Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Saudi Arabia - 2022

Contents:

1. Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Saudi Arabia (FOB) - 2022
2. Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Saudi Arabia (CIF) - 2022
3. Exports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Saudi Arabia
4. Imports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Saudi Arabia

Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Saudi Arabia (FOB) - 2022

The average export price for alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses stood at $12,911 per ton in 2022, with a decrease of -8% against the previous year. Overall, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses increased by +66.1% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of 38%. Over the period under review, the average export prices attained the maximum at $14,036 per ton in 2021, and then declined in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($17,697 per ton), while the average price for exports to the United Arab Emirates ($7,702 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 China (+37.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Saudi Arabia (CIF) - 2022

The average import price for alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses stood at $6,532 per ton in 2021, picking up by 142% against the previous year. Overall, the import price saw notable growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($11,228 per ton), while the price for Bahrain ($4,061 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Saudi Arabia

In 2022, exports of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses from Saudi Arabia fell to 9K tons, approximately reflecting the previous year's figure. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 8.7% against the previous year. As a result, the exports reached the peak of 9K tons, leveling off in the following year.

In value terms, exports of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses contracted to $116M in 2022. The total export value increased at an average annual rate of +2.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year. As a result, the exports attained the peak of $127M, and then contracted in the following year.

Top Export Markets for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives from Saudi Arabia in 2022:

1. Spain (4.0K tons)
2. United States (2.3K tons)
3. United Arab Emirates (2.3K tons)
4. China (0.5K tons)

Imports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Saudi Arabia

In 2021, the amount of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses imported into Saudi Arabia dropped dramatically to 566 tons, which is down by -48.9% compared with the year before. In general, imports showed a precipitous descent.

In value terms, imports of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses soared to $3.7M in 2021. The total import value increased at an average annual rate of +23.5% from 2020 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives to Saudi Arabia in 2022:

1. India (225.4 tons)
2. Bahrain (198.1 tons)
3. China (62.2 tons)
4. Germany (39.2 tons)

Source: IndexBox Market Intelligence Platform