Price for Liquid Elevators; Parts Thereof in Saudi Arabia - 2021

Contents:

1. Price for Liquid Elevators; Parts Thereof in Saudi Arabia (CIF) - 2022
2. Price for Liquid Elevators; Parts Thereof in Saudi Arabia (FOB) - 2022
3. Imports of Liquid Elevators; Parts Thereof in Saudi Arabia
4. Exports of Liquid Elevators; Parts Thereof in Saudi Arabia

Price for Liquid Elevators; Parts Thereof in Saudi Arabia (CIF) - 2022

The average liquid elevators; parts thereof import price stood at $14,371 per ton in 2021, growing by 4% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 119%. As a result, import price reached the peak level of $29,665 per ton. From 2015 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($33,210 per ton), while the price for Spain ($5,569 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Liquid Elevators; Parts Thereof in Saudi Arabia (FOB) - 2022

The average liquid elevators; parts thereof export price stood at $26,750 per ton in 2021, rising by 19% against the previous year. Over the period under review, the export price saw a noticeable increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 132% against the previous year. Over the period under review, the average export prices hit record highs at $100,841 per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($28,008 per ton), while the average price for exports to Bahrain ($1,051 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (+23.1%).

Imports of Liquid Elevators; Parts Thereof in Saudi Arabia

In 2022, approx. 1.7K tons of liquid elevators; parts thereoves were imported into Saudi Arabia; which is down by -15.2% compared with the year before. Over the period under review, imports showed a noticeable curtailment. The pace of growth was the most pronounced in 2021 with an increase of 44% against the previous year. As a result, imports attained the peak of 2K tons, and then declined remarkably in the following year.

In value terms, liquid elevators; parts thereof imports fell rapidly to $24M in 2022. In general, total imports indicated noticeable growth from 2019 to 2022: its value increased at an average annual rate of +4.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +24.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49%. As a result, imports attained the peak of $29M, and then reduced remarkably in the following year.

Top Suppliers of Liquid Elevators; Parts Thereof to Saudi Arabia in 2022:

1. China (512.7 tons)
2. India (270.1 tons)
3. Italy (211.2 tons)
4. United States (176.4 tons)
5. Vietnam (111.0 tons)
6. Taiwan (Chinese) (97.7 tons)
7. Germany (96.9 tons)
8. Spain (85.1 tons)
9. Czech Republic (74.4 tons)
10. South Africa (49.9 tons)
11. United Arab Emirates (38.6 tons)
12. South Korea (38.0 tons)
13. Greece (37.5 tons)

Exports of Liquid Elevators; Parts Thereof in Saudi Arabia

Liquid elevators; parts thereof exports from Saudi Arabia surged to 41 tons in 2022, rising by 1,638% against the year before. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 7,120% against the previous year. As a result, the exports reached the peak of 79 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, liquid elevators; parts thereof exports contracted remarkably to $53K in 2022. In general, exports, however, recorded a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 2,534%. As a result, the exports reached the peak of $1.8M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Liquid Elevators; Parts Thereof from Saudi Arabia in 2022:

1. United Arab Emirates (7.3 tons)
2. Turkey (1.1 tons)
3. Bahrain (0.2 tons)

Source: IndexBox Market Intelligence Platform