Middle East: Sodium Triphosphate Market 2024

Sodium Triphosphate Market Size in the Middle East

In 2022, the Middle Eastern sodium triphosphate market decreased by -1.7% to $X, falling for the third consecutive year after four years of growth. In general, consumption, however, continues to indicate a noticeable reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Sodium Triphosphate Production in the Middle East

In value terms, sodium triphosphate production fell to $X in 2022 estimated in export price. In general, production saw a modest expansion. The pace of growth appeared the most rapid in 2019 with an increase of 12% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Sodium Triphosphate Exports

Exports in the Middle East

After two years of growth, overseas shipments of sodium triphosphate (sodium tripolyphosphates) decreased by -20.5% to X tons in 2022. In general, exports saw a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 77% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, sodium triphosphate exports fell to $X in 2022. Over the period under review, exports showed a abrupt decline. The growth pace was the most rapid in 2021 when exports increased by 46% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates prevails in exports structure, resulting at X tons, which was approx. 86% of total exports in 2022. It was distantly followed by Syrian Arab Republic (X tons), creating a 6.3% share of total exports. The following exporters - Iran (X tons), Israel (X tons) and Jordan (X tons) - each recorded a 6.3% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sodium triphosphate exports from the United Arab Emirates stood at +17.1%. At the same time, Iran (+23.1%) and Jordan (+5.9%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +23.1% from 2012-2022. Syrian Arab Republic experienced a relatively flat trend pattern. By contrast, Israel (-39.4%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+80 p.p.), Syrian Arab Republic (+4.4 p.p.), Iran (+2.3 p.p.) and Jordan (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Israel (-89.4 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest sodium triphosphate supplier in the Middle East, comprising 83% of total exports. The second position in the ranking was held by Syrian Arab Republic ($X), with a 7.3% share of total exports. It was followed by Jordan, with a 3.4% share.

In the United Arab Emirates, sodium triphosphate exports increased at an average annual rate of +14.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Syrian Arab Republic (+1.9% per year) and Jordan (+14.1% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, increasing by 11% against the previous year. In general, the export price, however, recorded a mild downturn. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+7.8%), while the other leaders experienced mixed trends in the export price figures.

Sodium Triphosphate Imports

Imports in the Middle East

In 2022, purchases abroad of sodium triphosphate (sodium tripolyphosphates) decreased by -6.6% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, imports saw a abrupt curtailment. The growth pace was the most rapid in 2017 with an increase of 13% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, sodium triphosphate imports contracted to $X in 2022. Overall, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 when imports increased by 15% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons), Syrian Arab Republic (X tons), Yemen (X tons), Iran (X tons), the United Arab Emirates (X tons) and Jordan (X tons) represented the main importer of sodium triphosphate (sodium tripolyphosphates) in the Middle East, mixing up 84% of total import. It was distantly followed by Qatar (X tons), mixing up a 6.7% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of +5.1%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Turkey ($X), Jordan ($X) and Syrian Arab Republic ($X) were the countries with the highest levels of imports in 2022, with a combined 54% share of total imports. The United Arab Emirates, Yemen, Iran and Qatar lagged somewhat behind, together comprising a further 35%.

Qatar, with a CAGR of +6.6%, recorded 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 a decline in the imports figures.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, rising by 6.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2020 when the import price increased by 14%. The level of import peaked in 2022 and is likely to see steady 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 Jordan ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+7.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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