Report Update Nov 1, 2024

Saudi Arabia - Salicylic Acid and Its Salts - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Salicylic Acid Market 2024

Salicylic Acid Market Size in Saudi Arabia

In 2021, the Saudi salicylic acid market increased by 3.8% to $X, rising for the third consecutive year after two years of decline. In general, consumption showed a tangible expansion. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the immediate term.

Salicylic Acid Production in Saudi Arabia

In value terms, salicylic acid production dropped to $X in 2021 estimated in export price. In general, production continues to indicate a slight descent. The pace of growth was the most pronounced in 2020 with an increase of 35% against the previous year. As a result, production attained the peak level of $X, and then dropped in the following year.

Salicylic Acid Exports

Exports from Saudi Arabia

In 2021, overseas shipments of salicylic acid and its salts decreased by -54.3% to X tons, falling for the third consecutive year after two years of growth. In general, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2017 when exports increased by 103% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, salicylic acid exports declined markedly to $X in 2021. Overall, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 160%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X kg) was the main destination for salicylic acid exports from Saudi Arabia, accounting for a approx. less than 0.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands was relatively modest.

In value terms, the Netherlands ($X) emerged as the key foreign market for salicylic acid and its salts exports from Saudi Arabia.

From 2012 to 2021, the average annual growth rate of value to the Netherlands was relatively modest.

Export Prices by Country

The average salicylic acid export price stood at $X per ton in 2021, with an increase of 67% against the previous year. Overall, the export price enjoyed perceptible growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 67% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to continue growth in years to come.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2012 to 2021, the rate of growth in terms of prices for the Philippines amounted to +5.7% per year.

Salicylic Acid Imports

Imports into Saudi Arabia

Salicylic acid imports into Saudi Arabia rose sharply to X tons in 2021, growing by 5.9% compared with the previous year. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 114%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, salicylic acid imports rose remarkably to $X in 2021. Over the period under review, imports posted significant growth. The growth pace was the most rapid in 2019 when imports increased by 143%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of salicylic acid to Saudi Arabia, accounting for a 77% share of total imports. Moreover, salicylic acid imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), fivefold. The third position in this ranking was taken by India (X tons), with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+24.1% per year) and India (-9.9% per year).

In value terms, China ($X), France ($X) and Turkey ($X) were the largest salicylic acid suppliers to Saudi Arabia, with a combined 92% share of total imports. India and Germany lagged somewhat behind, together comprising a further 7.2%.

Germany, with a CAGR of +44.5%, recorded 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 salicylic acid import price amounted to $X per ton, surging by 4.5% against the previous year. In general, the import price showed temperate growth. The growth pace was the most rapid in 2015 an increase of 568% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 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, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for salicylic acid and its salts in the world?

India constituted the country with the largest volume of salicylic acid consumption, accounting for 42% of total volume. Moreover, salicylic acid consumption in India exceeded the figures recorded by the second-largest consumer, Spain, sixfold. Mexico ranked third in terms of total consumption with a 6.8% share.

What are the largest producers of salicylic acid and its salts in the world?

China constituted the country with the largest volume of salicylic acid production, accounting for 86% of total volume. Moreover, salicylic acid production in China exceeded the figures recorded by the second-largest producer, Spain, tenfold.

What are the leading suppliers of salicylic acid and its salts to Saudi Arabia?

In value terms, the largest salicylic acid suppliers to Saudi Arabia were China, France and India, together accounting for 90% of total imports.

What are the leading importers of salicylic acid and its salts from Saudi Arabia?

In value terms, Germany remains the key foreign market for salicylic acid exports from Saudi Arabia, comprising 70% of total exports. The second position in the ranking was occupied by Belgium, with a 30% share of total exports.

What is the average export price for salicylic acid and its salts in Saudi Arabia?

The average salicylic acid export price stood at $4,123 per ton in 2020, surging by 466% against the previous year.

What is the average import price for salicylic acid and its salts in Saudi Arabia?

The average salicylic acid import price stood at $7,966 per ton in 2020, rising by 2.2% against the previous year.

This report provides an in-depth analysis of the salicylic acid market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 21101030 - Salicylic acid and its salts

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023