Middle East: Dicalcium Phosphate Market 2024

Dicalcium Phosphate Market Size in the Middle East

The Middle Eastern dicalcium phosphate market skyrocketed to $X in 2021, picking up by 155% against the previous year. In general, consumption posted a significant expansion. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Dicalcium Phosphate Production in the Middle East

In value terms, dicalcium phosphate production skyrocketed to $X in 2021 estimated in export price. In general, production enjoyed significant growth. The pace of growth was the most pronounced in 2018 when the production volume increased by 1,320% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Dicalcium Phosphate Exports

Exports in the Middle East

Dicalcium phosphate exports declined significantly to X tons in 2021, dropping by -28.6% against the previous year's figure. Overall, exports, however, posted a strong expansion. The pace of growth was the most pronounced in 2014 when exports increased by 129%. Over the period under review, the exports attained the peak figure at X tons in 2020, and then shrank significantly in the following year.

In value terms, dicalcium phosphate exports reduced slightly to $X in 2021. In general, exports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of 112% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020, and then dropped in the following year.

Exports by Country

In 2021, Turkey (X tons) represented the major exporter of calcium hydrogenorthophosphate (dicalcium phosphate) in the Middle East, achieving 97% of total export.

Turkey was also the fastest-growing in terms of the calcium hydrogenorthophosphate (dicalcium phosphate) exports, with a CAGR of +14.9% from 2012 to 2021. From 2012 to 2021, the share of Turkey increased by +14 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) also remains the largest dicalcium phosphate supplier in the Middle East.

In Turkey, dicalcium phosphate exports increased at an average annual rate of +13.6% over the period from 2012-2021.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, increasing by 37% against the previous year. Overall, the export price, however, showed a slight curtailment. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Turkey amounted to -1.2% per year.

Dicalcium Phosphate Imports

Imports in the Middle East

In 2021, purchases abroad of calcium hydrogenorthophosphate (dicalcium phosphate) decreased by -35% to X tons, falling for the third consecutive year after three years of growth. In general, imports showed a deep reduction. The most prominent rate of growth was recorded in 2017 when imports increased by 11% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, dicalcium phosphate imports contracted slightly to $X in 2021. Over the period under review, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 6.6% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Saudi Arabia represented the key importing country with an import of around X tons, which recorded 40% of total imports. Syrian Arab Republic (X tons) ranks second in terms of the total imports with an 11% share, followed by Turkey (10%), Iraq (8.2%), the United Arab Emirates (8.1%), Oman (7.2%) and Iran (5.6%).

From 2012 to 2021, average annual rates of growth with regard to dicalcium phosphate imports into Saudi Arabia stood at -4.7%. At the same time, the United Arab Emirates (+37.6%), Iraq (+9.2%) and Oman (+3.1%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +37.6% from 2012-2021. By contrast, Turkey (-5.3%), Iran (-19.6%) and Syrian Arab Republic (-20.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Saudi Arabia, the United Arab Emirates, Iraq, Oman and Turkey increased by +13, +7.9, +6.6, +4.8 and +3.1 percentage points, respectively.

In value terms, Saudi Arabia ($X), Turkey ($X) and the United Arab Emirates ($X) were the countries with the highest levels of imports in 2021, together comprising 62% of total imports.

The United Arab Emirates, with a CAGR of +42.5%, saw the highest growth rate of the value of imports, among the main importing countries 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 the Middle East amounted to $X per ton, rising by 53% against the previous year. Import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dicalcium phosphate import price increased by +72.3% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+8.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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