Saudi Arabia - Esters Of Acrylic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAcrylic Acid Esters Price in Saudi Arabia - 2021
Contents:
- Acrylic Acid Esters Price in Saudi Arabia (FOB) - 2022
- Acrylic Acid Esters Price in Saudi Arabia (CIF) - 2022
- Acrylic Acid Esters Exports in Saudi Arabia
- Acrylic Acid Esters Imports in Saudi Arabia
Acrylic Acid Esters Price in Saudi Arabia (FOB) - 2022
In 2022, the average acrylic acid esters export price amounted to $1,302 per ton, shrinking by -3.8% against the previous year. Over the period under review, the export price showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices reached the maximum at $1,826 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Morocco ($2,571 per ton), while the average price for exports to Kuwait ($1,170 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 Kuwait (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.
Acrylic Acid Esters Price in Saudi Arabia (CIF) - 2022
In 2022, the average acrylic acid esters import price amounted to $1,869 per ton, waning by -13.3% against the previous year. In general, the import price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 83% against the previous year. Over the period under review, average import prices reached the maximum at $2,310 per ton in 2012; however, from 2013 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 the Netherlands ($3,601 per ton), while the price for Belgium ($1,637 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Acrylic Acid Esters Exports in Saudi Arabia
Acrylic acid esters exports from Saudi Arabia contracted sharply to 11K tons in 2022, waning by -23.3% on the previous year's figure. In general, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2021 when exports increased by 55%.
In value terms, acrylic acid esters exports declined sharply to $14M in 2022. Over the period under review, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of 110%. As a result, the exports reached the peak of $19M, and then fell rapidly in the following year.
Export of Acrylic Acid Esters in Saudi Arabia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Kuwait | 7.5 | 5.1 | 7.6 | 6.0 | -7.2% |
Egypt | 2.3 | 0.5 | 3.6 | 2.9 | 8.0% |
Tunisia | 2.7 | 0.5 | 2.1 | 1.7 | -14.3% |
Bangladesh | 1.9 | 1.5 | 1.9 | 1.5 | -7.6% |
Morocco | 0.7 | 0.2 | 1.0 | 0.8 | 4.6% |
Kenya | 0.3 | N/A | 0.7 | 0.6 | 26.0% |
United States | 0.6 | 0.1 | 0.5 | 0.4 | -12.6% |
Thailand | 0.6 | N/A | 0.3 | 0.2 | -30.7% |
Pakistan | N/A | 0.6 | 0.3 | N/A | -50.0% |
Others | 0.6 | 0.6 | 1.4 | 0.2 | -30.7% |
Total | 17.2 | 9.2 | 19.3 | 14.3 | -6.0% |
Top Export Markets for Acrylic Acid Esters from Saudi Arabia in 2022:
- Kuwait (5.2K tons)
- Egypt (2.4K tons)
- Bangladesh (1.0K tons)
- Tunisia (0.9K tons)
- Kenya (0.4K tons)
- United States (0.3K tons)
- Morocco (0.3K tons)
- Thailand (0.2K tons)
Acrylic Acid Esters Imports in Saudi Arabia
In 2022, after three years of growth, there was significant decline in purchases abroad of esters of acrylic acid, when their volume decreased by -7.3% to 4.4K tons. The total import volume increased at an average annual rate of +7.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 17%. As a result, imports reached the peak of 4.8K tons, and then dropped in the following year.
In value terms, acrylic acid esters imports declined sharply to $8.3M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +12.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.5% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 64%. As a result, imports attained the peak of $10M, and then plummeted in the following year.
Import of Acrylic Acid Esters in Saudi Arabia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 1.6 | 1.1 | 3.1 | 2.8 | 20.5% |
China | 0.3 | 1.5 | 2.6 | 2.3 | 97.2% |
Belgium | 2.0 | 1.7 | 2.3 | 2.0 | 0.0% |
Netherlands | 0.4 | 1.1 | 0.4 | 0.6 | 14.5% |
South Korea | 0.3 | N/A | 0.3 | N/A | 0.0% |
Japan | 0.5 | N/A | 0.6 | N/A | 9.5% |
Others | 0.6 | 0.9 | 1.1 | 0.6 | 0.0% |
Total | 5.8 | 6.3 | 10.3 | 8.3 | 12.7% |
Top Suppliers of Acrylic Acid Esters to Saudi Arabia in 2022:
- Singapore (1384.5 tons)
- Belgium (1249.9 tons)
- China (1245.9 tons)
- Netherlands (155.2 tons)
This report provides an in-depth analysis of the acrylic acid esters 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 20143320 - Esters of acrylic acid
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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