Eastern Asia: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in Eastern Asia

The East Asian 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 +4.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Phosphinates And Phosphonates Production in Eastern Asia

In value terms, phosphinates and phosphonates production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.1% 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 2014 with an increase of 16% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Phosphinates And Phosphonates Exports

Exports in Eastern Asia

In 2022, exports of phosphinates (hypophosphites) and phosphonates (phosphites) in Eastern Asia shrank notably to X tons, reducing by -22.9% compared with 2021 figures. Total exports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +3.7% 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 +20.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year. As a result, the exports reached the peak of X tons, and then dropped rapidly in the following year.

In value terms, phosphinates and phosphonates exports rose markedly to $X in 2022. Overall, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 160% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

China (X tons) represented roughly 99% of total exports in 2022.

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. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest phosphinates and phosphonates supplier in Eastern Asia.

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

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, jumping by 43% against the previous year. In general, the export price posted strong growth. The pace of growth appeared the most rapid in 2021 when the export price increased by 66% against the previous year. The level of export peaked in 2022 and is expected to retain 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 +7.5% per year.

Phosphinates And Phosphonates Imports

Imports in Eastern Asia

In 2022, approx. X tons of phosphinates (hypophosphites) and phosphonates (phosphites) were imported in Eastern Asia; falling by -16.7% compared with the year before. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 47% against the previous year. As a result, imports reached the peak of X tons, and then reduced rapidly in the following year.

In value terms, phosphinates and phosphonates imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a pronounced increase. The most prominent rate of growth was recorded in 2021 with an increase of 105%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Japan (X tons) represented the largest importer of phosphinates (hypophosphites) and phosphonates (phosphites), making up 54% of total imports. South Korea (X tons) ranks second in terms of the total imports with a 27% share, followed by Taiwan (Chinese) (15%). China (X tons) followed a long way behind the leaders.

Japan was also the fastest-growing in terms of the phosphinates (hypophosphites) and phosphonates (phosphites) imports, with a CAGR of +3.2% from 2012 to 2022. At the same time, South Korea (+2.1%) displayed positive paces of growth. By contrast, Taiwan (Chinese) (-1.6%) and China (-11.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Japan and South Korea increased by +11 and +3.1 percentage points, respectively.

In value terms, the largest phosphinates and phosphonates importing markets in Eastern Asia were Japan ($X), South Korea ($X) and China ($X), with a combined 91% share of total imports.

South Korea, with a CAGR of +10.7%, 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 mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, growing by 42% against the previous year. In general, the import price recorded moderate growth. 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 China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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