Asia-Pacific: Market for Phosphorus, Arsenic And Selenium 2024

Market Size for Phosphorus, Arsenic And Selenium in Asia-Pacific

In 2021, the Asia-Pacific phosphorus, arsenic and selenium market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption saw a mild setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Phosphorus, Arsenic And Selenium in Asia-Pacific

In value terms, phosphorus, arsenic and selenium production reached $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 14%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Phosphorus, Arsenic And Selenium

Exports in Asia-Pacific

In 2021, the amount of phosphorus, arsenic and selenium exported in Asia-Pacific skyrocketed to X tons, increasing by 34% compared with the previous year. Total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +9.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +38.0% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, phosphorus, arsenic and selenium exports soared to $X in 2021. The total export value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam dominates exports structure, recording X tons, which was near 94% of total exports in 2021. China (X tons) held a relatively small share of total exports.

Vietnam was also the fastest-growing in terms of the phosphorus, arsenic and selenium exports, with a CAGR of +13.7% from 2012 to 2021. China (-13.5%) illustrated a downward trend over the same period. Vietnam (+26 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -24.2% from 2012 to 2021, respectively.

In value terms, Vietnam ($X) remains the largest phosphorus, arsenic and selenium supplier in Asia-Pacific, comprising 82% of total exports. The second position in the ranking was held by China ($X), with a 3.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Vietnam totaled +12.9%.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, increasing by 13% against the previous year. Overall, the export price, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2018 an increase of 16%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while Vietnam stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (-0.7%).

Imports of Phosphorus, Arsenic And Selenium

Imports in Asia-Pacific

In 2021, phosphorus, arsenic and selenium imports in Asia-Pacific skyrocketed to X tons, jumping by 23% compared with 2020 figures. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +97.0% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, phosphorus, arsenic and selenium imports surged to $X in 2021. Over the period under review, imports, however, recorded a noticeable slump. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India was the major importer of phosphorus, arsenic and selenium in Asia-Pacific, with the volume of imports amounting to X tons, which was approx. 50% of total imports in 2021. Japan (X tons) held the second position in the ranking, distantly followed by South Korea (X tons) and Taiwan (Chinese) (X tons). All these countries together took approx. 44% share of total imports. China (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by South Korea (with a CAGR of +14.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Japan ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2021, together comprising 75% of total imports.

South Korea, with a CAGR of +10.8%, saw the highest growth rate of the value of imports, in terms of 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

In 2021, the import price in Asia-Pacific amounted to $X per ton, growing by 12% against the previous year. Overall, the import price, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 an increase of 15% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, 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 China ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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