Saudi Arabia: Market for Articles Of Graphite Or Other Carbon For Electrical Purposes 2024

Market Size for Articles Of Graphite Or Other Carbon For Electrical Purposes in Saudi Arabia

In 2022, the Saudi carbon for electrical purposes market increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Exports of Articles Of Graphite Or Other Carbon For Electrical Purposes

Exports from Saudi Arabia

In 2022, the amount of articles of graphite or other carbon for electrical purposes exported from Saudi Arabia stood at X tons, approximately reflecting the year before. In general, exports saw a deep setback. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, carbon for electrical purposes exports amounted to $X in 2022. Over the period under review, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X tons) was the main destination for carbon for electrical purposes exports from Saudi Arabia, with a X% share of total exports. Moreover, carbon for electrical purposes exports to Oman exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), more than tenfold.

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

In value terms, Oman ($X) emerged as the key foreign market for articles of graphite or other carbon for electrical purposes exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was held by Bahrain ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Oman was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average carbon for electrical purposes export price amounted to $X per ton, almost unchanged from the previous year. In general, the export price recorded a resilient expansion. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Oman ($X per ton) was 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.

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Imports of Articles Of Graphite Or Other Carbon For Electrical Purposes

Imports into Saudi Arabia

In 2022, overseas purchases of articles of graphite or other carbon for electrical purposes increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports posted a mild expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, carbon for electrical purposes imports reached $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Spain (X tons), India (X tons) and Japan (X tons) were the main suppliers of carbon for electrical purposes imports to Saudi Arabia, together comprising X% of total imports. These countries were followed by China, which accounted for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest carbon for electrical purposes suppliers to Saudi Arabia were India ($X), Spain ($X) and Japan ($X), with a combined X% share of total imports. These countries were followed by China, which accounted for a further X%.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average carbon for electrical purposes import price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price saw a noticeable reduction. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform