Saudi Arabia: Industrial Fatty Alcohols Market 2024

Industrial Fatty Alcohols Market Size in Saudi Arabia

The Saudi industrial fatty alcohols market soared to $X in 2023, with an increase of X% against the previous year. Over the period under review, the total consumption indicated a mild expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Industrial fatty alcohols consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Industrial Fatty Alcohols Production in Saudi Arabia

In value terms, industrial fatty alcohols production reached $X in 2023 estimated in export price. In general, the total production indicated a strong expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Industrial Fatty Alcohols Exports

Exports from Saudi Arabia

In 2023, the amount of industrial fatty alcohols exported from Saudi Arabia contracted remarkably to X tons, reducing by X% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2022, and then fell notably in the following year.

In value terms, industrial fatty alcohols exports contracted notably to $X in 2023. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at $X in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for industrial fatty alcohols exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, industrial fatty alcohols exports to China exceeded the volume sent to the second major destination, the United States (X tons), threefold. Turkey (X tons) ranked third in terms of total exports with a X% share.

From 2013 to 2023, the average annual growth rate of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Turkey (X% per year).

It was followed by Turkey, with a X% share.

From 2013 to 2023, the average annual rate of growth in terms of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Turkey (X% per year).

Export Prices by Country

The average industrial fatty alcohols export price stood at $X per ton in 2023, growing by X% against the previous year. Overall, the export price, however, continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Brazil ($X per ton) and the United States ($X per ton), while the average price for exports to Turkey ($X per ton) and China ($X per ton) were amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (X%), while the prices for the other major destinations experienced a decline.

Industrial Fatty Alcohols Imports

Imports into Saudi Arabia

In 2023, imports of industrial fatty alcohols into Saudi Arabia was estimated at X tons, remaining constant against the previous year. Over the period under review, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, industrial fatty alcohols imports totaled $X in 2023. Overall, imports saw a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the United States (X tons) and Malaysia (X tons) were the main suppliers of industrial fatty alcohols imports to Saudi Arabia, together comprising X% of total imports.

From 2012 to 2023, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest industrial fatty alcohols suppliers to Saudi Arabia were China ($X), the United States ($X) and Malaysia ($X), together comprising X% of total imports.

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

Import Prices by Country

The average industrial fatty alcohols import price stood at $X per ton in 2023, remaining constant against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was China ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform