Saudi Arabia: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in Saudi Arabia

The Saudi phosphinates and phosphonates market reduced slightly to $X in 2022, with a decrease of -4.9% against the previous year. Over the period under review, consumption, however, enjoyed a noticeable expansion. Phosphinates and phosphonates consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Phosphinates And Phosphonates Production in Saudi Arabia

In value terms, phosphinates and phosphonates production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of 163%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Phosphinates And Phosphonates Exports

Exports from Saudi Arabia

In 2022, after two years of growth, there was decline in overseas shipments of phosphinates (hypophosphites) and phosphonates (phosphites), when their volume decreased by -0.9% to X tons. Overall, exports, however, enjoyed a pronounced increase. The growth pace was the most rapid in 2020 when exports increased by 182%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, phosphinates and phosphonates exports dropped slightly to $X in 2022. Over the period under review, exports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 195% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Egypt (X tons) was the main destination for phosphinates and phosphonates exports from Saudi Arabia, with a 58% share of total exports. Moreover, phosphinates and phosphonates exports to Egypt exceeded the volume sent to the second major destination, Turkey (X tons), threefold. The third position in this ranking was taken by Oman (X tons), with a 13% share.

From 2014 to 2022, the average annual rate of growth in terms of volume to Egypt stood at -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+1.9% per year) and Oman (-2.1% per year).

In value terms, Egypt ($X) remains the key foreign market for phosphinates (hypophosphites) and phosphonates (phosphites) exports from Saudi Arabia, comprising 57% of total exports. The second position in the ranking was taken by Turkey ($X), with a 15% share of total exports. It was followed by Oman, with a 13% share.

From 2014 to 2022, the average annual rate of growth in terms of value to Egypt totaled -3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+7.4% per year) and Oman (+7.2% per year).

Export Prices by Country

The average phosphinates and phosphonates export price stood at $X per ton in 2022, reducing by -1.8% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 4.4%. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Phosphinates And Phosphonates Imports

Imports into Saudi Arabia

In 2018, approx. X tons of phosphinates (hypophosphites) and phosphonates (phosphites) were imported into Saudi Arabia; almost unchanged from the previous year. Overall, imports continue to indicate a significant increase. The smallest decline of -12.2% was in 2013. Imports peaked in 2018 and are expected to retain growth in years to come.

In value terms, phosphinates and phosphonates imports stood at $X in 2018. Over the period under review, imports enjoyed a resilient increase. The pace of growth was the most pronounced in 2013 when imports increased by 5.5%. Over the period under review, imports attained the peak figure in 2018 and are likely to continue growth in the near future.

Imports by Country

In 2018, Tunisia (X tons) constituted the largest supplier of phosphinates and phosphonates to Saudi Arabia, accounting for a approx. 88% share of total imports.

From 2012 to 2018, the average annual rate of growth in terms of volume from Tunisia was relatively modest.

In value terms, Tunisia ($X) constituted the largest supplier of phosphinates (hypophosphites) and phosphonates (phosphites) to Saudi Arabia.

From 2012 to 2018, the average annual rate of growth in terms of value from Tunisia was relatively modest.

Import Prices by Country

In 2018, the average phosphinates and phosphonates import price amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 an increase of 20% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2018, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Tunisia.

From 2012 to 2018, the rate of growth in terms of prices for China amounted to -12.4% per year.

Source: IndexBox Platform

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