GCC: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in GCC

In 2022, the GCC phosphinates and phosphonates market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, showed a remarkable increase. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Phosphinates And Phosphonates Production in GCC

In value terms, phosphinates and phosphonates production amounted to $X in 2022 estimated in export price. Overall, production continues to indicate a resilient increase. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Phosphinates And Phosphonates Exports

Exports in GCC

Phosphinates and phosphonates exports soared to X tons in 2022, increasing by X% against the previous year. Over the period under review, exports posted significant growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, phosphinates and phosphonates exports rose markedly to $X in 2022. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

The biggest shipments were from Saudi Arabia (X tons) and the United Arab Emirates (X tons), together amounting to X% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the United Arab Emirates (with a CAGR of X%).

In value terms, the largest phosphinates and phosphonates supplying countries in GCC were the United Arab Emirates ($X) and Saudi Arabia ($X).

In terms of the main exporting countries, the United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, declining by X% against the previous year. Overall, the export price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%).

Phosphinates And Phosphonates Imports

Imports in GCC

In 2022, after two years of growth, there was significant decline in overseas purchases of phosphinates (hypophosphites) and phosphonates (phosphites), when their volume decreased by X% to X tons. Overall, imports showed a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, phosphinates and phosphonates imports declined to $X in 2022. In general, imports, however, posted a measured increase. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates was the major importing country with an import of around X tons, which amounted to X% of total imports. It was distantly followed by Qatar (X tons) and Oman (X tons), together mixing up a X% share of total imports. Kuwait (X tons) and Bahrain (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to phosphinates and phosphonates imports into the United Arab Emirates stood at X%. At the same time, Kuwait (X%) and Bahrain (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, Qatar (X%) and Oman (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), Qatar (X p.p.) and Kuwait (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported phosphinates (hypophosphites) and phosphonates (phosphites) in GCC, comprising X% of total imports. The second position in the ranking was held by Oman ($X), with a X% share of total imports. It was followed by Qatar, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Oman (X% per year) and Qatar (X% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the import price enjoyed prominent growth. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in the near future.

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

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

Source: IndexBox Platform

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