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Saudi Arabia - Acetone - Market Analysis, Forecast, Size, Trends And Insights
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Saudi Arabia: Acetone Market Overview 2021

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Acetone Market Size in Saudi Arabia

After three years of decline, the Saudi acetone market increased by X% to $X in 2020. Overall, consumption, however, saw a abrupt shrinkage. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2020, consumption remained at a lower figure.

Acetone Production in Saudi Arabia

In value terms, acetone production soared to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2020, production failed to regain the momentum.

Acetone Exports

Exports from Saudi Arabia

After three years of growth, overseas shipments of acetone decreased by -X% to X tonnes in 2020. In general, exports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Exports peaked at X tonnes in 2019, and then reduced remarkably in the following year.

In value terms, acetone exports skyrocketed to $X in 2020. Over the period under review, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure in 2020 and are likely to continue growth in the near future.

Exports by Country

China (X tonnes) was the main destination for acetone exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, acetone exports to China exceeded the volume sent to the second major destination, Turkey (X tonnes), fourfold. The third position in this ranking was occupied by Germany (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+X% per year) and Germany (+X% per year).

In value terms, China ($X) remains the key foreign market for acetone exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2007 to 2020, the average annual growth rate of value to China totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+X% per year) and Germany (+X% per year).

Export Prices by Country

The average acetone export price stood at $X per tonne in 2020, jumping by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per tonne in 2014; however, from 2015 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Germany ($X per tonne), while the average price for exports to the Netherlands ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced more modest paces of growth.

Acetone Imports

Imports into Saudi Arabia

After two years of decline, overseas purchases of acetone decreased by X% to X kg in 2020. In general, imports recorded a noticeable descent. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. Imports peaked at X tonnes in 2010; however, from 2011 to 2020, imports stood at a somewhat lower figure.

In value terms, acetone imports amounted to $X in 2020. Over the period under review, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2009 when imports increased by X% year-to-year. Imports peaked at $X in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2017, Taiwan (Chinese) (X tonnes) constituted the largest acetone supplier to Saudi Arabia, accounting for a X% share of total imports. Moreover, acetone imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), threefold.

From 2007 to 2017, the average annual growth rate of volume from Taiwan (Chinese) totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Spain (-X% per year).

In value terms, Spain ($X) constituted the largest supplier of acetone to Saudi Arabia, comprising X% of total imports. The second position in the ranking was occupied by Taiwan (Chinese) ($X), with a X% share of total imports.

From 2007 to 2017, the average annual rate of growth in terms of value from Spain stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+X% per year) and the U.S. (+X% per year).

Import Prices by Country

The average acetone import price stood at $X per tonne in 2017, remaining constant against the previous year. In general, the import price showed a buoyant increase. The most prominent rate of growth was recorded in 2010 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2017 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2017, the country with the highest price was the U.S. ($X per tonne), while the price for Taiwan (Chinese) ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for acetone in the world?
+
China (707K tonnes) remains the largest acetone consuming country worldwide, comprising approx. 28% of total volume. Moreover, acetone consumption in China exceeded the figures recorded by the second-largest consumer, Taiwan (Chinese) (294K tonnes), twofold. The third position in this ranking was occupied by South Korea (126K tonnes), with a 5% share.
What are the largest producers of acetone in the world?
+
The countries with the highest volumes of acetone production in 2020 were South Korea (329K tonnes), Spain (310K tonnes) and Taiwan (Chinese) (294K tonnes), with a combined 43% share of global production. These countries were followed by Saudi Arabia, Singapore, Finland, Thailand, South Africa and Russia, which together accounted for a further 47%.
What are the leading suppliers of acetone to Saudi Arabia?
+
In value terms, Spain ($2.5M) constituted the largest supplier of acetone to Saudi Arabia, comprising 57% of total imports. The second position in the ranking was occupied by Taiwan (Chinese) ($898K), with a 21% share of total imports.
What are the leading importers of acetone from Saudi Arabia?
+
In value terms, China ($67M) remains the key foreign market for acetone exports from Saudi Arabia, comprising 54% of total exports. The second position in the ranking was occupied by Turkey ($16M), with a 13% share of total exports. It was followed by Germany, with a 12% share.
What is the average export price for acetone in Saudi Arabia?
+
In 2020, the average acetone export price amounted to $727 per tonne, with an increase of 40% against the previous year.
What is the average import price for acetone in Saudi Arabia?
+
The average acetone import price stood at $3,531 per tonne in 2017, almost unchanged from the previous year.

Product coverage:
• Prodcom 20146211 - Acetone

This report provides an in-depth analysis of the acetone 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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