Price for Mineral Substances Not Elsewhere Specified or Included in Saudi Arabia - 2022
Contents:
- Price for Mineral Substances Not Elsewhere Specified or Included in Saudi Arabia (FOB) - 2022
- Price for Mineral Substances Not Elsewhere Specified or Included in Saudi Arabia (CIF) - 2022
- Exports of Mineral Substances Not Elsewhere Specified or Included in Saudi Arabia
- Imports of Mineral Substances Not Elsewhere Specified or Included in Saudi Arabia
Price for Mineral Substances Not Elsewhere Specified or Included in Saudi Arabia (FOB) - 2022
The average export price for mineral substances not elsewhere specified or includeds stood at $525 per ton in 2022, surging by 22% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 39%. The export price peaked at $829 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($1,327 per ton), while the average price for exports to the United Arab Emirates ($38 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+54.9%), while the prices for the other major destinations experienced a decline.
Price for Mineral Substances Not Elsewhere Specified or Included in Saudi Arabia (CIF) - 2022
The average import price for mineral substances not elsewhere specified or includeds stood at $217 per ton in 2021, remaining stable against the previous year. In general, the import price recorded a perceptible downturn. The pace of growth appeared the most rapid in 2019 an increase of 17%. Over the period under review, average import prices reached the maximum at $366 per ton in 2014; however, from 2015 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 Mexico ($741 per ton), while the price for Greece ($186 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Mineral Substances Not Elsewhere Specified or Included in Saudi Arabia
Exports of mineral substances not elsewhere specified or includeds from Saudi Arabia rose to 685 tons in 2022, surging by 4.7% against 2021 figures. Over the period under review, exports continue to indicate a pronounced expansion. The growth pace was the most rapid in 2020 when exports increased by 100% against the previous year. As a result, the exports attained the peak of 1.3K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of mineral substances not elsewhere specified or includeds surged to $360K in 2022. In general, total exports indicated measured growth from 2019 to 2022: its value increased at an average annual rate of +2.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -17.7% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 30%. As a result, the exports attained the peak of $437K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Mineral Substances Not Elsewhere Specified or Included in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kuwait | N/A | N/A | N/A | 202 | 0% |
| United Kingdom | N/A | N/A | 3.0 | 37.0 | 1133.3% |
| Qatar | N/A | N/A | 1.6 | 36.7 | 2193.8% |
| Australia | N/A | N/A | N/A | 35.1 | 0% |
| Oman | N/A | N/A | 0.7 | 31.8 | 4442.9% |
| United Arab Emirates | 253 | 114 | 109 | 0.9 | -84.7% |
| Others | 82.2 | 323 | 168 | 16.3 | -41.7% |
| Total | 335 | 437 | 282 | 360 | 2.4% |
Top Export Markets for Mineral Substances Not Elsewhere Specified or Included from Saudi Arabia in 2022:
- Kuwait (283.4 tons)
- United Kingdom (143.2 tons)
- Australia (117.5 tons)
- Oman (78.9 tons)
- Qatar (27.6 tons)
- United Arab Emirates (22.9 tons)
Imports of Mineral Substances Not Elsewhere Specified or Included in Saudi Arabia
In 2021, the amount of mineral substances not elsewhere specified or includeds imported into Saudi Arabia totaled 17K tons, remaining stable against 2020. Overall, imports continue to indicate a deep slump. The smallest decline of 99.9% was in 2020.
In value terms, imports of mineral substances not elsewhere specified or includeds amounted to $3.7M in 2021. Over the period under review, imports continue to indicate buoyant growth. The smallest decline of 99.9% was in 2020. Over the period under review, imports of hit record highs in 2021 and are likely to see steady growth in the immediate term.
| Import of Mineral Substances Not Elsewhere Specified or Included in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Greece | 568 | N/A | 1,332 | 53.1% | |
| Spain | N/A | N/A | 1,070 | 0% | |
| United Arab Emirates | 359 | N/A | 386 | 3.7% | |
| Mexico | N/A | N/A | 331 | 0% | |
| Turkey | 1,591 | N/A | N/A | 0% | |
| Others | 480 | N/A | 537 | 5.8% | |
| Total | 2,998 | N/A | 3,656 | 10.4% | |
Top Suppliers of Mineral Substances Not Elsewhere Specified or Included to Saudi Arabia in 2022:
- Greece (7.2K tons)
- Spain (5.1K tons)
- United Arab Emirates (1.3K tons)
- Mexico (0.4K tons)
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