Middle East: Monoammonium Phosphate Market 2024

Monoammonium Phosphate Market Size in the Middle East

The Middle Eastern monoammonium phosphate market was estimated at $X in 2023, leveling off at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2023.

Monoammonium Phosphate Production in the Middle East

In value terms, monoammonium phosphate production expanded to $X in 2023 estimated in export price. The total production indicated strong growth from 2012 to 2023: its value 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. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2019 with an increase of X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Monoammonium Phosphate Exports

Exports in the Middle East

Monoammonium phosphate exports expanded sharply to X tons in 2023, surging by X% compared with the previous year's figure. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, monoammonium phosphate exports contracted to $X in 2023. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2022, and then declined in the following year.

Exports by Country

Saudi Arabia dominates exports structure, accounting for X tons, which was near X% of total exports in 2023. The United Arab Emirates (X tons) took a relatively small share of total exports.

Saudi Arabia was also the fastest-growing in terms of the monoammonium phosphate (MAP) exports, with a CAGR of X% from 2012 to 2023. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. While the share of Saudi Arabia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest monoammonium phosphate supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

In Saudi Arabia, monoammonium phosphate exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price continues to indicate a mild decline. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2022, and then dropped rapidly in the following year.

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

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

Monoammonium Phosphate Imports

Imports in the Middle East

In 2023, approx. X tons of monoammonium phosphate (MAP) were imported in the Middle East; picking up by X% compared with the previous year's figure. Total imports indicated a buoyant increase from 2012 to 2023: its volume 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 decreased by X% against 2021 indices. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, monoammonium phosphate imports declined to $X in 2023. Over the period under review, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2022, and then reduced slightly in the following year.

Imports by Country

Turkey was the largest importer of monoammonium phosphate (MAP) in the Middle East, with the volume of imports finishing at X tons, which was near X% of total imports in 2023. It was distantly followed by Israel (X tons) and the United Arab Emirates (X tons), together achieving an X% share of total imports. Jordan (X tons) and Iran (X tons) followed a long way behind the leaders.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, Iran (X%), the United Arab Emirates (X%), Israel (X%) and Jordan (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of the United Arab Emirates, Israel and Iran increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported monoammonium phosphate (MAP) in the Middle East, comprising X% of total imports. The second position in the ranking was held by Israel ($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 growth rate of value in Turkey amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Israel (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2023, the import price in the Middle East amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price, however, continues to indicate modest growth. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

Average prices varied noticeably amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Turkey ($X per ton) and Iran ($X per ton), while Israel ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform