Middle East: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in the Middle East

The Middle Eastern phosphinates and phosphonates market skyrocketed to $X in 2022, growing by 16% against the previous year. The total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +18.5% against 2020 indices. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Phosphinates And Phosphonates Production in the Middle East

In value terms, phosphinates and phosphonates production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when the production volume increased by 32%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Phosphinates And Phosphonates Exports

Exports in the Middle East

After two years of growth, shipments abroad of phosphinates (hypophosphites) and phosphonates (phosphites) decreased by -2.9% to X tons in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 81% against the previous year. The volume of export peaked at X tons in 2021, and then contracted in the following year.

In value terms, phosphinates and phosphonates exports amounted to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 81% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey was the key exporting country with an export of about X tons, which accounted for 69% of total exports. Saudi Arabia (X tons) ranks second in terms of the total exports with a 20% share, followed by the United Arab Emirates (7.4%). Israel (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to phosphinates and phosphonates exports from Turkey stood at -2.2%. At the same time, the United Arab Emirates (+12.6%), Israel (+9.5%) and Saudi Arabia (+4.8%) 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 +12.6% from 2012-2022. From 2012 to 2022, the share of Saudi Arabia, the United Arab Emirates and Israel increased by +20, +5.2 and +2.3 percentage points, respectively.

In value terms, Turkey ($X) remains the largest phosphinates and phosphonates supplier in the Middle East, comprising 71% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 13% share of total exports. It was followed by the United Arab Emirates, with a 9.7% share.

In Turkey, phosphinates and phosphonates exports shrank by an average annual rate of -3.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (+5.0% per year) and the United Arab Emirates (+10.0% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, picking up by 7.5% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 9.7%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per ton), while Saudi Arabia ($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 (+0.6%), while the other leaders experienced mixed trends in the export price figures.

Phosphinates And Phosphonates Imports

Imports in the Middle East

In 2022, supplies from abroad of phosphinates (hypophosphites) and phosphonates (phosphites) increased by 52% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports continue to indicate a noticeable increase. The most prominent rate of growth was recorded in 2018 when imports increased by 82% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, phosphinates and phosphonates imports surged to $X in 2022. Overall, imports continue to indicate a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Israel represented the largest importer of phosphinates (hypophosphites) and phosphonates (phosphites) in the Middle East, with the volume of imports accounting for X tons, which was near 51% of total imports in 2022. Turkey (X tons) ranks second in terms of the total imports with a 32% share, followed by the United Arab Emirates (5.7%). The following importers - Oman (X tons), Iran (X tons), Qatar (X tons) and Iraq (X tons) - together made up 9.9% of total imports.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of +14.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Israel ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 94% share of total imports. Oman, Iran, Iraq and Qatar lagged somewhat behind, together comprising a further 4.4%.

Oman, with a CAGR of +21.7%, recorded the highest rates of growth with regard to 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 2022, the import price in the Middle East amounted to $X per ton, surging by 25% against the previous year. Import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, phosphinates and phosphonates import price increased by +107.5% against 2018 indices. The pace of growth was the most pronounced in 2019 an increase of 37%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

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 ($X per ton), while Qatar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+13.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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