Middle East: Diammonium Phosphate Market 2024

Diammonium Phosphate Market Size in the Middle East

The Middle Eastern diammonium phosphate market declined sharply to $X in 2022, with a decrease of X% against the previous year. The total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X, and then fell sharply in the following year.

Diammonium Phosphate Production in the Middle East

In value terms, diammonium phosphate production amounted to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

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Diammonium Phosphate Exports

Exports in the Middle East

Diammonium phosphate exports soared to X tons in 2022, rising by X% against 2021 figures. Overall, exports posted a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, diammonium phosphate exports contracted slightly to $X in 2022. Total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by Turkey (X tons), comprising a X% share of total exports.

Saudi Arabia was also the fastest-growing in terms of the diammonium phosphate exports, with a CAGR of X% from 2012 to 2022. At the same time, Turkey (X%) displayed positive paces of growth. Saudi Arabia (X p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by X% from 2012 to 2022, respectively.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Saudi Arabia stood at X%.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price continues to indicate a slight shrinkage. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted notably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Saudi Arabia stood at $X per ton.

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

Diammonium Phosphate Imports

Imports in the Middle East

For the third year in a row, the Middle East recorded decline in supplies from abroad of diammonium phosphate, which decreased by X% to X tons in 2022. Over the period under review, imports continue to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, diammonium phosphate imports rose modestly to $X in 2022. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Turkey was the largest importer of diammonium phosphate in the Middle East, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. Iraq (X tons) ranks second in terms of the total imports with a X% share, followed by Iran (X%).

From 2012 to 2022, average annual rates of growth with regard to diammonium phosphate imports into Turkey stood at X%. At the same time, Iraq (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Iran (X%) illustrated a downward trend over the same period. Iraq (X p.p.) significantly strengthened its position in terms of the total imports, while Iran and Turkey saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported diammonium phosphate in the Middle East, comprising X% of total imports. The second position in the ranking was held by Iraq ($X), with an X% share of total imports.

In Turkey, diammonium phosphate imports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Iraq (X% per year) and Iran (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, picking up by X% against the previous year. Import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, diammonium phosphate import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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 Turkey ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, 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

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