Middle East: Sodium Phosphates Market 2024

Sodium Phosphates Market Size in the Middle East

The Middle Eastern sodium phosphates market rose remarkably to $X in 2021, surging by 8.6% against the previous year. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Sodium Phosphates Production in the Middle East

In value terms, sodium phosphates production rose notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2019 when the production volume increased by 15%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Sodium Phosphates Exports

Exports in the Middle East

In 2021, shipments abroad of phosphates of mono- or di-sodium increased by 28% to X tons, rising for the third consecutive year after four years of decline. In general, exports, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2019 with an increase of 104%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, sodium phosphates exports skyrocketed to $X in 2021. Overall, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 88% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Jordan was the largest exporter of phosphates of mono- or di-sodium in the Middle East, with the volume of exports recording X tons, which was approx. 80% of total exports in 2021. It was distantly followed by Israel (X tons), comprising a 12% share of total exports. Turkey (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons) held a minor share of total exports.

Jordan was also the fastest-growing in terms of the phosphates of mono- or di-sodium exports, with a CAGR of +51.9% from 2012 to 2021. At the same time, the United Arab Emirates (+21.1%), Turkey (+10.7%) and Saudi Arabia (+3.4%) displayed positive paces of growth. By contrast, Israel (-26.5%) illustrated a downward trend over the same period. While the share of Jordan (+79 p.p.), Turkey (+2.5 p.p.), Saudi Arabia (+1.9 p.p.) and the United Arab Emirates (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Israel (-85.1 p.p.) displayed negative dynamics.

In value terms, Jordan ($X) remains the largest sodium phosphates supplier in the Middle East, comprising 69% of total exports. The second position in the ranking was held by Israel ($X), with a 16% share of total exports. It was followed by Turkey, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value in Jordan totaled +45.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (-23.6% per year) and Turkey (+18.4% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, increasing by 9.2% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 9.8%. Over the period under review, the export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, 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 (+6.9%), while the other leaders experienced mixed trends in the export price figures.

Sodium Phosphates Imports

Imports in the Middle East

In 2021, the amount of phosphates of mono- or di-sodium imported in the Middle East rose notably to X tons, growing by 5.6% on 2020 figures. In general, imports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 16% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, sodium phosphates imports soared to $X in 2021. Over the period under review, imports, however, saw a mild curtailment. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Turkey was the largest importing country with an import of around X tons, which finished at 42% of total imports. Bahrain (X tons) ranks second in terms of the total imports with an 18% share, followed by Iran (11%), Israel (10%), the United Arab Emirates (8.3%) and Yemen (6.1%).

Imports into Turkey increased at an average annual rate of +7.8% from 2012 to 2021. At the same time, the United Arab Emirates (+12.9%) and Yemen (+8.4%) 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 +12.9% from 2012-2021. Israel experienced a relatively flat trend pattern. By contrast, Iran (-1.8%) and Bahrain (-4.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey, the United Arab Emirates, Bahrain, Israel, Iran and Yemen increased by +32, +7.1, +5.9, +5.8, +5.1 and +4.8 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported phosphates of mono- or di-sodium in the Middle East, comprising 49% of total imports. The second position in the ranking was taken by Bahrain ($X), with an 11% share of total imports. It was followed by Iran, with an 11% share.

In Turkey, sodium phosphates imports increased at an average annual rate of +8.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Bahrain (-2.2% per year) and Iran (-1.6% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, surging by 27% against the previous year. Import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sodium phosphates import price increased by +49.3% against 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of 44%. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Yemen (+10.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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