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Saudi Arabia - Acrylic Acid And Its Salts And Other Monocarboxylic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMonocarboxylic Acid Price in Saudi Arabia - 2021
Contents:
- Monocarboxylic Acid Price in Saudi Arabia (FOB) - 2022
- Monocarboxylic Acid Price in Saudi Arabia (CIF) - 2022
- Monocarboxylic Acid Exports in Saudi Arabia
- Monocarboxylic Acid Imports in Saudi Arabia
Monocarboxylic Acid Price in Saudi Arabia (FOB) - 2022
The average monocarboxylic acid export price stood at $1,226 per ton in 2022, remaining stable against the previous year. Over the period under review, the export price, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2021 when the average export price increased by 36%. Over the period under review, the average export prices hit record highs at $1,811 per ton in 2013; however, from 2014 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 Belgium ($1,590 per ton), while the average price for exports to Thailand ($732 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 Turkey (+0.9%), while the prices for the other major destinations experienced a decline.
Monocarboxylic Acid Price in Saudi Arabia (CIF) - 2022
The average monocarboxylic acid import price stood at $1,849 per ton in 2022, growing by 4.2% against the previous year. Overall, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, monocarboxylic acid import price decreased by -29.0% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 79%. As a result, import price attained the peak level of $2,840 per ton. From 2016 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($4,717 per ton), while the price for India ($1,398 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+44.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Monocarboxylic Acid Exports in Saudi Arabia
In 2022, the amount of acrylic acid and its salts and other monocarboxylic acid exported from Saudi Arabia plummeted to 158K tons, waning by -19.1% against the year before. In general, exports saw a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by 18%. As a result, the exports reached the peak of 196K tons, and then fell rapidly in the following year.
In value terms, monocarboxylic acid exports reduced dramatically to $194M in 2022. Over the period under review, exports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2021 with an increase of 61%. As a result, the exports attained the peak of $239M, and then shrank remarkably in the following year.
Export of Monocarboxylic Acid in Saudi Arabia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 107 | 69.2 | 107 | 87.8 | -6.4% |
Turkey | 45.4 | 41.9 | 73.7 | 60.7 | 10.2% |
United Arab Emirates | 23.0 | 15.3 | 26.4 | 21.8 | -1.8% |
Belgium | 15.2 | 1.8 | 11.6 | 9.6 | -14.2% |
Egypt | 8.4 | 2.8 | 5.2 | 4.5 | -18.8% |
Singapore | 8.0 | 3.8 | 3.1 | 4.0 | -20.6% |
Thailand | 3.2 | 4.6 | 2.6 | 2.8 | -4.4% |
Others | 7.4 | 9.4 | 10.0 | 2.9 | -26.8% |
Total | 218 | 149 | 239 | 194 | -3.8% |
Top Export Markets for Monocarboxylic Acid from Saudi Arabia in 2022:
- India (66.5K tons)
- Turkey (48.6K tons)
- United Arab Emirates (21.0K tons)
- Belgium (6.0K tons)
- Singapore (5.0K tons)
- Egypt (4.1K tons)
- Thailand (3.8K tons)
Monocarboxylic Acid Imports in Saudi Arabia
In 2022, supplies from abroad of acrylic acid and its salts and other monocarboxylic acid decreased by -17.4% to 5.2K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +10.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 53% against the previous year. As a result, imports reached the peak of 6.2K tons, and then declined dramatically in the following year.
In value terms, monocarboxylic acid imports declined to $9.5M in 2022. In general, imports showed a slight downturn. The most prominent rate of growth was recorded in 2021 with an increase of 39%. As a result, imports reached the peak of $11M, and then dropped in the following year.
Import of Monocarboxylic Acid in Saudi Arabia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 3.1 | 4.7 | 6.0 | 5.5 | 21.1% |
Germany | 3.6 | 0.8 | 2.0 | 1.9 | -19.2% |
India | 1.4 | 1.2 | 1.2 | 1.1 | -7.7% |
South Korea | 0.6 | 0.3 | N/A | 0.4 | -12.6% |
France | N/A | N/A | 0.8 | N/A | 0% |
Others | 1.2 | 1.0 | 1.0 | 0.6 | -20.6% |
Total | 9.9 | 8.0 | 11.1 | 9.5 | -1.4% |
Top Suppliers of Monocarboxylic Acid to Saudi Arabia in 2022:
- China (3.3K tons)
- India (0.8K tons)
- Germany (0.4K tons)
- South Korea (0.3K tons)
This report provides an in-depth analysis of the monocarboxylic acid 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 20143310 - Acrylic acid and its salts and other monocarboxylic acid
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
-
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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Explore the top import markets for acrylic acid esters and delve into key statistics and numbers behind these markets.
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