Saudi Arabia: Cement Pipe Market 2024

Cement Pipe Market Size in Saudi Arabia

The Saudi cement pipe market rose slightly to $X in 2022, growing by 4.2% against the previous year. Over the period under review, consumption, however, continues to indicate a deep setback. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Cement Pipe Production in Saudi Arabia

In value terms, cement pipe production rose to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 20%. Cement pipe production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Cement Pipe Exports

Exports from Saudi Arabia

In 2022, overseas shipments of pipes and other articles of cement increased by 6.9% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports enjoyed significant growth. The growth pace was the most rapid in 2017 with an increase of 2,077%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, cement pipe exports rose significantly to $X in 2022. Over the period under review, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 1,012% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for cement pipe exports from Saudi Arabia, with a 67% share of total exports. Moreover, cement pipe exports to the United Arab Emirates exceeded the volume sent to the second major destination, Kuwait (X tons), fourfold. Bahrain (X tons) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled +42.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+50.9% per year) and Bahrain (+62.4% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for pipes and other articles of cement exports from Saudi Arabia, comprising 81% of total exports. The second position in the ranking was held by Egypt ($X), with a 5.6% share of total exports. It was followed by Bahrain, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled +26.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+64.7% per year) and Bahrain (+11.8% per year).

Export Prices by Country

In 2022, the average cement pipe export price amounted to $X per ton, growing by 6.8% against the previous year. Overall, the export price, however, saw a perceptible slump. The growth pace was the most rapid in 2013 when the average export price increased by 96% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Kuwait ($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 Oman (+29.8%), while the prices for the other major destinations experienced mixed trend patterns.

Cement Pipe Imports

Imports into Saudi Arabia

For the fifth year in a row, Saudi Arabia recorded decline in overseas purchases of pipes and other articles of cement, which decreased by 0% to X tons in 2022. Overall, imports faced a abrupt downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 788% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, cement pipe imports amounted to $X in 2022. Over the period under review, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 273%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest cement pipe supplier to Saudi Arabia, with a 50% share of total imports. Moreover, cement pipe imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates totaled +3.3%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of pipes and other articles of cement to Saudi Arabia, comprising 87% of total imports. The second position in the ranking was taken by Spain ($X), with a 6.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates stood at +37.0%.

Import Prices by Country

The average cement pipe import price stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, the import price recorded a significant increase. The most prominent rate of growth was recorded in 2018 an increase of 241%. The import price peaked at $X per ton in 2020; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Spain totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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