Middle East: Diphosphorus Pentaoxide Market 2024

Diphosphorus Pentaoxide Market Size in the Middle East

After three years of decline, the Middle Eastern diphosphorus pentaoxide market increased by 138% to $X in 2022. In general, consumption continues to indicate a resilient increase. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Diphosphorus Pentaoxide Production in the Middle East

In value terms, diphosphorus pentaoxide production contracted modestly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 14% against the previous year. 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 the Middle East

In 2022, diphosphorus pentaoxide exports in the Middle East fell notably to X tons, declining by -83.6% on the previous year's figure. Overall, exports, however, enjoyed a perceptible increase. The pace of growth was the most pronounced in 2021 when exports increased by 1,038%. As a result, the exports reached the peak of X tons, and then shrank remarkably in the following year.

In value terms, diphosphorus pentaoxide exports reduced sharply to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 888%. 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

Turkey was the major exporter of diphosphorus pentaoxide in the Middle East, with the volume of exports accounting for X tons, which was approx. 86% of total exports in 2022. It was distantly followed by Israel (X tons), creating a 10% share of total exports. The United Arab Emirates (X tons) took a minor share of total exports.

Turkey was also the fastest-growing in terms of the diphosphorus pentaoxide exports, with a CAGR of +59.1% from 2012 to 2022. Israel (-3.4%) and the United Arab Emirates (-17.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey increased by +86 percentage points.

In value terms, Turkey ($X) remains the largest diphosphorus pentaoxide supplier in the Middle East, comprising 78% of total exports. The second position in the ranking was held by Israel ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Turkey amounted to +65.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (+0.5% per year) and the United Arab Emirates (-20.5% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, which is down by -8.2% against the previous year. Over the period under review, the export price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2014 an increase of 99%. Over the period under review, the export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+4.1%), while the other leaders experienced mixed trends in the export price figures.

Diphosphorus Pentaoxide Imports

Imports in the Middle East

After two years of decline, supplies from abroad of diphosphorus pentaoxide increased by 26% to X tons in 2022. In general, imports recorded a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of 444% against the previous year. 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 surged to $X in 2022. Over the period under review, imports enjoyed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey was the largest importing country with an import of around X tons, which finished at 78% of total imports. It was distantly followed by Oman (X tons), achieving a 15% share of total imports. Iran (X tons) and Israel (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to diphosphorus pentaoxide imports into Turkey stood at +7.1%. At the same time, Iran (+19.3%) and Oman (+19.3%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +19.3% from 2012-2022. By contrast, Israel (-7.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Oman and Iran increased by +9.9 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported diphosphorus pentaoxide in the Middle East, comprising 86% of total imports. The second position in the ranking was taken by Oman ($X), with a 9.8% share of total imports. It was followed by Israel, with a 2.1% share.

In Turkey, diphosphorus pentaoxide imports expanded at an average annual rate of +13.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Oman (+19.4% per year) and Israel (-3.1% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, growing by 36% against the previous year. In general, the import price showed a remarkable increase. The pace of growth appeared the most rapid in 2014 an increase of 288% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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