Saudi Arabia: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in Saudi Arabia

In 2022, the Saudi synthetic organic colouring matters market decreased by -1.5% to $X, falling for the second year in a row after four years of growth. In general, consumption, however, posted buoyant growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Other Synthetic Organic Colouring Matters in Saudi Arabia

In value terms, synthetic organic colouring matters production rose to $X in 2022 estimated in export price. In general, production posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 108% against the previous year. Synthetic organic colouring matters production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Other Synthetic Organic Colouring Matters

Exports from Saudi Arabia

Synthetic organic colouring matters exports from Saudi Arabia rose markedly to X tons in 2022, with an increase of 8.2% compared with the previous year. In general, exports, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 122%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, synthetic organic colouring matters exports soared to $X in 2022. Overall, exports, however, showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 117% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Egypt (X tons), Qatar (X tons) and Morocco (X tons) were the main destinations of synthetic organic colouring matters exports from Saudi Arabia, together accounting for 82% of total exports.

From 2012 to 2022, the biggest increases were recorded for Morocco (with a CAGR of +21.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) emerged as the key foreign market for other synthetic organic colouring matters exports from Saudi Arabia, comprising 62% of total exports. The second position in the ranking was held by Jordan ($X), with a 13% share of total exports. It was followed by Qatar, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Egypt totaled +33.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+16.5% per year) and Qatar (-17.9% per year).

Export Prices by Country

The average synthetic organic colouring matters export price stood at $X per ton in 2022, surging by 11% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to Morocco ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Synthetic Organic Colouring Matters

Imports into Saudi Arabia

In 2021, overseas purchases of other synthetic organic colouring matters were finally on the rise to reach X tons after three years of decline. Overall, imports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of 21% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, synthetic organic colouring matters imports totaled $X in 2021. In general, imports, however, showed a abrupt decline. The pace of growth was the most pronounced in 2017 with an increase of 24%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

India (X tons), China (X tons) and Kuwait (X tons) were the main suppliers of synthetic organic colouring matters imports to Saudi Arabia, together comprising 58% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Kuwait (with a CAGR of +111.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest synthetic organic colouring matters suppliers to Saudi Arabia were the UK ($X), India ($X) and China ($X), with a combined 56% share of total imports. Germany, Kuwait, France and Italy lagged somewhat behind, together comprising a further 21%.

Among the main suppliers, Kuwait, with a CAGR of +114.0%, saw the highest growth rate of 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

The average synthetic organic colouring matters import price stood at $X per ton in 2021, increasing by 10% against the previous year. Overall, the import price saw prominent growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 33%. The import price peaked in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: 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 (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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