Saudi Arabia: Cellulose Fibrecement Sheet Market 2024

Cellulose Fibrecement Sheet Market Size in Saudi Arabia

The Saudi cellulose fibrecement sheet market rose notably to $X in 2022, growing by 13% against the previous year. Over the period under review, consumption continues to indicate a pronounced expansion. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Cellulose Fibrecement Sheet Production in Saudi Arabia

In value terms, cellulose fibrecement sheet production expanded rapidly to $X in 2022 estimated in export price. Overall, production posted resilient growth. The pace of growth was the most pronounced in 2013 when the production volume increased by 355%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Cellulose Fibrecement Sheet Exports

Exports from Saudi Arabia

In 2022, overseas shipments of sheets, panels and tiles of cellulose fibrecement decreased by -5.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 622% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, cellulose fibrecement sheet exports contracted to $X in 2022. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2018 when exports increased by 531% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank in the following year.

Exports by Country

Qatar (X tons) was the main destination for cellulose fibrecement sheet exports from Saudi Arabia, with a 66% share of total exports. Moreover, cellulose fibrecement sheet exports to Qatar exceeded the volume sent to the second major destination, Bahrain (X tons), fourfold. The UK (X tons) ranked third in terms of total exports with a 15% share.

From 2016 to 2022, the average annual growth rate of volume to Qatar totaled +183.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+318.4% per year) and the UK (+31.5% per year).

In value terms, Qatar ($X) emerged as the key foreign market for sheets, panels and tiles of cellulose fibrecement exports from Saudi Arabia, comprising 58% of total exports. The second position in the ranking was held by Bahrain ($X), with a 22% share of total exports. It was followed by the UK, with a 17% share.

From 2016 to 2022, the average annual growth rate of value to Qatar totaled +64.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+183.7% per year) and the UK (+32.9% per year).

Export Prices by Country

In 2022, the average cellulose fibrecement sheet export price amounted to $X per ton, declining by -4.7% against the previous year. Overall, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 14%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to Qatar ($X per ton) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+98.3%), while the prices for the other major destinations experienced more modest paces of growth.

Cellulose Fibrecement Sheet Imports

Imports into Saudi Arabia

After two years of growth, overseas purchases of sheets, panels and tiles of cellulose fibrecement decreased by -44% to X tons in 2021. Overall, imports showed a dramatic shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 7,679%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, cellulose fibrecement sheet imports dropped sharply to $X in 2021. Over the period under review, imports continue to indicate a sharp decrease. The growth pace was the most rapid in 2020 when imports increased by 4,096% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Thailand (X tons), China (X tons) and India (X tons) were the main suppliers of cellulose fibrecement sheet imports to Saudi Arabia, with a combined 82% share of total imports. The United States, the Netherlands, Mexico and the United Arab Emirates lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of 0.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest cellulose fibrecement sheet suppliers to Saudi Arabia were China ($X), India ($X) and the Netherlands ($X), together accounting for 48% of total imports. Thailand, the United Arab Emirates, the United States and Mexico lagged somewhat behind, together comprising a further 27%.

The United States, with a CAGR of 0.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average cellulose fibrecement sheet import price stood at $X per ton in 2021, declining by -17.4% against the previous year. In general, the import price, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by 4,642% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a 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 the United Arab Emirates ($X per ton), while the price for Thailand ($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 (+30.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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