Saudi Arabia: Aromatic Hydrocarbon Mixtures Market 2024

Aromatic Hydrocarbon Mixtures Market Size in Saudi Arabia

In 2022, after two years of growth, there was significant decline in the Saudi aromatic hydrocarbon mixtures market, when its value decreased by X% to $X. Overall, consumption saw a slight downturn. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Aromatic Hydrocarbon Mixtures Production in Saudi Arabia

In value terms, aromatic hydrocarbon mixtures production rose notably to $X in 2022 estimated in export price. In general, production, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Aromatic Hydrocarbon Mixtures Exports

Exports from Saudi Arabia

In 2022, approx. X tons of naphthalene and other aromatic hydrocarbon mixtures were exported from Saudi Arabia; increasing by X% compared with 2021 figures. Overall, exports, however, continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, aromatic hydrocarbon mixtures exports surged to $X in 2022. In general, exports, however, faced a abrupt downturn. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for aromatic hydrocarbon mixtures exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, aromatic hydrocarbon mixtures exports to the United Arab Emirates exceeded the volume sent to the second major destination, Malaysia (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Singapore (X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for naphthalene and other aromatic hydrocarbon mixtures exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Singapore (X% per year).

Export Prices by Country

The average aromatic hydrocarbon mixtures export price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to the United Arab Emirates ($X 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 the United Arab Emirates (X%).

Aromatic Hydrocarbon Mixtures Imports

Imports into Saudi Arabia

In 2022, aromatic hydrocarbon mixtures imports into Saudi Arabia expanded slightly to X tons, increasing by X% against the year before. In general, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, aromatic hydrocarbon mixtures imports contracted to $X in 2022. Over the period under review, imports posted strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Japan (X tons), India (X tons) and Denmark (X tons) were the main suppliers of aromatic hydrocarbon mixtures imports to Saudi Arabia, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest aromatic hydrocarbon mixtures suppliers to Saudi Arabia were India ($X), Japan ($X) and Denmark ($X), with a combined X% share of total imports.

In terms of the main suppliers, Japan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average aromatic hydrocarbon mixtures import price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price saw a perceptible descent. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, 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 South Korea ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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