Saudi Arabia: Market for Mixed Alkylbenzenes, Mixed Alkylnaphthalenes 2024

Market Size for Mixed Alkylbenzenes, Mixed Alkylnaphthalenes in Saudi Arabia

The Saudi mixed alkylbenzenes, mixed alkylnaphthalenes market skyrocketed to $X in 2021, with an increase of 144% against the previous year. In general, consumption posted resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Mixed Alkylbenzenes, Mixed Alkylnaphthalenes in Saudi Arabia

In value terms, mixed alkylbenzenes, mixed alkylnaphthalenes production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when the production volume increased by 31%. Mixed alkylbenzenes, mixed alkylnaphthalenes production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Mixed Alkylbenzenes, Mixed Alkylnaphthalenes

Exports from Saudi Arabia

In 2021, mixed alkylbenzenes, mixed alkylnaphthalenes exports from Saudi Arabia reduced markedly to X tons, which is down by -40.2% compared with 2020. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 46%. As a result, the exports reached the peak of X tons, and then dropped notably in the following year.

In value terms, mixed alkylbenzenes, mixed alkylnaphthalenes exports contracted rapidly to $X in 2021. Overall, exports continue to indicate a perceptible decline. The growth pace was the most rapid in 2020 when exports increased by 25%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for mixed alkylbenzenes, mixed alkylnaphthalenes exports from Saudi Arabia, with a 62% share of total exports. Moreover, mixed alkylbenzenes, mixed alkylnaphthalenes exports to India exceeded the volume sent to the second major destination, Pakistan (X tons), threefold. South Africa (X tons) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India amounted to +13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+14.6% per year) and South Africa (-0.6% per year).

In value terms, India ($X) remains the key foreign market for mixed alkylbenzenes, mixed alkylnaphthalenes exports from Saudi Arabia, comprising 57% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 21% share of total exports. It was followed by South Africa, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India stood at +6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+8.4% per year) and South Africa (-6.4% per year).

Export Prices by Country

In 2021, the average mixed alkylbenzenes, mixed alkylnaphthalenes export price amounted to $X per ton, increasing by 13% against the previous year. In general, the export price, however, showed a noticeable shrinkage. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to China ($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 Egypt (-1.2%), while the prices for the other major destinations experienced a decline.

Imports of Mixed Alkylbenzenes, Mixed Alkylnaphthalenes

Imports into Saudi Arabia

In 2017, purchases abroad of mixed alkylbenzenes, mixed alkylnaphthalenes decreased by -52.9% to X tons for the first time since 2014, thus ending a two-year rising trend. Overall, imports recorded a deep slump. The pace of growth appeared the most rapid in 2015 with an increase of 44%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2017, imports failed to regain momentum.

In value terms, mixed alkylbenzenes, mixed alkylnaphthalenes imports shrank significantly to $X in 2017. In general, imports showed a deep slump. The growth pace was the most rapid in 2016 when imports increased by 18% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2017, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), Belgium (X tons) and the United Arab Emirates (X tons) were the main suppliers of mixed alkylbenzenes, mixed alkylnaphthalenes imports to Saudi Arabia, with a combined 75% share of total imports. Moreover, mixed alkylbenzenes, mixed alkylnaphthalenes imports in Italy exceeded the figures recorded by the second-largest supplier, Belgium, fivefold.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +76.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Belgium ($X) and South Africa ($X) constituted the largest mixed alkylbenzenes, mixed alkylnaphthalenes suppliers to Saudi Arabia, together comprising 75% of total imports. Moreover, mixed alkylbenzenes, mixed alkylnaphthalenes imports in Italy exceeded the figures recorded by the second-largest supplier, Belgium, threefold.

Among the main suppliers, Belgium, with a CAGR of +35.3%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the average mixed alkylbenzenes, mixed alkylnaphthalenes import price amounted to less than $X per ton, remaining stable against the previous year. In general, the import price showed a pronounced contraction. The growth pace was the most rapid in 2017 an increase of 37%. 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 Belgium ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (-5.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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