Saudi Arabia: Market for Sanitary Ware And Parts Of Iron Or Steel 2025

Market Size for Sanitary Ware And Parts Of Iron Or Steel in Saudi Arabia

In 2021, the Saudi market for sanitary ware and parts of iron or steel increased by 3% to $X, rising for the fourth consecutive year after three years of decline. Overall, the total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +68.8% against 2017 indices. Iron or steel sanitary ware consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Production of Sanitary Ware And Parts Of Iron Or Steel in Saudi Arabia

In value terms, iron or steel sanitary ware production dropped significantly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a significant increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 1,601%. Iron or steel sanitary ware production peaked at $X in 2020, and then declined markedly in the following year.

Exports of Sanitary Ware And Parts Of Iron Or Steel

Exports from Saudi Arabia

After two years of decline, shipments abroad of sanitary ware and parts of iron or steel increased by 1,095% to X tons in 2021. Overall, exports showed resilient growth. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, iron or steel sanitary ware exports skyrocketed to $X in 2021. Over the period under review, exports showed strong growth. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Oman (X tons) was the main destination for iron or steel sanitary ware exports from Saudi Arabia, accounting for a 69% share of total exports. Moreover, iron or steel sanitary ware exports to Oman exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to Oman stood at +21.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+38.6% per year) and Ethiopia (+30.7% per year).

In value terms, the largest markets for iron or steel sanitary ware exported from Saudi Arabia were Oman ($X), the United Arab Emirates ($X) and Ethiopia ($X), together accounting for 82% of total exports.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of +72.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for sanitary ware and parts of iron or steel stood at $X per ton in 2021, picking up by 78% against the previous year. In general, the export price recorded a remarkable increase. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Ethiopia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (+29.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sanitary Ware And Parts Of Iron Or Steel

Imports into Saudi Arabia

In 2021, imports of sanitary ware and parts of iron or steel into Saudi Arabia dropped to X tons, waning by -6.6% compared with 2020. In general, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of 37%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, iron or steel sanitary ware imports expanded significantly to $X in 2021. Overall, imports showed a abrupt decrease. The growth pace was the most rapid in 2019 when imports increased by 62% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of iron or steel sanitary ware to Saudi Arabia, accounting for a 76% share of total imports. Moreover, iron or steel sanitary ware imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), sevenfold. Germany (X tons) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-6.2% per year) and Germany (-12.1% per year).

In value terms, China ($X) constituted the largest supplier of sanitary ware and parts of iron or steel to Saudi Arabia, comprising 51% of total imports. The second position in the ranking was taken by Italy ($X), with a 20% share of total imports. It was followed by Germany, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-2.1% per year) and Germany (-9.6% per year).

Import Prices by Country

The average import price for sanitary ware and parts of iron or steel stood at $X per ton in 2021, rising by 21% against the previous year. Over the last nine years, it increased at an average annual rate of +3.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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