Saudi Arabia: Market for Ready-Mixed Concrete And Factory Made Mortars 2024

Market Size for Ready-Mixed Concrete And Factory Made Mortars in Saudi Arabia

The Saudi market for ready-mixed concrete and factory made mortars soared to $X in 2022, picking up by X% against the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Ready-Mixed Concrete And Factory Made Mortars in Saudi Arabia

In value terms, production of ready-mixed concrete and factory made mortars skyrocketed to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth remained at a lower figure.

Exports of Ready-Mixed Concrete And Factory Made Mortars

Exports from Saudi Arabia

In 2022, after two years of growth, there was significant decline in overseas shipments of ready-mixed concrete and factory made mortars, when their volume decreased by X% to X tons. Over the period under review, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports of attained the maximum at X tons in 2021, and then contracted sharply in the following year.

In value terms, exports of ready-mixed concrete and factory made mortars contracted remarkably to $X in 2022. In general, exports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2021, and then dropped notably in the following year.

Exports by Country

The Philippines (X tons) was the main destination for exports of ready-mixed concrete and factory made mortars from Saudi Arabia, with a X% share of total exports. Moreover, exports of ready-mixed concrete and factory made mortars to the Philippines exceeded the volume sent to the second major destination, Bahrain (X tons), twofold. Jordan (X tons) ranked third in terms of total exports with a X% share.

From 2013 to 2022, the average annual growth rate of volume to the Philippines was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (X% per year) and Jordan (X% per year).

In value terms, the Philippines ($X) emerged as the key foreign market for ready-mixed concrete and factory made mortars exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was held by Bahrain ($X), with a X% share of total exports. It was followed by Jordan, with a X% share.

From 2013 to 2022, the average annual growth rate of value to the Philippines was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (X% per year) and Jordan (X% per year).

Export Prices by Country

The average export price for ready-mixed concrete and factory made mortars stood at $X per ton in 2022, waning by X% against the previous year. Overall, the export price saw a abrupt contraction. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 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 Jordan ($X per ton), while the average price for exports to Bahrain ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Ready-Mixed Concrete And Factory Made Mortars

Imports into Saudi Arabia

In 2022, overseas purchases of ready-mixed concrete and factory made mortars decreased by X% to X tons, falling for the third year in a row after two years of growth. Overall, imports saw a perceptible decline. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of ready-mixed concrete and factory made mortars amounted to $X in 2022. In general, imports continue to indicate a deep setback. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports of attained the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of ready-mixed concrete and factory made mortar to Saudi Arabia, with a X% share of total imports. Moreover, imports of ready-mixed concrete and factory made mortars from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Spain (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Germany (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of ready-mixed concrete and factory made mortars to Saudi Arabia, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with an X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average import price for ready-mixed concrete and factory made mortars amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price continues to indicate a perceptible contraction. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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