% per year).

Export Prices by Country

In 2022, the average cement clinker export price amounted to $X per ton, reducing by -8.3% against the previous year. Overall, the export price continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2013 an increase of 165% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to the United States ($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 Benin (+35.5%), while the prices for the other major destinations experienced more modest paces of growth.

Cement Clinker Imports

Imports into Saudi Arabia

In 2019, after two years of decline, there was decline in overseas purchases of cement clinker, when their volume decreased by 0% to X tons. Overall, imports saw a sharp setback. The pace of growth appeared the most rapid in 2013 with an increase of 1,232%. As a result, imports attained the peak of X tons. From 2014 to 2019, the growth of imports remained at a somewhat lower figure.

In value terms, cement clinker imports stood at $X in 2019. In general, imports faced a precipitous setback. The most prominent rate of growth was recorded in 2013 with an increase of 725% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2019, the growth of imports failed to regain momentum.

Imports by Country

In 2019, the United Arab Emirates (X tons) was the main cement clinker supplier to Saudi Arabia, with a approx. 94% share of total imports.

From 2012 to 2019, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to -49.4%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of cement clinker to Saudi Arabia.

From 2012 to 2019, the average annual growth rate of value from the United Arab Emirates totaled -46.7%.

Import Prices by Country

In 2019, the average cement clinker import price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the import price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2015 when the average import price increased by 57%. The import price peaked at $X per ton in 2016; however, from 2017 to 2019, import prices failed to regain momentum.

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

From 2012 to 2019, the rate of growth in terms of prices for Iran amounted to +46.9% per year.

Source: IndexBox Platform

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