Saudi Arabia: Oxygen-Function Amino-Compound Market 2024

Oxygen-Function Amino-Compound Market Size in Saudi Arabia

In 2021, the Saudi oxygen-function amino-compound market increased by 8.6% to $X, rising for the second year in a row after two years of decline. Overall, consumption recorded buoyant growth. Oxygen-function amino-compound consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Oxygen-Function Amino-Compound Production in Saudi Arabia

In value terms, oxygen-function amino-compound production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production showed a resilient increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 113%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Oxygen-Function Amino-Compound Exports

Exports from Saudi Arabia

In 2021, overseas shipments of oxygen-function amino-compounds decreased by -1% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 135% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, oxygen-function amino-compound exports surged to $X in 2021. In general, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 105% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons), South Korea (X tons) and the United Arab Emirates (X tons) were the main destinations of oxygen-function amino-compound exports from Saudi Arabia, together comprising 42% of total exports. These countries were followed by the United States, India, Belgium, Singapore, Japan, Thailand, Sudan, Taiwan (Chinese), Germany and Turkey, which together accounted for a further 30%.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +175.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for oxygen-function amino-compound exported from Saudi Arabia were China ($X), South Korea ($X) and the United Arab Emirates ($X), together comprising 32% of total exports. These countries were followed by Belgium, India, Singapore, the United States, Japan, Thailand, Germany, Sudan, Turkey and Taiwan (Chinese), which together accounted for a further 25%.

In terms of the main countries of destination, Germany, with a CAGR of +356.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average oxygen-function amino-compound export price stood at $X per ton in 2021, picking up by 18% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible setback. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the United States ($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 Turkey (+2.9%), while the prices for the other major destinations experienced a decline.

Oxygen-Function Amino-Compound Imports

Imports into Saudi Arabia

In 2021, the amount of oxygen-function amino-compounds imported into Saudi Arabia fell remarkably to X tons, dropping by -39.9% on 2020. In general, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when imports increased by 80% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, oxygen-function amino-compound imports shrank markedly to $X in 2021. Overall, imports showed a abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of 72% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of oxygen-function amino-compound imports to Saudi Arabia, with a combined 96% share of total imports. The UK, Taiwan (Chinese), Switzerland, India, South Korea, the United Arab Emirates, France and Belgium lagged somewhat behind, together comprising a further 52%.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +78.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest oxygen-function amino-compound suppliers to Saudi Arabia were Germany ($X), the United States ($X) and China ($X), with a combined 73% share of total imports. These countries were followed by Switzerland, the UK, India, Taiwan (Chinese), the United Arab Emirates, South Korea, France and Belgium, which together accounted for a further 44%.

Switzerland, with a CAGR of +17.4%, saw 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 oxygen-function amino-compound import price amounted to $X per ton, growing by 18% against the previous year. Over the last nine years, it increased at an average annual rate of +3.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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