Saudi Arabia: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in Saudi Arabia

In 2021, after three years of growth, there was significant decline in the Saudi silicon dioxide market, when its value decreased by -20.5% to $X. Overall, consumption, however, posted a resilient expansion. 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.

Silicon Dioxide Exports

Exports from Saudi Arabia

In 2021, overseas shipments of silicon dioxide decreased by -48.5% to X tons, falling for the fifth year in a row after three years of growth. Over the period under review, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 417% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, silicon dioxide exports dropped sharply to $X in 2021. Overall, exports, however, posted temperate growth. The most prominent rate of growth was recorded in 2016 when exports increased by 232% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Kuwait (X tons) was the main destination for silicon dioxide exports from Saudi Arabia, accounting for a 465% share of total exports. Moreover, silicon dioxide exports to Kuwait exceeded the volume sent to the second major destination, Indonesia (X tons), threefold. The third position in this ranking was held by Thailand (X tons), with a 97% share.

From 2012 to 2021, the average annual growth rate of volume to Kuwait totaled +44.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (0.0% per year) and Thailand (+46.7% per year).

In value terms, Kuwait ($X) emerged as the key foreign market for silicon dioxide exports from Saudi Arabia, comprising 77% of total exports. The second position in the ranking was taken by Thailand ($X), with a 9.1% share of total exports. It was followed by Indonesia, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value to Kuwait stood at +17.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+32.5% per year) and Indonesia (0.0% per year).

Export Prices by Country

The average silicon dioxide export price stood at $X per ton in 2021, increasing by 53% against the previous year. Over the period under review, the export price saw prominent growth. The most prominent rate of growth was recorded in 2020 an increase of 91% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Indonesia ($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 Australia (+33.9%), while the prices for the other major destinations experienced mixed trend patterns.

Silicon Dioxide Imports

Imports into Saudi Arabia

In 2021, approx. X tons of silicon dioxide were imported into Saudi Arabia; waning by -19.8% against 2020 figures. Over the period under review, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2013 when imports increased by 503%. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, silicon dioxide imports dropped dramatically to $X in 2021. In general, total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 55% against the previous year. Over the period under review, imports reached the maximum at $X in 2020, and then contracted significantly in the following year.

Imports by Country

China (X tons), Spain (X tons) and France (X tons) were the main suppliers of silicon dioxide imports to Saudi Arabia, together accounting for 81% of total imports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +34.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of silicon dioxide to Saudi Arabia, comprising 31% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports. It was followed by Spain, with a 4% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled -4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.5% per year) and Spain (+17.9% per year).

Import Prices by Country

The average silicon dioxide import price stood at $X per ton in 2021, declining by -4.3% against the previous year. Over the period under review, the import price saw a drastic downturn. The growth pace was the most rapid in 2017 an increase of 95% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, 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 Germany ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+347.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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