Latest Report Update: May 17, 2021

Saudi Arabia - Acrylic Acid And Its Salts And Other Monocarboxylic Acid - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service and Privacy Policy. We'll occasionally send you account related emails.

Saudi Arabia: Monocarboxylic Acid Market Overview 2021

Webinar: Global Anhydrous Ammonia Market - Statistics, Trends, and Outlook

Join our live webinar to get insights into the global anhydrous ammonia market.

Tuesday, June 15th, 2021 @ 10:00 am ET

Register Now

Monocarboxylic Acid Market Size in Saudi Arabia

In 2020, the Saudi monocarboxylic acid market increased by X% to $X, rising for the fourth year in a row after two years of decline. Over the period under review, the total consumption indicated a measured expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2018 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs in 2020 and is likely to see steady growth in the near future.

Monocarboxylic Acid Production in Saudi Arabia

In value terms, monocarboxylic acid production rose rapidly to $X in 2020 estimated in export prices. In general, production saw moderate growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2020, production remained at a lower figure.

Monocarboxylic Acid Exports

Exports from Saudi Arabia

In 2020, overseas shipments of acrylic acid and its salts and other monocarboxylic acid decreased by -X% to X tonnes, falling for the fifth consecutive year after four years of growth. Overall, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2015; however, from 2016 to 2020, exports remained at a lower figure.

In value terms, monocarboxylic acid exports reached $X in 2020. Over the period under review, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2014 when exports increased by X% y-o-y. Exports peaked at $X in 2015; however, from 2016 to 2020, exports remained at a lower figure.

Exports by Country

India (X tonnes) was the main destination for monocarboxylic acid exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, monocarboxylic acid exports to India exceeded the volume sent to the second major destination, Turkey (X tonnes), twofold. The third position in this ranking was occupied by the United Arab Emirates (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to India totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-X% per year) and the United Arab Emirates (-X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value to India stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-X% per year) and the United Arab Emirates (-X% per year).

Export Prices by Country

In 2020, the average monocarboxylic acid export price amounted to $X per tonne, leveling off at the previous year. In general, export price indicated a tangible increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, monocarboxylic acid export price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. The export price peaked at $X per tonne in 2014; however, from 2015 to 2020, export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2020, the highest prices were recorded for prices to Belgium ($X per tonne) and Egypt ($X per tonne), while the average price for exports to the United Arab Emirates ($X per tonne) and Singapore ($X per tonne) were amongst the lowest.

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

Monocarboxylic Acid Imports

Imports into Saudi Arabia

In 2020, supplies from abroad of acrylic acid and its salts and other monocarboxylic acid decreased by -X% to X tonnes for the first time since 2017, thus ending a two-year rising trend. Over the period under review, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of X tonnes, and then reduced notably in the following year.

In value terms, monocarboxylic acid imports shrank sharply to $X in 2020. Overall, imports, however, posted a resilient increase. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then reduced markedly in the following year.

Imports by Country

India (X tonnes), China (X tonnes) and Italy (X tonnes) were the main suppliers of monocarboxylic acid imports to Saudi Arabia, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest monocarboxylic acid suppliers to Saudi Arabia were China ($X), Italy ($X) and India ($X), together comprising X% of total imports.

Among the main suppliers, China recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average monocarboxylic acid import price amounted to $X per tonne, reducing by -X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2012 an increase of X% year-to-year. As a result, import price reached the peak level of $X per tonne. From 2013 to 2020, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per tonne), while the price for France ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for acrylic acid and its salts and other monocarboxylic acid in the world?
+
The countries with the highest volumes of monocarboxylic acid consumption in 2020 were China (899K tonnes), the U.S. (529K tonnes) and India (350K tonnes), with a combined 46% share of global consumption. These countries were followed by Russia, Japan, Brazil, Indonesia, Germany, France, Mexico, Democratic Republic of the Congo, South Korea and Canada, which together accounted for a further 33%.
What are the largest producers of acrylic acid and its salts and other monocarboxylic acid in the world?
+
The countries with the highest volumes of monocarboxylic acid production in 2020 were China (1M tonnes), the U.S. (524K tonnes) and India (316K tonnes), with a combined 48% share of global production. These countries were followed by Russia, Germany, Japan, Brazil, Indonesia, France, Mexico, Democratic Republic of the Congo, Malaysia and Canada, which together accounted for a further 35%.
What are the leading suppliers of acrylic acid and its salts and other monocarboxylic acid to Saudi Arabia?
+
In value terms, the largest monocarboxylic acid suppliers to Saudi Arabia were China ($1.5M), Italy ($1.2M) and India ($790K), together comprising 57% of total imports.
What are the leading importers of acrylic acid and its salts and other monocarboxylic acid from Saudi Arabia?
+
In value terms, India ($582K) remains the key foreign market for monocarboxylic acid exports from Saudi Arabia, comprising 49% of total exports. The second position in the ranking was occupied by Turkey ($247K), with a 21% share of total exports. It was followed by the United Arab Emirates, with a 11% share.
What is the average export price for acrylic acid and its salts and other monocarboxylic acid in Saudi Arabia?
+
The average monocarboxylic acid export price stood at $1,515 per tonne in 2020, stabilizing at the previous year.
What is the average import price for acrylic acid and its salts and other monocarboxylic acid in Saudi Arabia?
+
The average monocarboxylic acid import price stood at $2,408 per tonne in 2020, declining by -14.1% against the previous year.

Product coverage:
• Prodcom 20143310 - Acrylic acid and its salts and other monocarboxylic acid

This report provides an in-depth analysis of the monocarboxylic acid 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

Webinar: Global Anhydrous Ammonia Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global anhydrous ammonia market.



Tuesday, June 15th, 2021 @ 10:00 am ET


Register

Webinar: Global Ethanol Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global ethanol market.



Thursday, June 24th, 2021 @ 10:00 am ET


Register

Webinar: Global Methanol Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global methanol market.



Thursday, July 8th, 2021 @ 10:00 am ET


Register
Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data