Saudi Arabia: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in Saudi Arabia

In 2022, the Saudi halogenated hydrocarbon derivative market increased by 0.5% to $X, rising for the sixth consecutive year after two years of decline. Over the period under review, consumption showed a significant increase. Halogenated hydrocarbon derivative consumption peaked in 2022 and is expected to retain growth in the immediate term.

Halogenated Hydrocarbon Derivative Production in Saudi Arabia

In value terms, halogenated hydrocarbon derivative production rose modestly to $X in 2022 estimated in export price. Over the period under review, production posted a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 64%. Halogenated hydrocarbon derivative production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Halogenated Hydrocarbon Derivative Exports

Exports from Saudi Arabia

In 2022, halogenated hydrocarbon derivative exports from Saudi Arabia reached X tons, picking up by 6.3% on the previous year. Overall, total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -8.1% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 36% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, halogenated hydrocarbon derivative exports reduced remarkably to $X in 2022. In general, exports posted a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. As a result, the exports reached the peak of $X, and then contracted significantly in the following year.

Exports by Country

India (X tons) was the main destination for halogenated hydrocarbon derivative exports from Saudi Arabia, accounting for a 55% share of total exports. Moreover, halogenated hydrocarbon derivative exports to India exceeded the volume sent to the second major destination, Thailand (X tons), threefold. The third position in this ranking was taken by Pakistan (X tons), with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume to India totaled +11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+3.3% per year) and Pakistan (+29.3% per year).

In value terms, India ($X) remains the key foreign market for halogenated derivatives of hydrocarbons exports from Saudi Arabia, comprising 63% of total exports. The second position in the ranking was taken by Thailand ($X), with a 14% share of total exports. It was followed by Pakistan, with a 9.5% share.

From 2012 to 2022, the average annual growth rate of value to India stood at +19.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+6.3% per year) and Pakistan (+38.6% per year).

Export Prices by Country

The average halogenated hydrocarbon derivative export price stood at $X per ton in 2022, dropping by -21.4% against the previous year. In general, the export price, however, continues to indicate a measured expansion. The growth pace was the most rapid in 2021 an increase of 72% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced dramatically in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to China ($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 Pakistan (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Halogenated Hydrocarbon Derivative Imports

Imports into Saudi Arabia

Halogenated hydrocarbon derivative imports into Saudi Arabia shrank to X tons in 2022, with a decrease of -13.7% against the year before. Over the period under review, imports saw a pronounced slump. The pace of growth appeared the most rapid in 2021 with an increase of 38% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, halogenated hydrocarbon derivative imports dropped to $X in 2022. In general, imports continue to indicate a pronounced slump. The pace of growth was the most pronounced in 2019 with an increase of 28% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), the United States (X tons) and India (X tons) were the main suppliers of halogenated hydrocarbon derivative imports to Saudi Arabia, with a combined 91% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +1.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), China ($X) and India ($X) constituted the largest halogenated hydrocarbon derivative suppliers to Saudi Arabia, together comprising 96% of total imports.

In terms of the main suppliers, the United States, with a CAGR of +0.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average halogenated hydrocarbon derivative import price amounted to $X per ton, increasing by 4.4% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 34% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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