Middle East: Phosphate Rock Market 2022

Phosphate Rock Market Size in the Middle East

In 2020, the Middle Eastern phosphate rock market increased by X% to $X, rising for the eighth year in a row after three years of decline. In general, consumption posted a prominent expansion. The most prominent rate of growth was recorded in 2016 when the market value increased by X% year-to-year. The level of consumption peaked in 2020 and is likely to see gradual growth in years to come.

Phosphate Rock Production in the Middle East

In value terms, phosphate rock production surged to $X in 2020 estimated in export prices. Overall, production recorded a prominent expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Production By Country in the Middle East

The countries with the highest volumes of phosphate rock production in 2020 were Jordan (X tons), Saudi Arabia (X tons) and Israel (X tons), together comprising X% of total production.

From 2007 to 2020, the most notable rate of growth in terms of phosphate rock production, amongst the key producing countries, was attained by Saudi Arabia, while phosphate rock production for the other leaders experienced more modest paces of growth.

Phosphate Rock Exports

Exports in the Middle East

Phosphate rock exports shrank to X tons in 2020, with a decrease of -X% compared with 2019 figures. Overall, exports, however, recorded a mild expansion. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at X tons in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

In value terms, phosphate rock exports fell significantly to $X in 2020. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. As a result, exports reached the peak of $X. from 2009 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Jordan was the major exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by Israel (X tons), Syrian Arab Republic (X tons) and the United Arab Emirates (X tons), together mixing up a X% share of total exports.

Exports from Jordan increased at an average annual rate of +X% from 2007 to 2020. At the same time, the United Arab Emirates (+X%) and Israel (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +X% from 2007-2020. By contrast, Syrian Arab Republic (-X%) illustrated a downward trend over the same period. The United Arab Emirates (+X p.p.) and Jordan (+X p.p.) significantly strengthened its position in terms of the total exports, while Syrian Arab Republic saw its share reduced by -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Jordan ($X) remains the largest phosphate rock supplier in the Middle East, comprising X% of total exports. The second position in the ranking was occupied by Syrian Arab Republic ($X), with a X% share of total exports. It was followed by Israel, with a X% share.

In Jordan, phosphate rock exports remained relatively stable over the period from 2007-2020. In the other countries, the average annual rates were as follows: Syrian Arab Republic (-X% per year) and Israel (-X% per year).

Export Prices by Country

The phosphate rock export price in the Middle East stood at $X per ton in 2020, with a decrease of -X% against the previous year. In general, the export price recorded a mild shrinkage. The most prominent rate of growth was recorded in 2008 when the export price increased by X% year-to-year. Over the period under review, export prices attained the maximum at $X per ton in 2009; however, from 2010 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Syrian Arab Republic ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Jordan, while the other leaders experienced a decline in the export price figures.

Phosphate Rock Imports

Imports in the Middle East

In 2020, supplies from abroad of phosphate rock decreased by -X% to X tons, falling for the third consecutive year after four years of growth. Total imports indicated a temperate increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

In value terms, phosphate rock imports dropped significantly to $X in 2020. Total imports indicated modest growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2017 indices. The growth pace was the most rapid in 2008 when imports increased by X% y-o-y. As a result, imports attained the peak of $X. from 2009 to 2020, the growth imports failed to regain the momentum.

Imports by Country

Turkey was the largest importing country with an import of about X tons, which finished at X% of total imports. It was distantly followed by Lebanon (X tons) and Iran (X tons), together comprising a X% share of total imports.

Imports into Turkey increased at an average annual rate of +X% from 2007 to 2020. At the same time, Iran (+X%) and Lebanon (+X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +X% from 2007-2020. While the share of Turkey (+X p.p.) and Iran (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Lebanon (-X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) constitutes the largest market for imported phosphate rock in the Middle East, comprising X% of total imports. The second position in the ranking was occupied by Lebanon ($X), with a X% share of total imports.

In Turkey, phosphate rock imports increased at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: Lebanon (-X% per year) and Iran (+X% per year).

Import Prices by Country

In 2020, the phosphate rock import price in the Middle East amounted to $X per ton, declining by -X% against the previous year. Over the period under review, the import price saw a pronounced shrinkage. The pace of growth was the most pronounced in 2011 when the import price increased by X% year-to-year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Iran ($X per ton), while Lebanon ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Turkey, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform