GCC: Diphosphorus Pentaoxide Market 2024

Diphosphorus Pentaoxide Market Size in GCC

The GCC diphosphorus pentaoxide market dropped to $X in 2022, which is down by -7.8% against the previous year. In general, consumption, however, continues to indicate a moderate increase. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Diphosphorus Pentaoxide Production in GCC

In value terms, diphosphorus pentaoxide production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild downturn. The pace of growth appeared the most rapid in 2018 when the production volume increased by 7.7%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Diphosphorus Pentaoxide Exports

Exports in GCC

In 2022, overseas shipments of diphosphorus pentaoxide were finally on the rise to reach X tons after four years of decline. Overall, exports, however, showed a sharp decline. The pace of growth appeared the most rapid in 2017 with an increase of 611% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, diphosphorus pentaoxide exports soared to $X in 2022. In general, exports, however, faced a dramatic decrease. The growth pace was the most rapid in 2017 with an increase of 683%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, the United Arab Emirates (X tons) was the largest exporter of diphosphorus pentaoxide in GCC, creating 100% of total export.

The United Arab Emirates was also the fastest-growing in terms of the diphosphorus pentaoxide exports, with a CAGR of -17.3% from 2012 to 2022. While the share of the United Arab Emirates (+39 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest diphosphorus pentaoxide supplier in GCC.

In the United Arab Emirates, diphosphorus pentaoxide exports plunged by an average annual rate of -20.5% over the period from 2012-2022.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, increasing by 18% against the previous year. Overall, the export price, however, continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2014 when the export price increased by 40%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -3.9% per year.

Diphosphorus Pentaoxide Imports

Imports in GCC

For the fourth year in a row, GCC recorded decline in supplies from abroad of diphosphorus pentaoxide, which decreased by -14.7% to X tons in 2022. Over the period under review, imports, however, showed a resilient expansion. The growth pace was the most rapid in 2013 with an increase of 4,544%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, diphosphorus pentaoxide imports reduced to $X in 2022. In general, imports, however, posted a resilient increase. The pace of growth was the most pronounced in 2013 when imports increased by 519%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Oman prevails in imports structure, amounting to X tons, which was near 95% of total imports in 2022. Kuwait (X tons) and Saudi Arabia (X tons) followed a long way behind the leaders.

Oman was also the fastest-growing in terms of the diphosphorus pentaoxide imports, with a CAGR of +19.3% from 2012 to 2022. At the same time, Kuwait (+6.3%) displayed positive paces of growth. By contrast, Saudi Arabia (-50.2%) illustrated a downward trend over the same period. Oman (+42 p.p.) and Saudi Arabia (+2.5 p.p.) significantly strengthened its position in terms of the total imports, while Kuwait saw its share reduced by -2.1% from 2012 to 2022, respectively.

In value terms, Oman ($X) constitutes the largest market for imported diphosphorus pentaoxide in GCC, comprising 91% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 5.4% share of total imports.

In Oman, diphosphorus pentaoxide imports expanded at an average annual rate of +19.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (-23.3% per year) and Kuwait (+15.1% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, with an increase of 3.2% against the previous year. Overall, the import price posted pronounced growth. The pace of growth was the most pronounced in 2014 when the import price increased by 812% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+54.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform