United Arab Emirates: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in the United Arab Emirates

In 2022, the phosphinates and phosphonates market in the United Arab Emirates decreased by -22.4% to $X for the first time since 2017, thus ending a four-year rising trend. Overall, consumption, however, showed a moderate expansion. As a result, consumption reached the peak level of $X, and then contracted sharply in the following year.

Phosphinates And Phosphonates Production in the United Arab Emirates

In value terms, phosphinates and phosphonates production amounted to $X in 2022 estimated in export price. Overall, the total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.4% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of 84% against the previous year. Phosphinates and phosphonates production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Phosphinates And Phosphonates Exports

Exports from the United Arab Emirates

After two years of decline, overseas shipments of phosphinates (hypophosphites) and phosphonates (phosphites) increased by 20% to X tons in 2022. Overall, exports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 203% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, phosphinates and phosphonates exports reduced to $X in 2022. In general, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 138% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then fell in the following year.

Exports by Country

Egypt (X tons) was the main destination for phosphinates and phosphonates exports from the United Arab Emirates, with a 82% share of total exports. Moreover, phosphinates and phosphonates exports to Egypt exceeded the volume sent to the second major destination, Sri Lanka (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Egypt stood at +56.0%.

In value terms, Egypt ($X) emerged as the key foreign market for phosphinates (hypophosphites) and phosphonates (phosphites) exports from the United Arab Emirates, comprising 90% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 9.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Egypt amounted to +53.8%.

Export Prices by Country

The average phosphinates and phosphonates export price stood at $X per ton in 2022, reducing by -20.9% against the previous year. Overall, the export price saw a noticeable downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by 56%. As a result, the export price attained the peak level of $X per ton, and then declined markedly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Sri Lanka totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Phosphinates And Phosphonates Imports

Imports into the United Arab Emirates

In 2022, after five years of growth, there was significant decline in purchases abroad of phosphinates (hypophosphites) and phosphonates (phosphites), when their volume decreased by -10% to X tons. In general, imports, however, posted a prominent increase. The growth pace was the most rapid in 2017 with an increase of 226% against the previous year. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, phosphinates and phosphonates imports declined to $X in 2022. Overall, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 349% against the previous year. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest phosphinates and phosphonates supplier to the United Arab Emirates, with a 70% share of total imports. Moreover, phosphinates and phosphonates imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+3.0% per year) and Turkey (-29.4% per year).

In value terms, China ($X) constituted the largest supplier of phosphinates (hypophosphites) and phosphonates (phosphites) to the United Arab Emirates, comprising 77% of total imports. The second position in the ranking was held by India ($X), with a 22% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +40.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+3.4% per year) and Turkey (-30.9% per year).

Import Prices by Country

In 2022, the average phosphinates and phosphonates import price amounted to $X per ton, approximately equating the previous year. In general, the import price showed notable growth. The pace of growth appeared the most rapid in 2017 an increase of 38%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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