Eastern Asia: Diphosphorus Pentaoxide Market 2024

Diphosphorus Pentaoxide Market Size in Eastern Asia

The East Asian diphosphorus pentaoxide market skyrocketed to $X in 2022, jumping by 35% against the previous year. Over the period under review, consumption, however, recorded a perceptible shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Diphosphorus Pentaoxide Production in Eastern Asia

In value terms, diphosphorus pentaoxide production totaled $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 14%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Diphosphorus Pentaoxide Exports

Exports in Eastern Asia

In 2022, approx. X tons of diphosphorus pentaoxide were exported in Eastern Asia; declining by -7.3% on 2021 figures. The total export volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 49% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, diphosphorus pentaoxide exports soared to $X in 2022. Overall, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 103%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

The shipments of the one major exporters of diphosphorus pentaoxide, namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the diphosphorus pentaoxide exports, with a CAGR of +2.4% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest diphosphorus pentaoxide supplier in Eastern Asia.

From 2012 to 2022, the average annual growth rate of value in China amounted to +9.1%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, picking up by 32% against the previous year. In general, the export price saw a resilient expansion. The growth pace was the most rapid in 2021 when the export price increased by 53% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +6.6% per year.

Diphosphorus Pentaoxide Imports

Imports in Eastern Asia

In 2022, overseas purchases of diphosphorus pentaoxide decreased by -5.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 19% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, diphosphorus pentaoxide imports soared to $X in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 64%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

South Korea was the key importing country with an import of around X tons, which finished at 54% of total imports. It was distantly followed by Taiwan (Chinese) (X tons) and Japan (X tons), together comprising a 45% share of total imports.

South Korea was also the fastest-growing in terms of the diphosphorus pentaoxide imports, with a CAGR of +2.5% from 2012 to 2022. Taiwan (Chinese) (-2.9%) and Japan (-13.4%) illustrated a downward trend over the same period. While the share of South Korea (+29 p.p.) and Taiwan (Chinese) (+4.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (-33 p.p.) displayed negative dynamics.

In value terms, South Korea ($X) constitutes the largest market for imported diphosphorus pentaoxide in Eastern Asia, comprising 62% of total imports. The second position in the ranking was held by Japan ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in South Korea totaled +8.4%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-7.2% per year) and Taiwan (Chinese) (-2.2% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, surging by 29% against the previous year. Import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, diphosphorus pentaoxide import price increased by +80.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the import price increased by 40%. The level of import peaked in 2022 and is expected to retain growth in the near future.

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 ($X per ton), while Taiwan (Chinese) ($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

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