Asia: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in Asia

In 2022, the Asian phosphinates and phosphonates market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Phosphinates And Phosphonates Production in Asia

In value terms, phosphinates and phosphonates production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% 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 2014 with an increase of 22% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Phosphinates And Phosphonates Exports

Exports in Asia

In 2022, approx. X tons of phosphinates (hypophosphites) and phosphonates (phosphites) were exported in Asia; with a decrease of -21% on the previous year's figure. Total exports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +3.2% 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 +20.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 52%. As a result, the exports reached the peak of X tons, and then shrank markedly in the following year.

In value terms, phosphinates and phosphonates exports expanded sharply to $X in 2022. Over the period under review, exports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 146%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

China dominates exports structure, resulting at X tons, which was near 91% of total exports in 2022. The following exporters - Turkey (X tons) and Malaysia (X tons) - each amounted to a 4.1% 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. By contrast, Turkey (-2.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +5.9 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest phosphinates and phosphonates supplier in Asia, comprising 93% of total exports. The second position in the ranking was taken by Turkey ($X), with a 1.1% share of total exports.

In China, phosphinates and phosphonates exports expanded at an average annual rate of +11.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (-3.1% per year) and Malaysia (-2.4% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, with an increase of 40% against the previous year. In general, the export price showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when the export price increased by 62% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.5%), while the other leaders experienced a decline in the export price figures.

Phosphinates And Phosphonates Imports

Imports in Asia

In 2022, phosphinates and phosphonates imports in Asia reduced slightly to X tons, which is down by -3.1% on 2021. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 27%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, phosphinates and phosphonates imports skyrocketed to $X in 2022. Overall, imports, however, showed a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by 79% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

In 2022, Japan (X tons) and Malaysia (X tons) represented the key importers of phosphinates (hypophosphites) and phosphonates (phosphites) in Asia, together constituting 41% of total imports. South Korea (X tons) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by India (9.2%), Israel (7.5%), Taiwan (Chinese) (6.2%) and Turkey (4.7%). Vietnam (X tons), Indonesia (X tons), Thailand (X tons) and Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of +38.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2022, with a combined 53% share of total imports. India, Turkey, Indonesia, Israel, Thailand, Taiwan (Chinese), Singapore and Vietnam lagged somewhat behind, together comprising a further 40%.

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

The import price in Asia stood at $X per ton in 2022, rising by 25% against the previous year. Import price indicated a notable increase from 2012 to 2022: its price 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, phosphinates and phosphonates import price increased by +79.4% against 2017 indices. The pace of growth was the most pronounced in 2021 an increase of 41%. The level of import peaked in 2022 and is expected to retain growth in the near future.

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 Thailand (+8.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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