Saudi Arabia: Market for Lauric Acid And Other Acids, Their Salts And Esters 2025

Market Size for Lauric Acid And Other Acids, Their Salts And Esters in Saudi Arabia

After three years of growth, the Saudi market for lauric acid and other acids, their salts and esters decreased by -16% to $X in 2021. In general, consumption, however, recorded notable growth. Consumption of peaked at $X in 2020, and then dropped markedly in the following year.

Exports of Lauric Acid And Other Acids, Their Salts And Esters

Exports from Saudi Arabia

In 2021, the amount of lauric acid and other acids, their salts and esters exported from Saudi Arabia dropped markedly to X tons, shrinking by -55.9% compared with 2020. Over the period under review, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2013 with an increase of 303% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of lauric acid and other acids, their salts and esters declined notably to $X in 2021. Overall, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2013 when exports increased by 276% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Syrian Arab Republic (X tons) was the main destination for exports of lauric acid and other acids, their salts and esters from Saudi Arabia, with a 79% share of total exports. Moreover, exports of lauric acid and other acids, their salts and esters to Syrian Arab Republic exceeded the volume sent to the second major destination, Malaysia (X tons), ninefold. India (X tons) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2021, the average annual growth rate of volume to Syrian Arab Republic stood at -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-11.1% per year) and India (-21.1% per year).

In value terms, Syrian Arab Republic ($X) remains the key foreign market for lauric acid and other acids, their salts and esters exports from Saudi Arabia, comprising 83% of total exports. The second position in the ranking was taken by India ($X), with a 6.8% share of total exports. It was followed by Malaysia, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value to Syrian Arab Republic stood at -1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-20.2% per year) and Malaysia (-23.3% per year).

Export Prices by Country

The average export price for lauric acid and other acids, their salts and esters stood at $X per ton in 2021, with an increase of 55% against the previous year. Overall, the export price continues to indicate mild growth. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Jordan ($X per ton), while the average price for exports to Malaysia ($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 Jordan (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lauric Acid And Other Acids, Their Salts And Esters

Imports into Saudi Arabia

In 2021, after two years of growth, there was significant decline in purchases abroad of lauric acid and other acids, their salts and esters, when their volume decreased by -30.6% to X tons. Overall, imports, however, showed a modest increase. The pace of growth appeared the most rapid in 2014 when imports increased by 39%. Imports peaked at X tons in 2020, and then shrank dramatically in the following year.

In value terms, imports of lauric acid and other acids, their salts and esters fell to $X in 2021. In general, total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -21.2% against 2018 indices. The pace of growth was the most pronounced in 2016 when imports increased by 34%. Over the period under review, imports of attained the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Belgium (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of imports of lauric acid and other acids, their salts and esters to Saudi Arabia, together accounting for 42% of total imports. These countries were followed by India, Taiwan (Chinese), China, the Netherlands and the United Arab Emirates, which together accounted for a further 32%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +20.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lauric acid and other acids, their salts and esters suppliers to Saudi Arabia were Belgium ($X), Germany ($X) and the United States ($X), with a combined 64% share of total imports.

Belgium, with a CAGR of +18.8%, recorded 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

In 2021, the average import price for lauric acid and other acids, their salts and esters amounted to $X per ton, growing by 23% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2015 an increase of 42%. The import price peaked at $X per ton in 2018; however, from 2019 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 Germany ($X per ton), while the price for Malaysia ($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 United States (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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