Report Update Nov 1, 2024

Saudi Arabia - Steatite - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Steatite Market 2021

Steatite Market Size in Saudi Arabia

The Saudi steatite market rose notably to $X in 2019, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed buoyant growth. The growth pace was the most rapid in 2008 when the market value increased by X% y-o-y. Over the period under review, the market attained the peak level in 2019 and is expected to retain growth in years to come.

Steatite Exports

Exports from Saudi Arabia

For the fourth consecutive year, Saudi Arabia recorded decline in shipments abroad of steatites, which decreased by -X% to X tons in 2019. Overall, exports showed a deep contraction. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Exports peaked at X tons in 2011; however, from 2012 to 2019, exports remained at a lower figure.

In value terms, steatite exports expanded rapidly to $X in 2019. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. From 2012 to 2019, the growth exports failed to regain the momentum.

Exports by Country

Kuwait (X tons) was the main destination for steatite exports from Saudi Arabia, with a X% share of total exports. Moreover, steatite exports to Kuwait exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), more than tenfold. Jordan (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Kuwait amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-X% per year) and Jordan (X% per year).

In value terms, Kuwait ($X) remains the key foreign market for steatite exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was occupied by France ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Kuwait amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the United Arab Emirates (-X% per year).

Export Prices by Country

In 2019, the average steatite export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price showed a buoyant increase. The pace of growth was the most pronounced in 2008 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2012; however, from 2013 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was France ($X per ton), while the average price for exports to Kuwait ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates, while the prices for the other major destinations experienced more modest paces of growth.

Steatite Imports

Imports into Saudi Arabia

Steatite imports into Saudi Arabia surged to X tons in 2019, with an increase of X% on the year before. In general, imports posted a strong expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2019 and are expected to retain growth in the near future.

In value terms, steatite imports totaled $X in 2019. Overall, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% y-o-y. Imports peaked in 2019 and are likely to continue growth in the near future.

Imports by Country

China (X tons), India (X tons) and Pakistan (X tons) were the main suppliers of steatite imports to Saudi Arabia, together comprising X% of total imports. France, Austria, Italy and Egypt lagged somewhat behind, together comprising a further X 2007 to 2019, the biggest increases were in France, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest steatite suppliers to Saudi Arabia were France ($X), China ($X) and India ($X), with a combined X% share of total imports.

Among the main suppliers, France saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average steatite import price stood at $X per ton in 2019, reducing by -X% against the previous year. Overall, the import price continues to indicate a mild shrinkage. The growth pace was the most rapid in 2010 an increase of X% y-o-y. The import price peaked at $X per ton in 2014; however, from 2015 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Italy ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Pakistan, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for steatites in the world?

The countries with the highest volumes of steatite consumption in 2019 were China, Germany and Japan, with a combined 32% share of global consumption.

What are the largest producers of steatites in the world?

The countries with the highest volumes of steatite production in 2019 were China, Afghanistan and Finland, together accounting for 65% of global production.

What are the leading suppliers of steatites to Saudi Arabia?

In value terms, France, China and India were the largest steatite suppliers to Saudi Arabia, with a combined 59% share of total imports.

What are the leading importers of steatites from Saudi Arabia?

In value terms, Kuwait remains the key foreign market for steatite exports from Saudi Arabia, comprising 77% of total exports. The second position in the ranking was occupied by France, with a 10% share of total exports. It was followed by the United Arab Emirates, with a 6.8% share.

What is the average export price for steatites in Saudi Arabia?

In 2019, the average steatite export price amounted to $239 per ton, with an increase of 60% against the previous year.

What is the average import price for steatites in Saudi Arabia?

In 2019, the average steatite import price amounted to $222 per ton, shrinking by -11.1% against the previous year.

This report provides an in-depth analysis of the steatite market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

Product coverage:

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023