Price for Poly(Lactic Acid); in Primary Forms in Saudi Arabia - 2021
Contents:
- Price for Poly(Lactic Acid); in Primary Forms in Saudi Arabia (CIF) - 2022
- Price for Poly(Lactic Acid); in Primary Forms in Saudi Arabia (FOB) - 2022
- Imports of Poly(Lactic Acid); in Primary Forms in Saudi Arabia
- Exports of Poly(Lactic Acid); in Primary Forms in Saudi Arabia
Price for Poly(Lactic Acid); in Primary Forms in Saudi Arabia (CIF) - 2022
In 2022, the average import price for poly(lactic acid); in primary formses amounted to $15,675 per ton, jumping by 46% against the previous year. Over the period under review, the import price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 371% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($16,153 per ton), while the price for China ($1,418 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+124.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Poly(Lactic Acid); in Primary Forms in Saudi Arabia (FOB) - 2022
The average export price for poly(lactic acid); in primary formses stood at $21,554 per ton in 2022, declining by -12.9% against the previous year. Overall, the export price, however, continues to indicate significant growth. The pace of growth appeared the most rapid in 2020 an increase of 4,934% against the previous year. As a result, the export price attained the peak level of $30,573 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Malaysia.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +32.7% per year.
Imports of Poly(Lactic Acid); in Primary Forms in Saudi Arabia
Poly(lactic acid); in primary forms imports into Saudi Arabia declined markedly to 24 tons in 2022, shrinking by -56.3% compared with the year before. Overall, imports saw a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of 182% against the previous year.
In value terms, poly(lactic acid); in primary forms imports contracted significantly to $380K in 2022. In general, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 264%. As a result, imports reached the peak of $597K, and then shrank significantly in the following year.
| Import of Poly(Lactic Acid); in Primary Forms in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 116 | 120 | 595 | 371 | 47.3% |
| United Arab Emirates | 12.8 | 38.3 | 1.3 | 7.9 | -14.9% |
| China | 206 | N/A | N/A | 1.0 | -83.1% |
| Japan | 59.5 | N/A | N/A | N/A | 0% |
| India | 77.4 | N/A | N/A | N/A | 0% |
| Oman | 20.9 | N/A | N/A | N/A | 0% |
| Others | N/A | 5.4 | 1.0 | 0.9 | -59.2% |
| Total | 493 | 164 | 597 | 380 | -8.3% |
Top Suppliers of Poly(Lactic Acid); in Primary Forms to Saudi Arabia in 2022:
- United States (23.0 tons)
- China (0.7 tons)
- United Arab Emirates (0.6 tons)
Exports of Poly(Lactic Acid); in Primary Forms in Saudi Arabia
After two years of decline, shipments abroad of poly(lactic acid); in primary formses increased by 71% to 6.2 tons in 2022. In general, exports, however, continue to indicate a precipitous curtailment.
In value terms, poly(lactic acid); in primary forms exports surged to $133K in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 178%. As a result, the exports reached the peak of $177K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Poly(Lactic Acid); in Primary Forms in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 63.7 | 66.5 | 89.4 | 131 | 27.2% |
| Others | N/A | 111 | N/A | 1.8 | -87.3% |
| Total | 63.7 | 177 | 89.4 | 133 | 27.8% |
Top Export Markets for Poly(Lactic Acid); in Primary Forms from Saudi Arabia in 2022:
- Malaysia (6.2 tons)
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