Price for Bromides; of Sodium or of Potassium in Saudi Arabia - 2022

Contents:

1. Price for Bromides; of Sodium or of Potassium in Saudi Arabia (FOB) - 2022
2. Price for Bromides; of Sodium or of Potassium in Saudi Arabia (CIF) - 2022
3. Exports of Bromides; of Sodium or of Potassium in Saudi Arabia
4. Imports of Bromides; of Sodium or of Potassium in Saudi Arabia

Price for Bromides; of Sodium or of Potassium in Saudi Arabia (FOB) - 2022

The average export price for bromides; of sodium or of potassia stood at $2,692 per ton in 2022, with an increase of 19% against the previous year. In general, the export price recorded a notable increase. The most prominent rate of growth was recorded in 2017 an increase of 101%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($3,438 per ton), while the average price for exports to the United Arab Emirates amounted to $2,625 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+25.7%).

Price for Bromides; of Sodium or of Potassium in Saudi Arabia (CIF) - 2022

The average import price for bromides; of sodium or of potassia stood at $2,794 per ton in 2020, jumping by 50% against the previous year. Overall, the import price saw a perceptible expansion. The growth pace was the most rapid in 2014 an increase of 66%. As a result, import price reached the peak level of $3,179 per ton. From 2015 to 2020, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($3,882 per ton), while the price for Jordan ($1,832 per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the United States (+9.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Bromides; of Sodium or of Potassium in Saudi Arabia

In 2022, the amount of bromides; of sodium or of potassia exported from Saudi Arabia shrank to 43 tons, which is down by -11.8% compared with 2021 figures. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 500% against the previous year. As a result, the exports reached the peak of 49 tons, and then declined in the following year.

In value terms, exports of bromides; of sodium or of potassia rose slightly to $117K in 2022. Overall, exports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2021 when exports increased by 449% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Bromides; of Sodium or of Potassium from Saudi Arabia in 2022:

1. United Arab Emirates (39.6 tons)
2. Kuwait (3.7 tons)

Imports of Bromides; of Sodium or of Potassium in Saudi Arabia

Imports of bromides; of sodium or of potassia into Saudi Arabia contracted notably to 3.1K tons in 2020, falling by -19.5% compared with 2019. In general, imports recorded a abrupt downturn.

In value terms, imports of bromides; of sodium or of potassia skyrocketed to $8.7M in 2020. The total import value increased at an average annual rate of +20.6% from 2019 to 2020; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Bromides; of Sodium or of Potassium to Saudi Arabia in 2022:

1. China (1357.0 tons)
2. United States (736.0 tons)
3. Jordan (648.0 tons)
4. India (225.0 tons)
5. Netherlands (162.0 tons)

Source: IndexBox Market Intelligence Platform