Report Update Nov 1, 2024

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

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Saudi Arabia: Toluene Market 2024

Toluene Market Size in Saudi Arabia

After five years of growth, the Saudi toluene market decreased by -21.2% to $X in 2021. Overall, consumption, however, showed resilient growth. Over the period under review, the market hit record highs at $X in 2020, and then dropped significantly in the following year.

Toluene Production in Saudi Arabia

In value terms, toluene production reached $X in 2021 estimated in export price. Overall, production showed resilient growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by 61%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Toluene Exports

Exports from Saudi Arabia

After two years of decline, shipments abroad of toluene decreased by -52.3% to X tons in 2021. Over the period under review, exports, however, continue to indicate strong growth. The growth pace was the most rapid in 2015 when exports increased by 21,979%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, toluene exports fell rapidly to $X in 2021. In general, exports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2015 with an increase of 12,057%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Philippines (X tons) was the main destination for toluene exports from Saudi Arabia, with a approx. 50% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Philippines was relatively modest.

From 2012 to 2021, the average annual growth rate of value to the Philippines was relatively modest.

Export Prices by Country

The average toluene export price stood at $X per ton in 2021, reducing by -51.6% against the previous year. Overall, the export price saw a perceptible descent. The pace of growth appeared the most rapid in 2018 when the average export price increased by 115%. The export price peaked at $X per ton in 2020, and then dropped rapidly in the following year.

As there is only one major export destination, the average price level is determined by prices for the Philippines.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to -0.8% per year.

Toluene Imports

Imports into Saudi Arabia

After three years of growth, supplies from abroad of toluene decreased by -76.6% to X tons in 2021. In general, imports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2018 when imports increased by 373% against the previous year. Imports peaked at X tons in 2020, and then declined markedly in the following year.

In value terms, toluene imports shrank markedly to $X in 2021. Overall, imports, however, posted a resilient increase. The growth pace was the most rapid in 2018 when imports increased by 339%. Imports peaked at $X in 2020, and then shrank sharply in the following year.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of toluene to Saudi Arabia, with a 65% share of total imports. Moreover, toluene imports from Belgium exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium amounted to +41.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-58.3% per year) and Germany (+20.2% per year).

In value terms, Belgium ($X), the United States ($X) and Taiwan (Chinese) ($X) constituted the largest toluene suppliers to Saudi Arabia, with a combined 89% share of total imports.

The United States, with a CAGR of +37.7%, saw 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 more modest paces of growth.

Import Prices by Country

In 2021, the average toluene import price amounted to $X per ton, picking up by 32% against the previous year. In general, the import price, however, showed a noticeable setback. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat 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 ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for toluene in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 48% of global consumption. Japan, Taiwan Chinese), Brazil, Germany, Russia, the UK, Italy, South Korea, Iran and Spain lagged somewhat behind, together accounting for a further 29%.

What are the largest producers of toluene in the world?

The countries with the highest volumes of in 2021 were China, the United States and Japan, with a combined 44% share of global production. These countries were followed by India, Germany, Brazil, Taiwan Chinese), Thailand, Russia, the UK, Italy, Singapore and Spain, which together accounted for a further 33%.

What are the leading suppliers of toluene to Saudi Arabia?

In value terms, Taiwan Chinese) constituted the largest supplier of toluene to Saudi Arabia, comprising 64% of total imports. The second position in the ranking was occupied by Italy, with an 11% share of total imports. It was followed by the United States, with a 7.5% share.

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

The average toluene export price stood at $590 per ton in 2021, surging by 2.6% against the previous year.

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

The average toluene import price stood at $795 per ton in 2021, flattening at the previous year.

This report provides an in-depth analysis of the toluene 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 2030.

Product coverage:

Prodcom 20141225 - Toluene

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