Report Update: May 1, 2024

Saudi Arabia - Acrylonitrile - Market Analysis, Forecast, Size, Trends And Insights

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Acrylonitrile Price in Saudi Arabia - 2021

Acrylonitrile Price in Saudi Arabia (CIF) - 2022

The average acrylonitrile import price stood at $1,788 per ton in 2022, picking up by 12% against the previous year. Over the last seven-year period, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 38% against the previous year. Over the period under review, average import prices attained the peak figure at $1,988 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($2,175 per ton), while the price for the UK ($1,453 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Acrylonitrile Price in Saudi Arabia (FOB) - 2022

In 2021, the average acrylonitrile export price amounted to $1,208 per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price recorded a deep setback. The pace of growth was the most pronounced in 2020 a decrease of 99.9% against the previous year. Over the period under review, the average export prices attained the peak figure at $2,362 per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.

Acrylonitrile Imports in Saudi Arabia

In 2022, imports of acrylonitrile into Saudi Arabia fell dramatically to 20K tons, declining by -39.6% on the year before. Overall, imports recorded a mild curtailment. The pace of growth was the most pronounced in 2021 with an increase of 101% against the previous year. As a result, imports attained the peak of 32K tons, and then dropped rapidly in the following year.

In value terms, acrylonitrile imports plummeted to $35M in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 178%. As a result, imports attained the peak of $51M, and then shrank significantly in the following year.

Import of Acrylonitrile in Saudi Arabia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	3.2	18.5	45.5	13.2	60.4%
United Kingdom	10.4	N/A	N/A	11.0	1.9%
South Korea	17.0	N/A	5.9	10.7	-14.3%
Taiwan (Chinese)	4.3	N/A	N/A	N/A	0%
Others	N/A	N/A	N/A	0.1	0%
Total	34.9	18.5	51.4	35.0	0.1%

Top Suppliers of Acrylonitrile to Saudi Arabia in 2022:

United Kingdom (7.6K tons)
United States (6.1K tons)
South Korea (5.9K tons)

Acrylonitrile Exports in Saudi Arabia

In 2021, exports of acrylonitrile from Saudi Arabia was estimated at 9.4 tons, stabilizing at 2020 figures. Over the period under review, exports recorded a precipitous descent. The smallest decline of 99.9% was in 2020.

In value terms, acrylonitrile exports stood at $11K in 2021. Overall, exports faced a dramatic curtailment. The smallest decline of 99.9% was in 2020.

Export of Acrylonitrile in Saudi Arabia (Thousand USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
United Arab Emirates	N/A	N/A	11.4	0%
South Korea	19.2	N/A	N/A	0%
Others	N/A	N/A	N/A	0%
Total	19.2	N/A	11.4	-22.9%

Top Export Markets for Acrylonitrile from Saudi Arabia in 2022:

United Arab Emirates (9.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the acrylonitrile 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 20144350 - Acrylonitrile

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023