MENA: Market for Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals 2024

Market Size for Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals in MENA

In 2021, after four years of growth, there was decline in the MENA's market for chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals, when its value decreased by -4.3% to $X. The total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +57.0% against 2016 indices. The level of consumption peaked at $X in 2020, and then reduced modestly in the following year.

Production of Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals in MENA

In value terms, production of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals fell to $X in 2021 estimated in export price. Over the period under review, production, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 24% against the previous year. Over the period under review, production of hit record highs at $X in 2020, and then declined slightly in the following year.

Exports of Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals

Exports in MENA

In 2021, shipments abroad of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals increased by 189% to X tons, rising for the second year in a row after three years of decline. Overall, exports posted a buoyant expansion. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals soared to $X in 2021. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 185% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Israel represented the main exporter of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals in MENA, with the volume of exports accounting for X tons, which was near 73% of total exports in 2021. It was distantly followed by the United Arab Emirates (X tons), comprising an 18% share of total exports. Turkey (X tons) and Jordan (X tons) held a little share of total exports.

Israel was also the fastest-growing in terms of the chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals exports, with a CAGR of +58.1% from 2012 to 2021. At the same time, the United Arab Emirates (+13.7%) displayed positive paces of growth. By contrast, Jordan (-1.4%) and Turkey (-8.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Israel and the United Arab Emirates increased by +70 and +3.3 percentage points, respectively.

In value terms, Israel ($X) remains the largest chlorides and phosphorus oxychloride and halides supplier in MENA, comprising 58% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 22% share of total exports. It was followed by Turkey, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Israel totaled +57.0%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+24.3% per year) and Turkey (+14.9% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, falling by -23.8% against the previous year. In general, the export price, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 an increase of 142% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Turkey ($X per ton), while Jordan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+25.0%), while the other leaders experienced more modest paces of growth.

Imports of Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals

Imports in MENA

Imports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals soared to X tons in 2021, rising by 27% against 2020 figures. Total imports indicated a modest expansion from 2012 to 2021: its volume increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +52.6% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 61% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals rose markedly to $X in 2021. Total imports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +58.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 47% against the previous year. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Israel (X tons) and Turkey (X tons) represented roughly 63% of total imports in 2021. Saudi Arabia (X tons) took an 18% share (based on physical terms) of total imports, which put it in second place, followed by Iraq (4.6%). Kuwait (X tons), the United Arab Emirates (X tons) and Egypt (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +27.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest chlorides and phosphorus oxychloride and halides importing markets in MENA were Israel ($X), Turkey ($X) and Saudi Arabia ($X), together accounting for 67% of total imports.

Among the main importing countries, Turkey, with a CAGR of +13.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, declining by -15.2% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 22%. As a result, import price attained the peak level of $X per ton, and then shrank sharply in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+2.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform