GCC: Diphosphorus Pentaoxide Market 2024

Diphosphorus Pentaoxide Market Size in GCC

For the fourth consecutive year, the GCC diphosphorus pentaoxide market recorded decline in sales value, which decreased by X% to $X in 2022. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Diphosphorus Pentaoxide Production in GCC

In value terms, diphosphorus pentaoxide production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production continues to indicate prominent growth. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of production peaked in 2022 and is expected to retain growth in the near future.

Diphosphorus Pentaoxide Exports

Exports in GCC

In 2022, after four years of decline, there was significant growth in overseas shipments of diphosphorus pentaoxide, when their volume increased by X% to X tons. In general, exports, however, showed a significant decrease. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, diphosphorus pentaoxide exports surged to $X in 2022. Overall, exports, however, continue to indicate a dramatic setback. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of diphosphorus pentaoxide, namely the United Arab Emirates, represented more than two-thirds of total export.

The United Arab Emirates was also the fastest-growing in terms of the diphosphorus pentaoxide exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of the United Arab Emirates increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest diphosphorus pentaoxide supplier in GCC.

In the United Arab Emirates, diphosphorus pentaoxide exports contracted by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, continues to indicate a perceptible contraction. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Diphosphorus Pentaoxide Imports

Imports in GCC

Diphosphorus pentaoxide imports dropped dramatically to X tons in 2022, with a decrease of X% compared with the year before. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, diphosphorus pentaoxide imports reduced dramatically to $X in 2022. Overall, imports recorded a abrupt decrease. The pace of growth was the most pronounced in 2013 with an increase of X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia represented the largest importing country with an import of about X tons, which accounted for X% of total imports. It was distantly followed by Kuwait (X kg), mixing up a X% share of total imports. The following importers - Oman (X kg) and the United Arab Emirates (X kg) - together made up X% of total imports.

Imports into Saudi Arabia decreased at an average annual rate of X% from 2012 to 2022. Kuwait (X%), the United Arab Emirates (X%) and Oman (X%) illustrated a downward trend over the same period. Saudi Arabia (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates and Oman saw its share reduced by X% and X% from 2012 to 2022, respectively.

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

In Saudi Arabia, diphosphorus pentaoxide imports plunged by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, picking up by X% against the previous year. In general, the import price posted buoyant growth. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform