Eastern Asia: Market for Phosphorus, Arsenic And Selenium 2024

Market Size for Phosphorus, Arsenic And Selenium in Eastern Asia

The East Asian phosphorus, arsenic and selenium market expanded remarkably to $X in 2021, with an increase of 5.1% against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Phosphorus, Arsenic And Selenium in Eastern Asia

In value terms, phosphorus, arsenic and selenium production reached $X in 2021 estimated in export price. In general, production continues to indicate a mild decline. The most prominent rate of growth was recorded in 2018 with an increase of 21% against the previous year. 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 Eastern Asia

In 2021, overseas shipments of phosphorus, arsenic and selenium were finally on the rise to reach X tons after three years of decline. Overall, exports, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2013 with an increase of 39%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, phosphorus, arsenic and selenium exports contracted modestly to $X in 2021. Over the period under review, exports, however, showed a deep slump. The growth pace was the most rapid in 2018 when exports increased by 25% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China represented the largest exporter of phosphorus, arsenic and selenium in Eastern Asia, with the volume of exports finishing at X tons, which was near 64% of total exports in 2021. Hong Kong SAR (X tons) took a 19% share (based on physical terms) of total exports, which put it in second place, followed by Japan (11%) and South Korea (5.5%).

From 2012 to 2021, average annual rates of growth with regard to phosphorus, arsenic and selenium exports from China stood at -13.5%. At the same time, Hong Kong SAR (+7.3%) and Japan (+1.9%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +7.3% from 2012-2021. By contrast, South Korea (-2.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Hong Kong SAR, Japan and South Korea increased by +15, +7.5 and +3 percentage points, respectively.

In value terms, Japan ($X), Hong Kong SAR ($X) and China ($X) constituted the countries with the highest levels of exports in 2021, with a combined 92% share of total exports.

Among the main exporting countries, Hong Kong SAR, with a CAGR of -8.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, waning by -6.3% against the previous year. Over the period under review, the export price showed a pronounced decline. The pace of growth was the most pronounced in 2018 when the export price increased by 65%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-1.7%), while the other leaders experienced a decline in the export price figures.

Imports of Phosphorus, Arsenic And Selenium

Imports in Eastern Asia

In 2021, approx. X tons of phosphorus, arsenic and selenium were imported in Eastern Asia; with an increase of 11% on the year before. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +9.1% against 2018 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 28% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, phosphorus, arsenic and selenium imports soared to $X in 2021. Over the period under review, imports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2017 when imports increased by 49%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Japan represented the major importer of phosphorus, arsenic and selenium in Eastern Asia, with the volume of imports resulting at X tons, which was approx. 54% of total imports in 2021. South Korea (X tons) ranks second in terms of the total imports with a 25% share, followed by Taiwan (Chinese) (15%). China (X tons) and Hong Kong SAR (X tons) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to phosphorus, arsenic and selenium imports into Japan stood at +2.8%. At the same time, South Korea (+14.7%), Hong Kong SAR (+7.6%), Taiwan (Chinese) (+6.3%) and China (+1.6%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +14.7% from 2012-2021. South Korea (+13 p.p.) significantly strengthened its position in terms of the total imports, while Japan saw its share reduced by -13.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest phosphorus, arsenic and selenium importing markets in Eastern Asia were Japan ($X), South Korea ($X) and Taiwan (Chinese) ($X), together accounting for 75% of total imports.

South Korea, with a CAGR of +10.8%, saw the highest rates of growth with regard to the value of imports, among 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 Eastern Asia amounted to $X per ton, picking up by 9.9% against the previous year. In general, the import price, however, continues to indicate a abrupt decrease. The growth pace was the most rapid in 2017 when the import price increased by 16%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Japan ($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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