Saudi Arabia: Metal Pickling Preparations Market 2024

Metal Pickling Preparations Market Size in Saudi Arabia

The Saudi metal pickling preparations market reduced remarkably to $X in 2021, dropping by -84.5% 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 showed a precipitous shrinkage. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Metal Pickling Preparations Exports

Exports from Saudi Arabia

In 2021, overseas shipments of pickling preparations for metal surfaces were finally on the rise to reach X tons after three years of decline. In general, exports posted a remarkable increase. The growth pace was the most rapid in 2015 with an increase of 160%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, metal pickling preparations exports surged to $X in 2021. Over the period under review, exports showed prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 291% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in years to come.

Exports by Country

The United Arab Emirates (X tons) was the main destination for metal pickling preparations exports from Saudi Arabia, accounting for a 41% share of total exports. Moreover, metal pickling preparations exports to the United Arab Emirates exceeded the volume sent to the second major destination, Jordan (X tons), twofold. The third position in this ranking was taken by Iraq (X tons), with a 20% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates totaled -1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+67.3% per year) and Iraq (+13.4% per year).

In value terms, the United Arab Emirates ($X), Jordan ($X) and Iraq ($X) constituted the largest markets for metal pickling preparations exported from Saudi Arabia worldwide, with a combined 83% share of total exports. These countries were followed by Kuwait, Bahrain and India, which together accounted for a further 15%.

India, with a CAGR of +94.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average metal pickling preparations export price amounted to $X per ton, picking up by 15% against the previous year. Over the period under review, export price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal pickling preparations export price increased by +71.5% against 2017 indices. The pace of growth was the most pronounced in 2015 an increase of 51% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Bahrain ($X per ton), while the average price for exports to India ($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 India (+30.4%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Pickling Preparations Imports

Imports into Saudi Arabia

In 2021, metal pickling preparations imports into Saudi Arabia contracted significantly to X tons, which is down by -59.7% compared with the year before. Overall, imports showed a deep setback. The pace of growth appeared the most rapid in 2014 when imports increased by 173%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal pickling preparations imports shrank rapidly to $X in 2021. In general, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 248% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Poland (X tons), France (X tons) and China (X tons) were the main suppliers of metal pickling preparations imports to Saudi Arabia, with a combined 73% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +15.9%), while purchases for the other leaders experienced a decline.

In value terms, the largest metal pickling preparations suppliers to Saudi Arabia were Poland ($X), France ($X) and China ($X), together accounting for 63% of total imports.

In terms of the main suppliers, China, with a CAGR of +18.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average metal pickling preparations import price stood at $X per ton in 2021, shrinking by -17.8% against the previous year. Overall, the import price recorded a perceptible decrease. The pace of growth was the most pronounced in 2014 an increase of 28%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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