Pumps; Parts Thereof Price in Saudi Arabia - 2021
Contents:
- Pumps; Parts Thereof Price in Saudi Arabia (CIF) - 2022
- Pumps; Parts Thereof Price in Saudi Arabia (FOB) - 2022
- Pumps; Parts Thereof Imports in Saudi Arabia
- Pumps; Parts Thereof Exports in Saudi Arabia
Pumps; Parts Thereof Price in Saudi Arabia (CIF) - 2022
In 2022, the average pumps; parts thereof import price amounted to $22,790 per ton, dropping by -9% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 19% against the previous year. Over the period under review, average import prices attained the maximum at $28,757 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($58,214 per ton), while the price for Turkey ($4,043 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Pumps; Parts Thereof Price in Saudi Arabia (FOB) - 2022
The average pumps; parts thereof export price stood at $8,658 per ton in 2022, falling by -2.8% against the previous year. In general, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 an increase of 57%. The export price peaked at $8,904 per ton in 2021, and then shrank slightly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($23,437 per ton), while the average price for exports to Sudan ($3,166 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 Oman (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.
Pumps; Parts Thereof Imports in Saudi Arabia
In 2022, approx. 14K tons of pumps; parts thereoves were imported into Saudi Arabia; rising by 36% on the year before. Overall, imports, however, recorded a slight curtailment.
In value terms, pumps; parts thereof imports skyrocketed to $324M in 2022. In general, imports, however, recorded a pronounced decrease.
| Import of Pumps; Parts Thereof in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 109 | 106 | 68.8 | 90.2 | -6.1% |
| Germany | 37.4 | 34.3 | 26.3 | 31.1 | -6.0% |
| Japan | 41.1 | 32.5 | 24.4 | 31.1 | -8.9% |
| China | 23.9 | 40.0 | 18.3 | 26.1 | 3.0% |
| Italy | 31.8 | 26.3 | 18.5 | 24.3 | -8.6% |
| United Kingdom | 20.0 | 28.9 | 17.8 | 21.2 | 2.0% |
| India | 11.1 | 12.6 | 9.1 | 10.4 | -2.1% |
| South Korea | 11.8 | 10.8 | 8.6 | 9.9 | -5.7% |
| United Arab Emirates | 7.0 | 6.2 | 5.5 | 5.9 | -5.5% |
| Finland | 6.9 | 5.7 | 1.0 | 4.3 | -14.6% |
| Taiwan (Chinese) | 2.4 | 4.6 | 2.1 | 2.9 | 6.5% |
| Turkey | 4.1 | 3.9 | 0.4 | 2.7 | -13.0% |
| Others | 67.3 | 75.1 | 61.1 | 64.2 | -1.6% |
| Total | 374 | 387 | 262 | 324 | -4.7% |
Top Suppliers of Pumps; Parts Thereof to Saudi Arabia in 2022:
- China (3.5K tons)
- United States (3.4K tons)
- Italy (0.9K tons)
- India (0.9K tons)
- Germany (0.8K tons)
- Turkey (0.7K tons)
- Japan (0.5K tons)
- United Kingdom (0.4K tons)
- South Korea (0.4K tons)
- Taiwan (Chinese) (0.3K tons)
- United Arab Emirates (0.3K tons)
- Finland (0.2K tons)
Pumps; Parts Thereof Exports in Saudi Arabia
After three years of growth, shipments abroad of pumps; parts thereoves decreased by -6.6% to 4.9K tons in 2022. In general, exports, however, saw significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 102%.
In value terms, pumps; parts thereof exports fell to $43M in 2022. Over the period under review, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 216% against the previous year.
| Export of Pumps; Parts Thereof in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.6 | 11.3 | 12.9 | 12.7 | 18.7% |
| Kuwait | 1.6 | 4.3 | 7.5 | 7.4 | 66.6% |
| Bahrain | 0.2 | 13.9 | 3.4 | 5.7 | 205.5% |
| United Arab Emirates | 0.2 | 2.6 | 5.7 | 5.7 | 205.5% |
| Oman | N/A | 1.4 | 5.7 | 5.7 | 101.8% |
| Colombia | 0.1 | 0.3 | 3.6 | 3.5 | 227.1% |
| Egypt | 1.7 | 0.2 | 0.4 | 0.8 | -22.2% |
| Sudan | 0.2 | 0.3 | 0.3 | 0.3 | 14.5% |
| Others | 0.6 | 4.0 | 7.5 | 0.8 | 10.1% |
| Total | 12.1 | 38.3 | 47.0 | 42.7 | 52.2% |
Top Export Markets for Pumps; Parts Thereof from Saudi Arabia in 2022:
- United States (2750.6 tons)
- Oman (552.8 tons)
- Bahrain (465.2 tons)
- United Arab Emirates (404.9 tons)
- Kuwait (316.6 tons)
- Colombia (205.3 tons)
- Sudan (109.2 tons)
- Egypt (79.1 tons)
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