Saudi Arabia: Market for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like 2024

Market Size for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Saudi Arabia

The Saudi articles of fiber cement market declined slightly to $X in 2023, flattening at the previous year. Overall, consumption saw a noticeable decrease. Articles of fiber cement consumption peaked at $X in 2015; however, from 2016 to 2023, consumption failed to regain momentum.

Production of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Saudi Arabia

In value terms, articles of fiber cement production amounted to $X in 2023 estimated in export price. In general, production, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2023, production stood at a somewhat lower figure.

Exports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Exports from Saudi Arabia

Articles of fiber cement exports from Saudi Arabia soared to X tons in 2023, rising by X% against the year before. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, articles of fiber cement exports totaled $X in 2023. In general, exports posted resilient growth. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for articles of fiber cement exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, articles of fiber cement exports to the United Arab Emirates exceeded the volume sent to the second major destination, the UK (X tons), twofold. The third position in this ranking was taken by Jordan (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Jordan (X% per year).

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

From 2012 to 2023, the average annual growth rate of value to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Egypt (X% per year).

Export Prices by Country

In 2023, the average articles of fiber cement export price amounted to $X per ton, waning by X% against the previous year. In general, the export price saw a deep setback. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Jordan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Imports into Saudi Arabia

In 2023, purchases abroad of articles of asbestos-cement, cellulose fiber-cement or the like decreased by X% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports showed a sharp decrease. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

In value terms, articles of fiber cement imports stood at $X in 2023. In general, imports recorded a deep contraction. The pace of growth was the most pronounced in 2019 when imports increased by X%. Imports peaked at $X in 2015; however, from 2016 to 2023, imports remained at a lower figure.

Imports by Country

India (X tons) and Germany (X tons) were the main suppliers of articles of fiber cement imports to Saudi Arabia.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%).

In value terms, the largest articles of fiber cement suppliers to Saudi Arabia were Germany ($X) and India ($X).

Germany, 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

The average articles of fiber cement import price stood at $X per ton in 2023, remaining relatively unchanged against the previous year. In general, the import price continues to indicate strong growth. The growth pace was the most rapid in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for India stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform