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Saudi Arabia - Resinoids - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSaudi Arabia: Resinoids Market 2024
Resinoids Market Size in Saudi Arabia
In 2023, the Saudi resinoids market was finally on the rise to reach $X for the first time since 2018, thus ending a four-year declining trend. In general, consumption, however, showed a noticeable contraction. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.
Resinoids Production in Saudi Arabia
In value terms, resinoids production surged to $X in 2023 estimated in export price. Overall, production, however, showed significant growth. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2023, production stood at a somewhat lower figure.
Resinoids Exports
Exports from Saudi Arabia
In 2023, shipments abroad of resinoids decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, exports saw a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, the exports attained the peak of X tons. From 2019 to 2023, the growth of the exports failed to regain momentum.
In value terms, resinoids exports skyrocketed to $X in 2023. Over the period under review, exports, however, recorded a slight increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports reached the peak of $X. From 2019 to 2023, the growth of the exports failed to regain momentum.
Exports by Country
Cyprus (X tons) was the main destination for resinoids exports from Saudi Arabia, with a X% share of total exports. Moreover, resinoids exports to Cyprus exceeded the volume sent to the second major destination, South Africa (X tons), sevenfold.
From 2012 to 2023, the average annual rate of growth in terms of volume to Cyprus was relatively modest.
From 2012 to 2023, the average annual growth rate of value to Cyprus was relatively modest.
Export Prices by Country
The average resinoids export price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the export price saw a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major export markets. In 2023, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to Cyprus stood at $X per ton.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.
Resinoids Imports
Imports into Saudi Arabia
In 2023, imports of resinoids into Saudi Arabia was estimated at X tons, flattening at 2022. Overall, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.
In value terms, resinoids imports totaled $X in 2023. In general, imports showed a perceptible setback. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.
Imports by Country
In 2023, Denmark (X tons) constituted the largest resinoids supplier to Saudi Arabia, accounting for a X% share of total imports. Moreover, resinoids imports from Denmark exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), threefold. The United Arab Emirates (X tons) ranked third in terms of total imports with an X% share.
From 2012 to 2023, the average annual growth rate of volume from Denmark was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (X% per year) and the United Arab Emirates (X% per year).
In value terms, Thailand ($X), Switzerland ($X) and the United Arab Emirates ($X) were the largest resinoids suppliers to Saudi Arabia, together comprising X% of total imports.
Among the main suppliers, Thailand, with a CAGR of X%, recorded the highest growth rate of 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
The average resinoids import price stood at $X per ton in 2023, stabilizing at the previous year. Over the period under review, the import price posted prominent growth. The most prominent rate of growth was recorded in 2016 an increase of X%. The import price peaked at $X per ton in 2019; however, from 2020 to 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the resinoids market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20531030 - Resinoids
Country coverage:
- Saudi Arabia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Saudi Arabia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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