Saudi Arabia: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in Saudi Arabia

The Saudi double or complex silicates market contracted remarkably to $X in 2021, waning by -36.9% against the previous year. In general, consumption showed a abrupt decline. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Double Or Complex Silicates in Saudi Arabia

In value terms, double or complex silicates production shrank notably to $X in 2021 estimated in export price. Overall, production faced a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 507% against the previous year. Double or complex silicates production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Double Or Complex Silicates

Exports from Saudi Arabia

For the fifth year in a row, Saudi Arabia recorded decline in overseas shipments of double or complex silicates, which decreased by -77.2% to X tons in 2021. Overall, exports saw a abrupt descent. The pace of growth was the most pronounced in 2013 when exports increased by 401% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, double or complex silicates exports declined markedly to $X in 2021. In general, exports recorded a perceptible descent. The most prominent rate of growth was recorded in 2013 when exports increased by 265%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for double or complex silicates exports from Saudi Arabia, accounting for a 2,144% share of total exports. Moreover, double or complex silicates exports to Italy exceeded the volume sent to the second major destination, Kuwait (X tons), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy was relatively modest.

In value terms, Italy ($X) emerged as the key foreign market for double or complex silicates exports from Saudi Arabia, comprising 1,129,652% of total exports. The second position in the ranking was taken by Kuwait ($X), with a 66% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Italy was relatively modest.

Export Prices by Country

In 2021, the average double or complex silicates export price amounted to $X per ton, growing by 37% against the previous year. Over the period under review, the export price saw a strong increase. The most prominent rate of growth was recorded in 2014 an increase of 133%. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Kuwait stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Double Or Complex Silicates

Imports into Saudi Arabia

In 2021, overseas purchases of double or complex silicates decreased by -29.7% to X tons, falling for the fourth consecutive year after six years of growth. Over the period under review, imports, however, posted a prominent increase. The growth pace was the most rapid in 2013 when imports increased by 83%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, double or complex silicates imports declined significantly to $X in 2021. In general, imports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 340%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Bosnia and Herzegovina (X tons) and Germany (X tons) were the main suppliers of double or complex silicates imports to Saudi Arabia.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +29.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of double or complex silicates to Saudi Arabia, comprising 31% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by Bosnia and Herzegovina, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan totaled +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+23.2% per year) and Bosnia and Herzegovina (+5.8% per year).

Import Prices by Country

In 2021, the average double or complex silicates import price amounted to $X per ton, with an increase of 19% against the previous year. In general, the import price enjoyed a pronounced expansion. The pace of growth was the most pronounced in 2017 when the average import price increased by 218% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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