GCC: Phosphatic Fertilizer Market 2024

Phosphatic Fertilizer Market Size in GCC

In 2022, after three years of growth, there was significant decline in the GCC phosphatic fertilizer market, when its value decreased by X% to $X. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then contracted significantly in the following year.

Phosphatic Fertilizer Production in GCC

In value terms, phosphatic fertilizer production contracted modestly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Phosphatic Fertilizer Exports

Exports in GCC

Phosphatic fertilizer exports declined dramatically to X tons in 2022, with a decrease of X% compared with 2021. In general, exports saw a precipitous descent. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, phosphatic fertilizer exports contracted remarkably to $X in 2022. Overall, exports continue to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Saudi Arabia represented the main exporter of phosphatic fertilizers in GCC, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), comprising a X% share of total exports. Oman (X tons) took a relatively small share of total exports.

Saudi Arabia was also the fastest-growing in terms of the phosphatic fertilizers exports, with a CAGR of X% from 2012 to 2022. Oman experienced a relatively flat trend pattern. the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Saudi Arabia and Oman increased by X and X percentage points, respectively.

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

In terms of the main exporting countries, Oman, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the export price figures.

Phosphatic Fertilizer Imports

Imports in GCC

In 2022, purchases abroad of phosphatic fertilizers decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then fell rapidly in the following year.

In value terms, phosphatic fertilizer imports contracted dramatically to $X in 2022. Overall, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then contracted notably in the following year.

Imports by Country

Kuwait (X tons) and Oman (X tons) represented roughly X% of total imports in 2022. The United Arab Emirates (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Qatar (X%).

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest phosphatic fertilizer importing markets in GCC were the United Arab Emirates ($X), Kuwait ($X) and Oman ($X), with a combined X% share of total imports.

Kuwait, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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