Asia-Pacific: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in Asia-Pacific

The Asia-Pacific phosphinates and phosphonates market was finally on the rise to reach $X in 2022, after two years of decline. The market value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Phosphinates And Phosphonates Production in Asia-Pacific

In value terms, phosphinates and phosphonates production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 21%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Phosphinates And Phosphonates Exports

Exports in Asia-Pacific

In 2022, approx. X tons of phosphinates (hypophosphites) and phosphonates (phosphites) were exported in Asia-Pacific; with a decrease of -21.5% against the previous year. Total exports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +20.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 53%. As a result, the exports reached the peak of X tons, and then dropped notably in the following year.

In value terms, phosphinates and phosphonates exports rose notably to $X in 2022. In general, exports, however, recorded a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 151% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

China dominates exports structure, finishing at X tons, which was approx. 94% of total exports in 2022. Malaysia (X tons) held a little share of total exports.

China was also the fastest-growing in terms of the phosphinates (hypophosphites) and phosphonates (phosphites) exports, with a CAGR of +3.9% from 2012 to 2022. At the same time, Malaysia (+3.0%) displayed positive paces of growth. While the share of China (+4.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest phosphinates and phosphonates supplier in Asia-Pacific, comprising 95% of total exports. The second position in the ranking was held by Malaysia ($X), with a 0.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China totaled +11.7%.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, picking up by 41% against the previous year. In general, the export price continues to indicate strong growth. The most prominent rate of growth was recorded in 2021 an increase of 63%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Malaysia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.5%).

Phosphinates And Phosphonates Imports

Imports in Asia-Pacific

In 2022, the amount of phosphinates (hypophosphites) and phosphonates (phosphites) imported in Asia-Pacific reduced to X tons, shrinking by -8.8% against the year before. The total import volume increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 27% against the previous year. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, phosphinates and phosphonates imports soared to $X in 2022. Over the period under review, imports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by 81%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Japan (X tons) and Malaysia (X tons) were the major importers of phosphinates (hypophosphites) and phosphonates (phosphites) in 2022, amounting to near 26% and 21% of total imports, respectively. South Korea (X tons) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by India (11%), Taiwan (Chinese) (7.2%) and Vietnam (4.6%). Indonesia (X tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +38.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest phosphinates and phosphonates importing markets in Asia-Pacific were Japan ($X), South Korea ($X) and Malaysia ($X), with a combined 60% share of total imports. India, Indonesia, Taiwan (Chinese) and Vietnam lagged somewhat behind, together accounting for a further 25%.

Among the main importing countries, Vietnam, with a CAGR of +33.6%, 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.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, increasing by 27% against the previous year. Import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, phosphinates and phosphonates import price increased by +87.5% against 2019 indices. The growth pace was the most rapid in 2021 an increase of 43% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+8.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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