Saudi Arabia: Semi-Chemical Fluting Market 2024

Semi-Chemical Fluting Market Size in Saudi Arabia

The Saudi semi-chemical fluting market surged to $X in 2021, picking up by 20% against the previous year. Over the period under review, consumption, however, continues to indicate a mild reduction. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Semi-Chemical Fluting Production in Saudi Arabia

In value terms, semi-chemical fluting production reduced slightly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 92% against the previous year. Semi-chemical fluting production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Semi-Chemical Fluting Exports

Exports from Saudi Arabia

In 2021, after two years of growth, there was significant decline in overseas shipments of semi-chemical fluting, when their volume decreased by -67.6% to X tons. Over the period under review, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2019 when exports increased by 65%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, semi-chemical fluting exports dropped sharply to $X in 2021. In general, exports showed a deep reduction. The pace of growth appeared the most rapid in 2020 when exports increased by 56%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Jordan (X tons), Yemen (X tons) and Ethiopia (X tons) were the main destinations of semi-chemical fluting exports from Saudi Arabia, with a combined 58% share of total exports.

From 2012 to 2021, the biggest increases were in Jordan (with a CAGR of +79.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Jordan ($X), Yemen ($X) and Ethiopia ($X) were the largest markets for semi-chemical fluting exported from Saudi Arabia worldwide, together comprising 61% of total exports.

In terms of the main countries of destination, Jordan, with a CAGR of +84.2%, saw the highest growth rate of 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

In 2021, the average semi-chemical fluting export price amounted to $X per ton, picking up by 40% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Egypt ($X per ton), while the average price for exports to Ghana ($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 Palestine (+36.4%), while the prices for the other major destinations experienced more modest paces of growth.

Semi-Chemical Fluting Imports

Imports into Saudi Arabia

In 2020, approx. X tons of semi-chemical fluting were imported into Saudi Arabia; dropping by -67.2% on the previous year's figure. In general, imports faced a precipitous setback. The most prominent rate of growth was recorded in 2013 with an increase of 21%. Imports peaked at X tons in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

In value terms, semi-chemical fluting imports declined sharply to $X in 2020. Over the period under review, imports recorded a sharp setback. The growth pace was the most rapid in 2018 with an increase of 30%. Imports peaked at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Kuwait (X tons) constituted the largest supplier of semi-chemical fluting to Saudi Arabia, with a 84% share of total imports. Moreover, semi-chemical fluting imports from Kuwait exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold.

From 2012 to 2020, the average annual growth rate of volume from Kuwait stood at -4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-76.8% per year) and Egypt (0.0% per year).

In value terms, Kuwait ($X) constituted the largest supplier of semi-chemical fluting to Saudi Arabia, comprising 81% of total imports. The second position in the ranking was taken by India ($X), with an 11% share of total imports.

From 2012 to 2020, the average annual growth rate of value from Kuwait amounted to -7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-74.8% per year) and Egypt (0.0% per year).

Import Prices by Country

In 2020, the average semi-chemical fluting import price amounted to $X per ton, falling by -17% against the previous year. Overall, the import price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2017 when the average import price increased by 10% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2020, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2020, the highest price was recorded for prices from India ($X per ton) and the United Arab Emirates ($X per ton), while the price for Egypt ($X per ton) and Kuwait ($X per ton) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+22.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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