Saudi Arabia - Tankers - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingSaudi Arabia: Tanker Market 2024
Tanker Market Size in Saudi Arabia
In 2023, the Saudi tanker market was finally on the rise to reach $X after two years of decline. In general, consumption saw a noticeable increase. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2023, consumption remained at a lower figure.
Tanker Production in Saudi Arabia
In value terms, tanker production totaled $X in 2023 estimated in export price. In general, production posted a strong increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.
Tanker Exports
Exports from Saudi Arabia
In 2023, exports of tankers from Saudi Arabia contracted sharply to less than X units, waning by X% compared with 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2022, and then declined dramatically in the following year.
In value terms, tanker exports contracted significantly to $X in 2023. Over the period under review, exports, however, showed a strong expansion. The pace of growth was the most pronounced in 2022 with an increase of X%. As a result, the exports attained the peak of $X, and then shrank significantly in the following year.
Exports by Country
Bahrain (X units) was the main destination for tanker exports from Saudi Arabia, with a approx. X% share of total exports.
From 2015 to 2018, the average annual rate of growth in terms of volume to Bahrain was relatively modest.
In value terms, Bahrain ($X) emerged as the key foreign market for tankers exports from Saudi Arabia.
From 2015 to 2018, the average annual growth rate of value to Bahrain totaled X%.
Export Prices by Country
The average tanker export price stood at $X,001 per unit in 2018, leveling off at the previous year. In general, the export price showed a sharp shrinkage. The pace of growth was the most pronounced in 2016 when the average export price decreased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X,132 per unit in 2015; however, from 2016 to 2018, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Bahrain.
From 2015 to 2018, the rate of growth in terms of prices for Bahrain amounted to X% per year.
Tanker Imports
Imports into Saudi Arabia
In 2017, overseas purchases of tankers decreased by X% to X units, falling for the third consecutive year after two years of growth. In general, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2017, the growth of imports remained at a somewhat lower figure.
In value terms, tanker imports totaled $X in 2017. Overall, imports saw a precipitous slump. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2017, the growth of imports failed to regain momentum.
Imports by Country
Singapore (X units) and Turkey (X units) were the main suppliers of tanker imports to Saudi Arabia. Moreover, tanker imports in Singapore exceeded the figures recorded by the second-largest supplier, Turkey, twofold.
From 2013 to 2017, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of X%).
In value terms, Turkey ($X) and Singapore ($X) appeared to be the largest tanker suppliers to Saudi Arabia.
Turkey, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review.
Import Prices by Country
In 2017, the average tanker import price amounted to $X,333 per unit, remaining relatively unchanged against the previous year. In general, the import price recorded a sharp reduction. The most prominent rate of growth was recorded in 2015 a decrease of X%. Over the period under review, average import prices reached the maximum at $X,000 per unit in 2013; however, from 2014 to 2017, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2017, amid the top importers, the country with the highest price was Turkey ($X,000 per unit), while the price for Singapore stood at $X,000 per unit.
From 2013 to 2017, the most notable rate of growth in terms of prices was attained by Singapore (X%).
Source: IndexBox Platform
This report provides an in-depth analysis of the tanker 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 30112210 - Crude oil tankers
- Prodcom 30112230 - Oil product tankers
- Prodcom 30112250 - Chemical tankers
- Prodcom 30112270 - Gas carriers
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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- 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- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- 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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
Recommended reports
This report provides an in-depth analysis of the tanker market in Asia.
This report provides an in-depth analysis of the tanker market in the U.S..
This report provides an in-depth analysis of the tanker market in China.
This report provides an in-depth analysis of the tanker market in the EU.
This report provides an in-depth analysis of the global tanker market.