Report Update Nov 1, 2024

Saudi Arabia - Salts of Acetic Acid - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Market for Salts Of Acetic Acid 2024

Market Size for Salts Of Acetic Acid in Saudi Arabia

The Saudi salts of acetic acid market declined modestly to $X in 2022, reducing by -4.2% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Salts Of Acetic Acid in Saudi Arabia

In value terms, salts of acetic acid production declined to $X in 2022 estimated in export price. Over the period under review, production faced a dramatic shrinkage. The pace of growth was the most pronounced in 2017 when the production volume increased by 23% against the previous year. Salts of acetic acid production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Salts Of Acetic Acid

Exports from Saudi Arabia

In 2021, approx. X tons of salts of acetic acid were exported from Saudi Arabia; which is down by -25.7% against 2020. In general, exports continue to indicate a sharp decline. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, salts of acetic acid exports shrank sharply to $X in 2021. Overall, exports recorded a sharp downturn. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kuwait (X tons) was the main destination for salts of acetic acid exports from Saudi Arabia, accounting for a 94% share of total exports. Moreover, salts of acetic acid exports to Kuwait exceeded the volume sent to the second major destination, Oman (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kuwait amounted to -30.0%.

In value terms, Kuwait ($X) remains the key foreign market for salts of acetic acid exports from Saudi Arabia, comprising 92% of total exports. The second position in the ranking was taken by Oman ($X), with a 6.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Kuwait stood at -24.7%.

Export Prices by Country

The average salts of acetic acid export price stood at $X per ton in 2021, increasing by 9.7% against the previous year. Overall, the export price saw modest growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Kuwait totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+10.2%).

Imports of Salts Of Acetic Acid

Imports into Saudi Arabia

In 2018, overseas purchases of salts of acetic acid decreased by 0% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports posted a slight expansion. The pace of growth was the most pronounced in 2015 when imports increased by 92%. As a result, imports attained the peak of X tons. From 2016 to 2018, the growth of imports remained at a somewhat lower figure.

In value terms, salts of acetic acid imports totaled $X in 2018. In general, imports continue to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2015 when imports increased by 18%. As a result, imports reached the peak of $X. From 2016 to 2018, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2018, China (X tons) constituted the largest supplier of salts of acetic acid to Saudi Arabia, with a approx. 72% share of total imports.

From 2012 to 2018, the average annual rate of growth in terms of volume from China amounted to +13.0%.

In value terms, China ($X) constituted the largest supplier of salts of acetic acid to Saudi Arabia.

From 2012 to 2018, the average annual growth rate of value from China totaled +1.0%.

Import Prices by Country

The average salts of acetic acid import price stood at $X per ton in 2018, stabilizing at the previous year. Over the period under review, the import price recorded a pronounced decrease. The pace of growth was the most pronounced in 2016 when the average import price increased by 23%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2018, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2018, the rate of growth in terms of prices for China amounted to -5.5% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for salts of acetic acid in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 45% share of global consumption. Japan, Russia, Brazil, Germany, Mexico, Democratic Republic of the Congo, Thailand and France lagged somewhat behind, together comprising a further 26%.

What are the largest producers of salts of acetic acid in the world?

China constituted the country with the largest volume of salts of acetic acid production, comprising approx. 33% of total volume. Moreover, salts of acetic acid production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. India ranked third in terms of total production with a 7.4% share.

What are the leading suppliers of salts of acetic acid to Saudi Arabia?

In value terms, China constituted the largest supplier of salts of acetic acid to Saudi Arabia.

What is the average export price for salts of acetic acid in Saudi Arabia?

The average salts of acetic acid export price stood at $667 per ton in 2021, remaining constant against the previous year.

What is the average import price for salts of acetic acid in Saudi Arabia?

In 2018, the average salts of acetic acid import price amounted to $3,330 per ton, flattening at the previous year.

This report provides an in-depth analysis of the market for salts of acetic acid 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 20143278 - Salts of acetic acid

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
Find deeper insights into current market developments
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