Middle East: Market for Phosphates and Polyphosphates (Excluding Calcium Hydrogenorthophosphate, Mono- Or Disodium Phosphate, Sodium Triphosphate) 2024

Market Size for Phosphates and Polyphosphates (Excluding Calcium Hydrogenorthophosphate, Mono- Or Disodium Phosphate, Sodium Triphosphate) in the Middle East

The Middle Eastern market for phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) expanded slightly to $X in 2023, rising by X% against the previous year. Over the period under review, consumption enjoyed a buoyant increase. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Phosphates and Polyphosphates (Excluding Calcium Hydrogenorthophosphate, Mono- Or Disodium Phosphate, Sodium Triphosphate) in the Middle East

In value terms, production of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) shrank modestly to $X in 2023 estimated in export price. In general, production saw a strong expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. The level of production peaked at $X in 2022, and then dropped in the following year.

Exports of Phosphates and Polyphosphates (Excluding Calcium Hydrogenorthophosphate, Mono- Or Disodium Phosphate, Sodium Triphosphate)

Exports in the Middle East

In 2023, exports of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) in the Middle East dropped sharply to X tons, with a decrease of X% on the previous year. Total exports indicated a modest increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of export peaked at X tons in 2022, and then contracted notably in the following year.

In value terms, exports of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) dropped notably to $X in 2023. Overall, exports, however, enjoyed a perceptible expansion. The pace of growth was the most pronounced in 2022 when exports increased by X%. As a result, the exports reached the peak of $X, and then dropped notably in the following year.

Exports by Country

Turkey was the key exporter of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) in the Middle East, with the volume of exports accounting for X tons, which was near X% of total exports in 2023. It was distantly followed by Israel (X tons), mixing up a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Turkey (with a CAGR of X%).

In value terms, Israel ($X) emerged as the largest phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Israel was relatively modest.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2023, rising by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the export price increased by X%. Over the period under review, the export prices reached the peak figure in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Turkey totaled $X per ton.

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

Imports of Phosphates and Polyphosphates (Excluding Calcium Hydrogenorthophosphate, Mono- Or Disodium Phosphate, Sodium Triphosphate)

Imports in the Middle East

In 2023, overseas purchases of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) increased by X% to X tons for the first time since 2019, thus ending a three-year declining trend. Over the period under review, imports enjoyed slight growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, imports of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) dropped to $X in 2023. Total imports indicated a pronounced increase 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports of hit record highs at $X in 2019; however, from 2020 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Turkey (X tons) represented the major importer of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate), creating X% of total imports. It was distantly followed by Saudi Arabia (X tons), the United Arab Emirates (X tons), Jordan (X tons) and Iran (X tons), together committing a X% share of total imports. The following importers - Iraq (X tons), Kuwait (X tons) and Israel (X tons) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Kuwait (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) in the Middle East, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Saudi Arabia, with an X% share.

In Turkey, imports of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2023, which is down by X% against the previous year. In general, the import price, however, enjoyed a notable expansion. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2022, and then contracted in the following year.

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

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

Source: IndexBox Platform