MENA: Diphosphorus Pentaoxide Market 2024

Diphosphorus Pentaoxide Market Size in MENA

The MENA's diphosphorus pentaoxide market shrank dramatically to $X in 2023, dropping by X% against the previous year. The total consumption indicated a measured expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. As a result, consumption reached the peak level of $X, and then dropped rapidly in the following year.

Diphosphorus Pentaoxide Production in MENA

In value terms, diphosphorus pentaoxide production totaled $X in 2023 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2023, production growth remained at a somewhat lower figure.

Diphosphorus Pentaoxide Exports

Exports in MENA

In 2023, diphosphorus pentaoxide exports in MENA shrank to X tons, which is down by X% on 2022 figures. In general, exports, however, saw moderate growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, diphosphorus pentaoxide exports skyrocketed to $X in 2023. Over the period under review, exports, however, enjoyed measured growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey prevails in exports structure, finishing at X tons, which was near X% of total exports in 2023. The United Arab Emirates (X kg) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the diphosphorus pentaoxide exports, with a CAGR of X% from 2012 to 2023. The United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Turkey increased by X percentage points.

In value terms, Turkey ($X) remains the largest diphosphorus pentaoxide supplier in MENA, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

In Turkey, diphosphorus pentaoxide exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in MENA stood at $X per ton in 2023, with an increase of X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%).

Diphosphorus Pentaoxide Imports

Imports in MENA

In 2023, purchases abroad of diphosphorus pentaoxide decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, imports, however, showed prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, diphosphorus pentaoxide imports dropped notably to $X in 2023. Overall, imports, however, recorded strong growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then contracted notably in the following year.

Imports by Country

In 2023, Turkey (X tons) represented the largest importer of diphosphorus pentaoxide, creating X% of total imports. Egypt (X tons) ranks second in terms of the total imports with an X% share, followed by Oman (X%), Iran (X%) and the United Arab Emirates (X%).

From 2012 to 2023, average annual rates of growth with regard to diphosphorus pentaoxide imports into Turkey stood at X%. At the same time, Egypt (X%), Iran (X%), the United Arab Emirates (X%) and Oman (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. Egypt (X p.p.), Iran (X p.p.), Oman (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total imports, while Turkey saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported diphosphorus pentaoxide in MENA, comprising X% of total imports. The second position in the ranking was held by Egypt ($X), with an X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Turkey stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Egypt (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the import price, however, continues to indicate a mild increase. The pace of growth appeared the most rapid in 2014 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2022, and then declined dramatically in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform