Saudi Arabia: Market for Prepared Additives For Cements, Mortars Or Concretes 2024

Market Size for Prepared Additives For Cements, Mortars Or Concretes in Saudi Arabia

The Saudi prepared additives for cements market stood at $X in 2022, growing by 6% against the previous year. Over the period under review, consumption, however, recorded a noticeable decline. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Prepared Additives For Cements, Mortars Or Concretes in Saudi Arabia

In value terms, prepared additives for cements production soared to $X in 2022 estimated in export price. In general, production recorded prominent growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by 134% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Prepared Additives For Cements, Mortars Or Concretes

Exports from Saudi Arabia

In 2022, the amount of prepared additives for cements, mortars or concretes exported from Saudi Arabia dropped markedly to X tons, waning by -15.4% against 2021. In general, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 319%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, prepared additives for cements exports fell significantly to $X in 2022. Over the period under review, exports, however, saw resilient growth. The pace of growth appeared the most rapid in 2013 when exports increased by 189% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Egypt (X tons), Bahrain (X tons) and Jordan (X tons) were the main destinations of prepared additives for cements exports from Saudi Arabia, together comprising 98% of total exports.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +75.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) emerged as the key foreign market for prepared additives for cements, mortars or concretes exports from Saudi Arabia, comprising 61% of total exports. The second position in the ranking was held by Jordan ($X), with an 18% share of total exports. It was followed by Bahrain, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Egypt amounted to +69.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+23.4% per year) and Bahrain (+10.8% per year).

Export Prices by Country

In 2022, the average prepared additives for cements export price amounted to $X per ton, with a decrease of -8.9% against the previous year. Over the period under review, the export price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2019 an increase of 44%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 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 Qatar ($X per ton), while the average price for exports to Bahrain ($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 India (+31.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Additives For Cements, Mortars Or Concretes

Imports into Saudi Arabia

In 2021, imports of prepared additives for cements, mortars or concretes into Saudi Arabia fell remarkably to X tons, reducing by -71.9% compared with 2020. Over the period under review, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2015 when imports increased by 22%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, prepared additives for cements imports fell rapidly to $X in 2021. Overall, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2015 when imports increased by 35% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), China (X tons) and the United States (X tons) were the main suppliers of prepared additives for cements imports to Saudi Arabia, together comprising 78% of total imports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of -8.4%), while purchases for the other leaders experienced a decline.

In value terms, the largest prepared additives for cements suppliers to Saudi Arabia were the United States ($X), the United Arab Emirates ($X) and China ($X), with a combined 77% share of total imports.

Among the main suppliers, the United Arab Emirates, with a CAGR of -7.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average prepared additives for cements import price amounted to $X per ton, picking up by 19% against the previous year. In general, import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, prepared additives for cements import price increased by +128.0% against 2017 indices. The growth pace was the most rapid in 2018 an increase of 55% against the previous year. The import price peaked in 2021 and is likely to continue growth in the near future.

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 the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+182.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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