Saudi Arabia: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in Saudi Arabia

In 2022, after four years of growth, there was decline in the Saudi rolled bitumen articles market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Rolled bitumen articles consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Rolled Bitumen Articles Production in Saudi Arabia

In value terms, rolled bitumen articles production amounted to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Rolled Bitumen Articles Exports

Exports from Saudi Arabia

In 2022, overseas shipments of articles of bitumen in rolls were finally on the rise to reach X square meters after two years of decline. Over the period under review, exports, however, continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at X square meters in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, rolled bitumen articles exports expanded markedly to $X in 2022. In general, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X square meters) was the main destination for rolled bitumen articles exports from Saudi Arabia, with a X% share of total exports. Moreover, rolled bitumen articles exports to the United Arab Emirates exceeded the volume sent to the second major destination, Oman (X square meters), twofold. The third position in this ranking was taken by Kuwait (X square meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Kuwait (X% per year).

In value terms, the United Arab Emirates ($X), Kuwait ($X) and Oman ($X) constituted the largest markets for rolled bitumen articles exported from Saudi Arabia worldwide, with a combined X% share of total exports. Bahrain, Jordan and Lebanon lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Bahrain, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average rolled bitumen articles export price amounted to $X per square meter, reducing by X% against the previous year. In general, the export price saw a perceptible reduction. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per square meter in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Kuwait ($X per square meter) and Lebanon ($X per square meter), while the average price for exports to Jordan ($X per square meter) and Bahrain ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (X%), while the prices for the other major destinations experienced mixed trend patterns.

Rolled Bitumen Articles Imports

Imports into Saudi Arabia

In 2021, rolled bitumen articles imports into Saudi Arabia stood at X square meters, stabilizing at the year before. Overall, imports posted a buoyant increase. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, rolled bitumen articles imports totaled $X in 2021. In general, imports posted a resilient expansion. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, the United States (X square meters) was the main rolled bitumen articles supplier to Saudi Arabia, accounting for a approx. X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled X%.

In value terms, the United States ($X) constituted the largest supplier of articles of bitumen in rolls to Saudi Arabia.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled X%.

Import Prices by Country

The average rolled bitumen articles import price stood at $X per square meter in 2021, approximately reflecting the previous year. In general, the import price recorded modest growth. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for Singapore amounted to X% per year.

Source: IndexBox Platform

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