Updated Sep 12, 2022 22:58

Market for Non-Refractory Clay Flooring Blocks, Support Or Filler Tiles in Saudi Arabia

Market Overview
The Saudi market for non-refractory clay flooring blocks, support or filler tiles was estimated at $ in , therefore, remained relatively stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $ in 2007; however, from 2008 to , consumption remained at a lower figure.

In value terms, production of non-refractory clay flooring blocks, support or filler tiles totaled $ in estimated in export price. Over the period under review, production recorded a mild setback. The most prominent rate of growth was recorded in 2018 with an increase of % against the previous year. Over the period under review, production of attained the maximum level at $ in 2007; however, from 2008 to , production remained at a lower figure.


Consumption
In , approx. tons of non-refractory clay flooring blocks, support or filler tiles were consumed in Saudi Arabia; leveling off at the previous year. Over the period under review, consumption, however, enjoyed a notable expansion. Consumption of peaked at tons in 2019; however, from to , consumption failed to regain momentum.

The value of the market for non-refractory clay flooring blocks, support or filler tiles in Saudi Arabia reached $ in , approximately mirroring the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $ in 2007; however, from 2008 to , consumption remained at a lower figure.


Market Forecast
Driven by increasing demand for non-refractory clay flooring blocks, support or filler tiles in Saudi Arabia, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Over the period under review, imports of non-refractory clay flooring blocks, support or filler tiles in Saudi Arabia were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for non-refractory clay flooring blocks, support or filler tiles. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Saudi Arabia remains a net exporter of non-refractory clay flooring blocks, support or filler tiles; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $.