Saudi Arabia: Monophenols Market 2024

Monophenols Market Size in Saudi Arabia

The Saudi monophenols market surged to $X in 2021, jumping by 79% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a perceptible slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Monophenols Exports

Exports from Saudi Arabia

In 2021, approx. X tons of monophenols were exported from Saudi Arabia; waning by -54% against the previous year. In general, exports continue to indicate a dramatic setback. The pace of growth appeared the most rapid in 2018 when exports increased by 181% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, monophenols exports fell significantly to $X in 2021. Overall, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2018 when exports increased by 113% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for monophenols exports from Saudi Arabia, with a 52% share of total exports. Moreover, monophenols exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at -2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-27.9% per year) and the Netherlands (+25.1% per year).

In value terms, China ($X) remains the key foreign market for monophenols exports from Saudi Arabia, comprising 49% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 14% share of total exports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to +12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-14.6% per year) and the Netherlands (+31.5% per year).

Export Prices by Country

In 2021, the average monophenols export price amounted to $X per ton, which is down by -14.9% against the previous year. Over the period under review, the export price, however, recorded perceptible growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 75%. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

Average prices varied somewhat for the major external markets. In 2021, the countries with the highest prices were Japan ($X per ton) and India ($X per ton), while the average price for exports to China ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+38.7%), while the prices for the other major destinations experienced more modest paces of growth.

Monophenols Imports

Imports into Saudi Arabia

In 2021, the amount of monophenols imported into Saudi Arabia skyrocketed to X tons, rising by 66% compared with 2020. Over the period under review, imports, however, recorded a noticeable descent. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, monophenols imports skyrocketed to $X in 2021. Overall, imports, however, saw a abrupt shrinkage. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Switzerland (X tons) constituted the largest supplier of monophenols to Saudi Arabia, with a 65% share of total imports. Moreover, monophenols imports from Switzerland exceeded the figures recorded by the second-largest supplier, Singapore (X tons), fourfold. India (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Switzerland stood at +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+11.7% per year) and India (+0.2% per year).

In value terms, Switzerland ($X) constituted the largest supplier of monophenols to Saudi Arabia, comprising 61% of total imports. The second position in the ranking was taken by Singapore ($X), with a 17% share of total imports. It was followed by India, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Switzerland stood at +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-1.3% per year) and India (-3.1% per year).

Import Prices by Country

The average monophenols import price stood at $X per ton in 2021, rising by 6.7% against the previous year. Overall, the import price, however, showed a pronounced decline. The pace of growth appeared the most rapid in 2016 when the average import price increased by 8.3% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+25.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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