Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Saudi Arabia - 2022

Contents:

1. Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Saudi Arabia (FOB) - 2022
2. Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Saudi Arabia (CIF) - 2022
3. Exports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Saudi Arabia
4. Imports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Saudi Arabia

Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Saudi Arabia (FOB) - 2022

In 2021, the average export price for diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses amounted to $1,110 per ton, therefore, remained relatively stable against the previous year. In general, the export price posted prominent growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by 275% against the previous year. As a result, the export price attained the peak level of $1,933 per ton. From 2016 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($3,970 per ton), while the average price for exports to Jordan ($509 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+15.8%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Saudi Arabia (CIF) - 2022

In 2021, the average import price for diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses amounted to $669 per ton, increasing by 57% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses increased by +85.4% against 2017 indices. The import price peaked at $681 per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($1,453 per ton), while the price for South Africa ($466 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Saudi Arabia

Exports of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses from Saudi Arabia plummeted to 175 tons in 2022, declining by -19.2% on 2021 figures. In general, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 98% against the previous year. As a result, the exports reached the peak of 217 tons, and then declined rapidly in the following year.

In value terms, exports of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses totaled $263K in 2022. Overall, exports showed a noticeable slump. The most prominent rate of growth was recorded in 2021 when exports increased by 99%.

Top Export Markets for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids from Saudi Arabia in 2022:

1. Pakistan (91.1 tons)
2. Jordan (78.5 tons)
3. Kuwait (21.9 tons)
4. Bahrain (11.4 tons)
5. United Arab Emirates (7.8 tons)

Imports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Saudi Arabia

In 2021, after two years of growth, there was significant decline in overseas purchases of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses, when their volume decreased by -27.4% to 29K tons. In general, imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2020 with an increase of 21% against the previous year. As a result, imports reached the peak of 40K tons, and then shrank rapidly in the following year.

In value terms, imports of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses expanded rapidly to $20M in 2021. The total import value increased at an average annual rate of +11.0% over the period from 2019 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids to Saudi Arabia in 2022:

1. Jordan (14.8K tons)
2. South Africa (12.3K tons)
3. China (1.8K tons)

Source: IndexBox Market Intelligence Platform