Saudi Arabia: Market for Ready-Mixed Concrete And Factory Made Mortars 2024

Market Size for Ready-Mixed Concrete And Factory Made Mortars in Saudi Arabia

The Saudi market for ready-mixed concrete and factory made mortars contracted modestly to $X in 2023, declining by X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market remained at a lower figure.

Production of Ready-Mixed Concrete And Factory Made Mortars in Saudi Arabia

In value terms, production of ready-mixed concrete and factory made mortars fell to $X in 2023 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2023, production of growth failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Ready-Mixed Concrete And Factory Made Mortars

Exports from Saudi Arabia

In 2023, shipments abroad of ready-mixed concrete and factory made mortars decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Over the period under review, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at X tons in 2022, and then fell in the following year.

In value terms, exports of ready-mixed concrete and factory made mortars contracted to $X in 2023. In general, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports of reached the peak figure at $X in 2022, and then contracted in the following year.

Exports by Country

The Philippines (X tons) was the main destination for exports of ready-mixed concrete and factory made mortars from Saudi Arabia, accounting for a approx. X% share of total exports.

From 2013 to 2023, the average annual rate of growth in terms of volume to the Philippines was relatively modest.

From 2013 to 2023, the average annual rate of growth in terms of value to the Philippines was relatively modest.

Export Prices by Country

In 2023, the average export price for ready-mixed concrete and factory made mortars amounted to $X per ton, rising by X% against the previous year. In general, the export price, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2020 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

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

From 2013 to 2023, the rate of growth in terms of prices for Qatar amounted to X% per year.

Imports of Ready-Mixed Concrete And Factory Made Mortars

Imports into Saudi Arabia

In 2020, supplies from abroad of ready-mixed concrete and factory made mortars decreased by X% to X tons for the first time since 2017, thus ending a two-year rising trend. Overall, imports, however, saw a temperate expansion. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2020, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of ready-mixed concrete and factory made mortars reduced rapidly to $X in 2020. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at $X in 2015; however, from 2016 to 2020, imports failed to regain momentum.

Imports by Country

In 2020, the United Arab Emirates (X tons) constituted the largest ready-mixed concrete and factory made mortar supplier to Saudi Arabia, with a X% share of total imports. Moreover, imports of ready-mixed concrete and factory made mortars from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Germany (X% per year).

In value terms, the United Arab Emirates ($X), Germany ($X) and Norway ($X) constituted the largest ready-mixed concrete and factory made mortar suppliers to Saudi Arabia, together accounting for X% of total imports.

Germany, 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 more modest paces of growth.

Import Prices by Country

The average import price for ready-mixed concrete and factory made mortars stood at $X per ton in 2020, growing by X% against the previous year. In general, the import price, however, showed a noticeable shrinkage. The growth pace was the most rapid in 2015 an increase of X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform