Saudi Arabia: Market for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium 2024

Market Size for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Saudi Arabia

In 2022, after two years of growth, there was significant decline in the Saudi magnesium hydroxide and peroxide market, when its value decreased by 99.9% to less than $X. In general, consumption continues to indicate tangible growth. Over the period under review, the market reached the peak level at $X in 2021, and then dropped sharply in the following year.

Production of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Saudi Arabia

In value terms, magnesium hydroxide and peroxide production totaled less than $X in 2022 estimated in export price. Overall, production enjoyed significant growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by 129,605,500% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Exports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Exports from Saudi Arabia

In 2021, approx. X tons of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium were exported from Saudi Arabia; falling by -23.7% on 2020. Over the period under review, exports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2015 with an increase of 541%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, magnesium hydroxide and peroxide exports plummeted to $X in 2021. In general, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 332%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for magnesium hydroxide and peroxide exports from Saudi Arabia, accounting for a approx. 50% share of total exports.

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

In value terms, Germany ($X) emerged as the key foreign market for hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium exports from Saudi Arabia.

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

Export Prices by Country

The average magnesium hydroxide and peroxide export price stood at $X per ton in 2021, with an increase of 1.6% against the previous year. In general, the export price, however, saw a deep reduction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 6.9% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Egypt amounted to -19.9% per year.

Imports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Imports into Saudi Arabia

In 2022, the amount of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium imported into Saudi Arabia fell notably to X kg, which is down by -16.7% compared with the year before. In general, imports saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 100%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, magnesium hydroxide and peroxide imports dropped to $X in 2022. Overall, imports recorded a precipitous decline. The pace of growth was the most pronounced in 2015 when imports increased by 89%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Austria (X kg) was the main supplier of magnesium hydroxide and peroxide to Saudi Arabia, with a 90% share of total imports. Moreover, magnesium hydroxide and peroxide imports from Austria exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Austria amounted to -61.0%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium to Saudi Arabia, comprising 67% of total imports. The second position in the ranking was held by Austria ($X), with a 24% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates stood at -60.3%.

Import Prices by Country

The average magnesium hydroxide and peroxide import price stood at $X per ton in 2022, increasing by 15% against the previous year. Over the period under review, the import price continues to indicate a prominent increase. The growth pace was the most rapid in 2021 when the average import price increased by 968%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

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 Arab Emirates ($X per ton), while the price for Austria stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+52.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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