Saudi Arabia: Market for Industrial Monocarboxylic Fatty Acids 2025

Market Size for Industrial Monocarboxylic Fatty Acids in Saudi Arabia

After four years of growth, the Saudi industrial monocarboxylic fatty acids market decreased by -5.2% to $X in 2021. In general, consumption, however, showed a temperate increase. Over the period under review, the market attained the peak level at $X in 2020, and then fell in the following year.

Production of Industrial Monocarboxylic Fatty Acids in Saudi Arabia

In value terms, industrial monocarboxylic fatty acids production dropped to $X in 2021 estimated in export price. Overall, production, however, showed a measured increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 72%. Industrial monocarboxylic fatty acids production peaked at $X in 2020, and then shrank in the following year.

Exports of Industrial Monocarboxylic Fatty Acids

Exports from Saudi Arabia

In 2021, industrial monocarboxylic fatty acids exports from Saudi Arabia skyrocketed to X tons, with an increase of 188% against 2020 figures. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 361% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, industrial monocarboxylic fatty acids exports surged to $X in 2021. In general, exports showed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X tons), the United Arab Emirates (X tons) and the United States (X tons) were the main destinations of industrial monocarboxylic fatty acids exports from Saudi Arabia, together comprising 77% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +118.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for industrial monocarboxylic fatty acids exports from Saudi Arabia, comprising 66% of total exports. The second position in the ranking was taken by Turkey ($X), with an 11% share of total exports. It was followed by Kuwait, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates amounted to +130.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+65.1% per year) and Kuwait (-12.9% per year).

Export Prices by Country

In 2021, the average industrial monocarboxylic fatty acids export price amounted to $X per ton, increasing by 111% against the previous year. In general, the export price, however, showed a abrupt downturn. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to India ($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 Oman (+18.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Monocarboxylic Fatty Acids

Imports into Saudi Arabia

In 2021, imports of industrial monocarboxylic fatty acids into Saudi Arabia shrank slightly to X tons, standing approx. at the previous year's figure. Over the period under review, imports showed a abrupt decrease. The pace of growth was the most pronounced in 2017 when imports increased by 111% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, industrial monocarboxylic fatty acids imports rose rapidly to $X in 2021. In general, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2017 when imports increased by 169%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X tons), India (X tons) and Egypt (X tons) were the main suppliers of industrial monocarboxylic fatty acids imports to Saudi Arabia, together comprising 57% of total imports. Malaysia, the United Arab Emirates, Belgium and Indonesia lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +57.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), the United States ($X) and the United Arab Emirates ($X) appeared to be the largest industrial monocarboxylic fatty acids suppliers to Saudi Arabia, with a combined 60% share of total imports. Malaysia, Belgium, Egypt and Indonesia lagged somewhat behind, together comprising a further 23%.

Indonesia, with a CAGR of +53.9%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average industrial monocarboxylic fatty acids import price stood at $X per ton in 2021, surging by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2013 when the average import price increased by 29% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+57.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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