Saudi Arabia: Slaked Lime Market 2024

Slaked Lime Market Size in Saudi Arabia

The Saudi slaked lime market was finally on the rise to reach $X in 2021, after two years of decline. Overall, the total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -5.5% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Slaked Lime Production in Saudi Arabia

In value terms, slaked lime production rose markedly to $X in 2021 estimated in export price. In general, the total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -9.8% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 60%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Slaked Lime Exports

Exports from Saudi Arabia

In 2021, shipments abroad of slaked lime decreased by -51.5% to X tons, falling for the third consecutive year after seven years of growth. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 330%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, slaked lime exports dropped rapidly to $X in 2021. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2014 when exports increased by 239% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Eritrea (X tons), Bahrain (X tons) and Jordan (X tons) were the main destinations of slaked lime exports from Saudi Arabia, with a combined 77% share of total exports. These countries were followed by Oman, Sudan and Kuwait, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were recorded for Sudan (with a CAGR of +78.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Eritrea ($X), Bahrain ($X) and Jordan ($X) were the largest markets for slaked lime exported from Saudi Arabia worldwide, together comprising 71% of total exports. Oman, Sudan and Kuwait lagged somewhat behind, together comprising a further 28%.

Among the main countries of destination, Sudan, with a CAGR of +67.6%, recorded 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

In 2021, the average slaked lime export price amounted to $X per ton, surging by 11% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, slaked lime export price increased by +64.7% against 2014 indices. The pace of growth appeared the most rapid in 2017 an increase of 16%. 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 foreign markets. In 2021, amid the top suppliers, the country with the highest price was Sudan ($X per ton), while the average price for exports to Jordan ($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 Oman (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Slaked Lime Imports

Imports into Saudi Arabia

In 2021, purchases abroad of slaked lime was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports showed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, slaked lime imports soared to $X in 2021. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the UK (X tons) constituted the largest slaked lime supplier to Saudi Arabia, with a approx. 34% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the UK stood at +44.2%.

In value terms, the UK ($X) constituted the largest supplier of slaked lime to Saudi Arabia.

From 2012 to 2021, the average annual growth rate of value from the UK stood at +22.7%.

Import Prices by Country

In 2021, the average slaked lime import price amounted to $X per ton, with an increase of 85% against the previous year. Over the period under review, the import price posted strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 UK ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+45.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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