GCC's Phosphates of Mono- or Di-Sodium Market to Reach 1K Tons by 2035, Valued at $2.8M - News and Statistics - IndexBox

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IndexBox has just published a new report: GCC - Phosphates Of Mono- Or Di-Sodium - Market Analysis, Forecast, Size, Trends And Insights.

Driven by growing demand, the GCC market for mono- or di-sodium phosphates is forecasted to see steady growth in both volume and value terms over the next decade. With a projected CAGR of +0.3% in volume and +2.6% in value, the market is expected to reach 1K tons and $2.8M by 2035.

Driven by increasing demand for phosphates of mono- or di-sodium in GCC, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.3% for the period from 2024 to 2035, which is projected to bring the market volume to 1K tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.6% for the period from 2024 to 2035, which is projected to bring the market value to $2.8M (in nominal wholesale prices) by the end of 2035.

In 2024, approx. 991 tons of phosphates of mono- or di-sodium were consumed in GCC; remaining relatively unchanged against the year before. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, consumption hit record highs at 3.1K tons in 2017; however, from 2018 to 2024, consumption failed to regain momentum.

The size of the sodium phosphates market in GCC dropped to $2.1M in 2024, which is down by -14.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted a perceptible increase. As a result, consumption attained the peak level of $3.4M. From 2017 to 2024, the growth of the market remained at a lower figure.

Saudi Arabia (540 tons) constituted the country with the largest volume of sodium phosphates consumption, comprising approx. 55% of total volume. Moreover, sodium phosphates consumption in Saudi Arabia exceeded the figures recorded by the second-largest consumer, the United Arab Emirates (233 tons), twofold. Bahrain (169 tons) ranked third in terms of total consumption with a 17% share.

In Saudi Arabia, sodium phosphates consumption increased at an average annual rate of +5.1% over the period from 2013-2024. The remaining consuming countries recorded the following average annual rates of consumption growth: the United Arab Emirates (+6.3% per year) and Bahrain (-6.0% per year).

In value terms, the largest sodium phosphates markets in GCC were Saudi Arabia ($823K), Bahrain ($614K) and the United Arab Emirates ($561K), with a combined 95% share of the total market.

Among the main consuming countries, the United Arab Emirates, with a CAGR of +10.1%, saw the highest rates of growth with regard to market size over the period under review, while market for the other leaders experienced more modest paces of growth.

In 2024, the highest levels of sodium phosphates per capita consumption was registered in Bahrain (92 kg per 1000 persons), followed by the United Arab Emirates (23 kg per 1000 persons), Saudi Arabia (15 kg per 1000 persons) and Qatar (8 kg per 1000 persons), while the world average per capita consumption of sodium phosphates was estimated at 16 kg per 1000 persons.

In Bahrain, sodium phosphates per capita consumption contracted by an average annual rate of -8.8% over the period from 2013-2024. In the other countries, the average annual rates were as follows: the United Arab Emirates (+5.3% per year) and Saudi Arabia (+3.8% per year).

Sodium phosphates production totaled 8.3 tons in 2024, therefore, remained relatively stable against the previous year's figure. Overall, production continues to indicate a tangible expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 588% against the previous year. Over the period under review, production hit record highs at 212 tons in 2015; however, from 2016 to 2024, production stood at a somewhat lower figure.

In value terms, sodium phosphates production surged to $20K in 2024 estimated in export price. In general, production enjoyed a prominent expansion. The growth pace was the most rapid in 2014 with an increase of 611%. The level of production peaked at $328K in 2015; however, from 2016 to 2024, production stood at a somewhat lower figure.

Oman (8.3 tons) remains the largest sodium phosphates producing country in GCC, accounting for 100% of total volume.

From 2013 to 2024, the average annual growth rate of volume in Oman totaled +3.2%.

In 2024, the amount of phosphates of mono- or di-sodium imported in GCC rose slightly to 1K tons, increasing by 3.1% on the year before. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 150%. The volume of import peaked at 3.1K tons in 2017; however, from 2018 to 2024, imports remained at a lower figure.

In value terms, sodium phosphates imports reduced to $2.5M in 2024. Over the period under review, imports enjoyed resilient growth. The growth pace was the most rapid in 2022 with an increase of 70% against the previous year. Over the period under review, imports reached the maximum at $3M in 2023, and then fell in the following year.

Saudi Arabia was the largest importer of phosphates of mono- or di-sodium in GCC, with the volume of imports recording 540 tons, which was approx. 53% of total imports in 2024. It was distantly followed by the United Arab Emirates (267 tons) and Bahrain (169 tons), together constituting a 43% share of total imports. Qatar (25 tons) took a relatively small share of total imports.

From 2013 to 2024, average annual rates of growth with regard to sodium phosphates imports into Saudi Arabia stood at +5.1%. At the same time, the United Arab Emirates (+7.5%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in GCC, with a CAGR of +7.5% from 2013-2024. By contrast, Bahrain (-6.0%) and Qatar (-13.4%) illustrated a downward trend over the same period. Saudi Arabia (+19 p.p.) and the United Arab Emirates (+13 p.p.) significantly strengthened its position in terms of the total imports, while Qatar and Bahrain saw its share reduced by -10.5% and -19.1% from 2013 to 2024, respectively.

In value terms, the largest sodium phosphates importing markets in GCC were Saudi Arabia ($1.1M), the United Arab Emirates ($718K) and Bahrain ($614K), with a combined 96% share of total imports.

Among the main importing countries, the United Arab Emirates, with a CAGR of +14.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

The import price in GCC stood at $2,495 per ton in 2024, with a decrease of -17.1% against the previous year. Over the period under review, the import price, however, recorded a measured expansion. The most prominent rate of growth was recorded in 2018 when the import price increased by 107%. Over the period under review, import prices reached the peak figure at $3,010 per ton in 2023, and then shrank dramatically in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2024, amid the top importers, the country with the highest price was Bahrain ($3,640 per ton), while Qatar ($1,795 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Bahrain (+7.6%), while the other leaders experienced more modest paces of growth.

In 2024, the amount of phosphates of mono- or di-sodium exported in GCC skyrocketed to 34 tons, with an increase of 670% on 2023 figures. Over the period under review, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 1,418% against the previous year. Over the period under review, the exports reached the maximum at 171 tons in 2015; however, from 2016 to 2024, the exports remained at a lower figure.

In value terms, sodium phosphates exports skyrocketed to $74K in 2024. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 2,861%. The level of export peaked at $194K in 2015; however, from 2016 to 2024, the exports failed to regain momentum.

In 2024, the United Arab Emirates (34 tons) was the main exporter of phosphates of mono- or di-sodium in GCC, creating 99% of total export.

The United Arab Emirates was also the fastest-growing in terms of the phosphates of mono- or di-sodium exports, with a CAGR of +30.5% from 2013 to 2024. From 2013 to 2024, the share of the United Arab Emirates increased by +78 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($73K) also remains the largest sodium phosphates supplier in GCC.

In the United Arab Emirates, sodium phosphates exports increased at an average annual rate of +31.4% over the period from 2013-2024.

The export price in GCC stood at $2,141 per ton in 2024, reducing by -45.9% against the previous year. Overall, the export price, however, saw buoyant growth. The most prominent rate of growth was recorded in 2020 when the export price increased by 178%. The level of export peaked at $3,961 per ton in 2023, and then fell significantly in the following year.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2013 to 2024, the rate of growth in terms of prices for the United Arab Emirates amounted to +0.7% per year.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the sodium phosphates market in GCC. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

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