Report Update Apr 1, 2024

Saudi Arabia - Benzoic Acid, Its Salts and Esters - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Benzoic Acid Market 2024

Benzoic Acid Market Size in Saudi Arabia

The Saudi benzoic acid market stood at $X in 2022, standing approx. at the previous year. In general, consumption continues to indicate resilient growth. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Benzoic Acid Production in Saudi Arabia

In value terms, benzoic acid production reached $X in 2022 estimated in export price. In general, production saw a resilient expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Benzoic acid production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Benzoic Acid Exports

Exports from Saudi Arabia

Benzoic acid exports from Saudi Arabia was estimated at X tons in 2022, approximately mirroring the previous year. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, benzoic acid exports surged to $X in 2022. Overall, exports posted resilient growth. The growth pace was the most rapid in 2016 with an increase of X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Slovakia (X tons) was the main destination for benzoic acid exports from Saudi Arabia, accounting for a approx. X% share of total exports.

From 2018 to 2022, the average annual rate of growth in terms of volume to Slovakia was relatively modest.

In value terms, Slovakia ($X) emerged as the key foreign market for benzoic acid, its salts and esters exports from Saudi Arabia.

From 2018 to 2022, the average annual growth rate of value to Slovakia was relatively modest.

Export Prices by Country

The average benzoic acid export price stood at $X per ton in 2022, approximately equating the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 a decrease of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Slovakia.

From 2018 to 2022, the rate of growth in terms of prices for Kuwait amounted to X% per year.

Benzoic Acid Imports

Imports into Saudi Arabia

In 2017, after two years of decline, there was decline in purchases abroad of benzoic acid, its salts and esters, when their volume decreased by X% to X tons. In general, imports saw resilient growth. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked in 2017 and are likely to see gradual growth in years to come.

In value terms, benzoic acid imports amounted to $X in 2017. Over the period under review, imports enjoyed significant growth. The pace of growth was the most pronounced in 2013 with an increase of X%. Imports peaked in 2017 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2017, Italy (X tons) constituted the largest benzoic acid supplier to Saudi Arabia, accounting for a X% share of total imports. Moreover, benzoic acid imports from Italy exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. India (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2017, the average annual rate of growth in terms of volume from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and India (X% per year).

In value terms, Italy ($X) constituted the largest supplier of benzoic acid, its salts and esters to Saudi Arabia, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2017, the average annual growth rate of value from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and India (X% per year).

Import Prices by Country

The average benzoic acid import price stood at $X per ton in 2017, almost unchanged from the previous year. Over the period under review, the import price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2017, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2017, amid the top importers, the countries with the highest prices were Italy ($X per ton) and Germany ($X per ton), while the price for India ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2017, the most notable rate of growth in terms of prices was attained by the United States (X%), 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 benzoic acid, its salts and esters in the world?

The countries with the highest volumes of consumption in 2022 were China, the United States and India, together accounting for 41% of global consumption. The Netherlands, Germany, Brazil, Japan, Estonia, Mexico, Turkey, South Korea, Italy and Saudi Arabia lagged somewhat behind, together accounting for a further 35%.

What are the largest producers of benzoic acid, its salts and esters in the world?

The countries with the highest volumes of production in 2022 were China, the Netherlands and Estonia, together comprising 69% of global production. The United States, India, Japan and Saudi Arabia lagged somewhat behind, together accounting for a further 21%.

What are the leading suppliers of benzoic acid, its salts and esters to Saudi Arabia?

In value terms, Italy constituted the largest supplier of benzoic acid, its salts and esters to Saudi Arabia, comprising 39% of total imports. The second position in the ranking was taken by the United States, with a 15% share of total imports. It was followed by India, with a 12% share.

What are the leading importers of benzoic acid, its salts and esters from Saudi Arabia?

In value terms, Slovakia emerged as the key foreign market for benzoic acid, its salts and esters exports from Saudi Arabia.

What is the average export price for benzoic acid, its salts and esters in Saudi Arabia?

The average benzoic acid export price stood at $2,885 per ton in 2022, almost unchanged from the previous year.

What is the average import price for benzoic acid, its salts and esters in Saudi Arabia?

In 2017, the average benzoic acid import price amounted to $3,295 per ton, approximately equating the previous year.

This report provides an in-depth analysis of the benzoic 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 2030.

Product coverage:

Prodcom 20143363 - Benzoic acid, its salts and esters

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023