Saudi Arabia: Market for Inorganic Oxygen Compounds Of Non-Metals 2024

Market Size for Inorganic Oxygen Compounds Of Non-Metals in Saudi Arabia

In 2021, after four years of growth, there was significant decline in the Saudi market for inorganic oxygen compounds of non-metals, when its value decreased by -25.3% to $X. Overall, consumption, however, recorded resilient growth. As a result, consumption reached the peak level of $X, and then shrank dramatically in the following year.

Production of Inorganic Oxygen Compounds Of Non-Metals in Saudi Arabia

In value terms, inorganic oxygen compounds of non-metals production declined dramatically to $X in 2021 estimated in export price. Overall, production, however, recorded a strong increase. The growth pace was the most rapid in 2020 when the production volume increased by 103% against the previous year. As a result, production attained the peak level of $X, and then reduced markedly in the following year.

Exports of Inorganic Oxygen Compounds Of Non-Metals

Exports from Saudi Arabia

Inorganic oxygen compounds of non-metals exports from Saudi Arabia skyrocketed to X tons in 2021, increasing by 107% against the previous year's figure. Overall, exports recorded measured growth. The growth pace was the most rapid in 2019 when exports increased by 356%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, inorganic oxygen compounds of non-metals exports surged to $X in 2021. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Bahrain (X tons) was the main destination for inorganic oxygen compounds of non-metals exports from Saudi Arabia, accounting for a 44% share of total exports. Moreover, inorganic oxygen compounds of non-metals exports to Bahrain exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume to Bahrain amounted to +63.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+28.1% per year) and Jordan (-18.6% per year).

In value terms, Bahrain ($X) emerged as the key foreign market for inorganic oxygen compounds of non-metals exports from Saudi Arabia, comprising 78% of total exports. The second position in the ranking was held by Jordan ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Bahrain totaled +94.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+10.4% per year) and the United Arab Emirates (+44.3% per year).

Export Prices by Country

In 2021, the average export price for inorganic oxygen compounds of non-metals amounted to $X per ton, picking up by 179% against the previous year. Over the period under review, the export price posted significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Jordan ($X per ton), while the average price for exports to the United Arab Emirates ($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 India (+764.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Inorganic Oxygen Compounds Of Non-Metals

Imports into Saudi Arabia

Inorganic oxygen compounds of non-metals imports into Saudi Arabia fell significantly to X tons in 2013, declining by -44.4% against the previous year's figure. Over the period under review, imports showed a precipitous decrease. Over the period under review, imports hit record highs at X tons in 2012, and then dropped rapidly in the following year.

In value terms, inorganic oxygen compounds of non-metals imports fell significantly to $X in 2013. Overall, imports saw a dramatic decrease. Imports peaked at $X in 2012, and then fell notably in the following year.

Imports by Country

The United Arab Emirates (X tons), India (X tons) and Hungary (X tons) were the main suppliers of inorganic oxygen compounds of non-metals imports to Saudi Arabia, with a combined 38% share of total imports. Moreover, inorganic oxygen compounds of non-metals imports in the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India, threefold.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of 0.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest inorganic oxygen compounds of non-metals suppliers to Saudi Arabia were the United Arab Emirates ($X), Hungary ($X) and India ($X), with a combined 38% share of total imports.

India, with a CAGR of 0.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for inorganic oxygen compounds of non-metals amounted to less than $X per ton, standing approx. at the previous year. Overall, the import price continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2013 when the average import price decreased by -2.9%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+30.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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