Saudi Arabia: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in Saudi Arabia

In 2022, the Saudi phosphinates and phosphonates market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption, however, showed a slight contraction. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Phosphinates And Phosphonates Production in Saudi Arabia

In value terms, phosphinates and phosphonates production rose modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Phosphinates And Phosphonates Exports

Exports from Saudi Arabia

In 2022, after two years of growth, there was decline in overseas shipments of phosphinates (hypophosphites) and phosphonates (phosphites), when their volume decreased by X% to X tons. Over the period under review, exports, however, continue to indicate perceptible growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, phosphinates and phosphonates exports contracted to $X in 2022. In general, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Egypt (X tons) was the main destination for phosphinates and phosphonates exports from Saudi Arabia, with a X% share of total exports. Moreover, phosphinates and phosphonates exports to Egypt exceeded the volume sent to the second major destination, Turkey (X tons), threefold. Oman (X tons) ranked third in terms of total exports with a X% share.

From 2014 to 2022, the average annual growth rate of volume to Egypt amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Oman (X% per year).

In value terms, Egypt ($X) remains the key foreign market for phosphinates (hypophosphites) and phosphonates (phosphites) exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

From 2014 to 2022, the average annual rate of growth in terms of value to Egypt stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Oman (X% per year).

Export Prices by Country

In 2022, the average phosphinates and phosphonates export price amounted to $X per ton, which is down by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. The export price peaked at $X per ton in 2017; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (X%), while the prices for the other major destinations experienced more modest paces of growth.

Phosphinates And Phosphonates Imports

Imports into Saudi Arabia

In 2018, approx. X tons of phosphinates (hypophosphites) and phosphonates (phosphites) were imported into Saudi Arabia; approximately equating 2017. Over the period under review, imports showed a significant increase. The smallest decline of X% was in 2013. Over the period under review, imports attained the maximum in 2018 and are expected to retain growth in the immediate term.

In value terms, phosphinates and phosphonates imports stood at $X in 2018. In general, imports posted a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Imports peaked in 2018 and are expected to retain growth in the immediate term.

Imports by Country

In 2018, Tunisia (X tons) constituted the largest supplier of phosphinates and phosphonates to Saudi Arabia, accounting for a approx. X% share of total imports.

From 2012 to 2018, the average annual growth rate of volume from Tunisia was relatively modest.

In value terms, Tunisia ($X) constituted the largest supplier of phosphinates (hypophosphites) and phosphonates (phosphites) to Saudi Arabia.

From 2012 to 2018, the average annual rate of growth in terms of value from Tunisia was relatively modest.

Import Prices by Country

The average phosphinates and phosphonates import price stood at $X per ton in 2018, leveling off at the previous year. Over the period under review, the import price faced a deep downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2018, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Tunisia.

From 2012 to 2018, the rate of growth in terms of prices for China amounted to X% per year.

Source: IndexBox Platform

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