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Saudi Arabia - Benzene - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBenzene Price in Saudi Arabia - 2021
Contents:
- Benzene Price in Saudi Arabia (CIF) - 2022
- Benzene Price in Saudi Arabia (FOB) - 2022
- Benzene Imports in Saudi Arabia
- Benzene Exports in Saudi Arabia
Benzene Price in Saudi Arabia (CIF) - 2022
In 2021, the average benzene import price amounted to $927 per ton, increasing by 78% against the previous year. In general, the import price, however, continues to indicate a perceptible contraction. Over the period under review, average import prices hit record highs at $1,416 per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Thailand ($1,022 per ton), while the price for India amounted to $926 per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-2.9%), while the prices for the other major suppliers experienced a decline.
Benzene Price in Saudi Arabia (FOB) - 2022
The average benzene export price stood at $703 per ton in 2022, falling by -21.8% against the previous year. Over the period under review, the export price showed a pronounced decrease. The pace of growth appeared the most rapid in 2021 when the average export price increased by 88%. The export price peaked at $1,302 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($1,243 per ton), while the average price for exports to China ($617 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+0.6%), while the prices for the other major destinations experienced a decline.
Benzene Imports in Saudi Arabia
Benzene imports into Saudi Arabia dropped rapidly to 571K tons in 2021, declining by -24.4% compared with the year before. Overall, imports saw a abrupt descent. The smallest decline of -0.1% was in 2020.
In value terms, benzene imports skyrocketed to $530M in 2021. The total import value increased at an average annual rate of +3.9% over the period from 2019 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Benzene in Saudi Arabia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
India | 378 | 368 | 523 | 17.6% | |
Singapore | 21.6 | N/A | N/A | 0% | |
Oman | 60.2 | 13.6 | N/A | -77.4% | |
Others | 31.4 | 11.9 | 6.4 | -54.9% | |
Total | 491 | 393 | 530 | 3.9% |
Top Suppliers of Benzene to Saudi Arabia in 2022:
- India (565.2K tons)
Benzene Exports in Saudi Arabia
Benzene exports from Saudi Arabia contracted to 93K tons in 2022, waning by -12.3% on 2021 figures. Overall, exports recorded a abrupt decline. The growth pace was the most rapid in 2021 when exports increased by 43% against the previous year.
In value terms, benzene exports shrank remarkably to $65M in 2022. In general, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2021 when exports increased by 169%. As a result, the exports reached the peak of $95M, and then declined dramatically in the following year.
Export of Benzene in Saudi Arabia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 10.4 | 2.5 | 7.6 | 20.0 | 24.4% |
United States | 1.1 | 4.7 | 14.8 | 14.1 | 134.0% |
Netherlands | 2.0 | 0.5 | 8.2 | 5.1 | 36.6% |
Spain | 23.5 | 12.5 | 20.9 | 4.9 | -40.7% |
France | 1.7 | N/A | N/A | 2.9 | 19.5% |
Italy | N/A | N/A | N/A | 2.7 | 0% |
Belgium | 2.5 | N/A | 2.1 | N/A | -8.3% |
Taiwan (Chinese) | 5.1 | 2.0 | 4.8 | N/A | -3.0% |
Others | 31.3 | 13.2 | 36.8 | 15.6 | -20.7% |
Total | 77.6 | 35.4 | 95.2 | 65.3 | -5.6% |
Top Export Markets for Benzene from Saudi Arabia in 2022:
- China (32.4K tons)
- United States (21.9K tons)
- Netherlands (6.9K tons)
- Spain (6.2K tons)
- Italy (3.9K tons)
- France (2.3K tons)
This report provides an in-depth analysis of the benzene 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 20141223 - Benzene
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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