Asia: Diphosphorus Pentaoxide Market 2024

Diphosphorus Pentaoxide Market Size in Asia

The Asian diphosphorus pentaoxide market skyrocketed to $X in 2022, rising by 26% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Diphosphorus Pentaoxide Production in Asia

In value terms, diphosphorus pentaoxide production soared to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Diphosphorus Pentaoxide Exports

Exports in Asia

Diphosphorus pentaoxide exports shrank to X tons in 2022, with a decrease of -5.4% compared with the previous year. The total export volume increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 47%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, diphosphorus pentaoxide exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2021 when exports increased by 105% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

China represented the main exporter of diphosphorus pentaoxide in Asia, with the volume of exports recording X tons, which was approx. 84% of total exports in 2022. It was distantly followed by India (X tons), generating a 14% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to diphosphorus pentaoxide exports from China stood at +2.4%. At the same time, India (+27.8%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +27.8% from 2012-2022. From 2012 to 2022, the share of India increased by +13 percentage points.

In value terms, China ($X) remains the largest diphosphorus pentaoxide supplier in Asia, comprising 80% of total exports. The second position in the ranking was held by India ($X), with a 19% share of total exports.

In China, diphosphorus pentaoxide exports expanded at an average annual rate of +9.1% over the period from 2012-2022.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, surging by 35% against the previous year. In general, the export price posted resilient growth. The most prominent rate of growth was recorded in 2021 when the export price increased by 53%. Over the period under review, the export prices reached the peak figure in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.0%).

Diphosphorus Pentaoxide Imports

Imports in Asia

In 2022, supplies from abroad of diphosphorus pentaoxide decreased by -33.8% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports continue to indicate a slight curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 53% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, diphosphorus pentaoxide imports declined dramatically to $X in 2022. Overall, imports, however, recorded a notable expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 89%. As a result, imports attained the peak of $X, and then fell significantly in the following year.

Imports by Country

India represented the key importing country with an import of about X tons, which recorded 49% of total imports. It was distantly followed by South Korea (X tons), Turkey (X tons), Taiwan (Chinese) (X tons), Japan (X tons) and Indonesia (X tons), together comprising a 39% share of total imports. Pakistan (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to diphosphorus pentaoxide imports into India stood at -1.1%. At the same time, Indonesia (+16.6%), Pakistan (+11.3%), Turkey (+7.1%) and South Korea (+2.5%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in Asia, with a CAGR of +16.6% from 2012-2022. By contrast, Taiwan (Chinese) (-2.9%) and Japan (-13.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey, Indonesia, South Korea and Pakistan increased by +5, +4.3, +4.2 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported diphosphorus pentaoxide in Asia, comprising 46% of total imports. The second position in the ranking was held by South Korea ($X), with a 17% share of total imports. It was followed by Turkey, with an 11% share.

In India, diphosphorus pentaoxide imports increased at an average annual rate of +5.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+8.4% per year) and Turkey (+13.7% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, picking up by 27% against the previous year. Over the period under review, the import price continues to indicate a strong expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 South Korea ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+7.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :