Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Saudi Arabia - 2022

Contents:

1. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Saudi Arabia (CIF) - 2022
2. Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Saudi Arabia

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Saudi Arabia (CIF) - 2022

The average import price for balances; of a sensitivity of 5cg or better, with or without weightses stood at $20,817 per ton in 2021, waning by -10.3% against the previous year. Overall, the import price, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2013 an increase of 219% against the previous year. Over the period under review, average import prices attained the maximum at $46,767 per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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 Switzerland ($365,712 per ton), while the price for China ($9,105 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Saudi Arabia

In 2021, approx. 187 tons of balances; of a sensitivity of 5cg or better, with or without weightses were imported into Saudi Arabia; rising by 19% compared with the previous year. In general, imports showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 145%. Over the period under review, imports of reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, imports of balances; of a sensitivity of 5cg or better, with or without weightses expanded rapidly to $3.9M in 2021. The total import value increased at an average annual rate of +14.1% over the period from 2019 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Top Suppliers of Balances; of A Sensitivity of 5cg or Better, with or Without Weights to Saudi Arabia in 2022:

1. China (157.1 tons)
2. Germany (4.3 tons)
3. Taiwan (Chinese) (3.5 tons)

Source: IndexBox Market Intelligence Platform