Saudi Arabia: Market for Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals 2024

Market Size for Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals in Saudi Arabia

The Saudi market for chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals skyrocketed to $X in 2021, increasing by 18% against the previous year. Over the period under review, consumption showed a buoyant increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals in Saudi Arabia

In value terms, production of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals skyrocketed to $X in 2021 estimated in export price. In general, production recorded a strong increase. The pace of growth was the most pronounced in 2013 with an increase of 74% against the previous year. Production of peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals

Exports from Saudi Arabia

In 2021, after two years of growth, there was significant decline in overseas shipments of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals, when their volume decreased by -86.8% to X tons. Overall, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2019 with an increase of 946% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals fell significantly to $X in 2021. In general, exports saw a abrupt decline. The pace of growth was the most pronounced in 2015 when exports increased by 3,023% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

South Korea (X tons) was the main destination for exports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals from Saudi Arabia, with a 76% share of total exports. Moreover, exports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals to South Korea exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), fivefold. Kuwait (X kg) ranked third in terms of total exports with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Korea stood at +82.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-29.3% per year) and Kuwait (-23.9% per year).

In value terms, South Korea ($X) remains the key foreign market for chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals exports from Saudi Arabia, comprising 73% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 11% share of total exports. It was followed by Bahrain, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to South Korea stood at +46.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-25.6% per year) and Bahrain (+26.2% per year).

Export Prices by Country

In 2021, the average export price for chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals amounted to $X per ton, reducing by -23.2% against the previous year. In general, the export price, however, showed a strong increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 296%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Bahrain ($X per ton), while the average price for exports to Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals

Imports into Saudi Arabia

In 2021, after two years of decline, there was decline in supplies from abroad of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals, when their volume decreased by 0% to X tons. Over the period under review, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2014 when imports increased by 239%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals stood at $X in 2021. In general, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2014 when imports increased by 160%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest chlorides and phosphorus oxychloride and halides supplier to Saudi Arabia, accounting for a 72% share of total imports. Moreover, imports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), eightfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +12.4%.

In value terms, China ($X) constituted the largest supplier of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals to Saudi Arabia, comprising 65% of total imports. The second position in the ranking was held by Russia ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +24.4%.

Import Prices by Country

The average import price for chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. In general, the import price continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2015 when the average import price increased by 26% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Korea ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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