Saudi Arabia - Polymethyl Methacrylate In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
Saudi Arabia Emerges as the Third-Largest Polymethyl Methacrylate Exporter Worldwide
IndexBox has just published a new report: 'Saudi Arabia - Polymethyl Methacrylate In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.
Saudi Arabia's Polymethyl Methacrylate Exports
Saudi Arabia sharply ramped up sales abroad and became the third-largest supplier of polymethyl methacrylate worldwide. From 2017 to 2020, polymethyl methacrylate exports from Saudi Arabia soared from 2.9K to 90K tons. In value terms, supplies increased from $7.3M to $147M (IndexBox estimates).
China (54K tons) was the main destination for polymethyl methacrylate exports from Saudi Arabia, accounting for a 60% share of total supplies. Moreover, polymethyl methacrylate exports to China exceeded the volume sent to the second major destination, Singapore (5.7K tons), tenfold. The third position in this ranking was occupied by India (5.2K tons), with a 5.8% share.
In value terms, China ($88M) remains the key foreign market for polymethyl methacrylate exports from Saudi Arabia, comprising 60% of total supplies. The second position in the ranking was occupied by Belgium ($8.2M), with a 5.5% share of total exports. It was followed by India, with a 5.4% share.
The average polymethyl methacrylate export price stood at $1,629 per ton in 2020, declining by -20.3% against the previous year. There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Turkey ($2,087 per ton), while the average price for exports to Singapore ($1,171 per ton) was amongst the lowest. From 2017 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Turkey, while the prices for the other major destinations experienced a decline.
This report provides an in-depth analysis of the polymethyl methacrylate 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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