EU: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in the EU

The EU phosphinates and phosphonates market skyrocketed to $X in 2022, rising by 37% against the previous year. Overall, consumption, however, saw a resilient expansion. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Phosphinates And Phosphonates Production in the EU

In value terms, phosphinates and phosphonates production contracted to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 21%. 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 the EU

In 2022, the amount of phosphinates (hypophosphites) and phosphonates (phosphites) exported in the European Union rose to X tons, with an increase of 2.2% on the previous year. Total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.2% 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 +38.3% against 2018 indices. The growth pace was the most rapid in 2021 with an increase of 45% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, phosphinates and phosphonates exports surged to $X in 2022. Overall, exports saw a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 64%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

Belgium (X tons) and Italy (X tons) represented the main exporters of phosphinates (hypophosphites) and phosphonates (phosphites) in 2022, reaching approx. 25% and 21% of total exports, respectively. France (X tons) ranks next in terms of the total exports with a 14% share, followed by the Netherlands (12%), Spain (9%), Germany (8.2%) and Sweden (5.9%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Sweden (with a CAGR of +67.3%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Belgium ($X) constituted the countries with the highest levels of exports in 2022, together comprising 56% of total exports.

Among the main exporting countries, France, with a CAGR of +119.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, growing by 21% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+34.9%), while the other leaders experienced more modest paces of growth.

Phosphinates And Phosphonates Imports

Imports in the EU

In 2022, supplies from abroad of phosphinates (hypophosphites) and phosphonates (phosphites) increased by 1% to X tons, rising for the second year in a row after two years of decline. Total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 44% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, phosphinates and phosphonates imports skyrocketed to $X in 2022. Over the period under review, imports showed a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 111% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X tons) was the main importer of phosphinates (hypophosphites) and phosphonates (phosphites), achieving 48% of total imports. Italy (X tons) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by France (11%), Belgium (11%) and the Netherlands (6.9%). The following importers - Spain (X tons) and Slovenia (X tons) - each reached a 3.7% share of total imports.

Imports into Germany increased at an average annual rate of +3.3% from 2012 to 2022. At the same time, Belgium (+15.6%), the Netherlands (+9.9%), Slovenia (+7.0%), Spain (+6.1%) and Italy (+4.8%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in the European Union, with a CAGR of +15.6% from 2012-2022. France experienced a relatively flat trend pattern. Belgium (+7 p.p.), the Netherlands (+3.1 p.p.) and Italy (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Germany and France saw its share reduced by -1.5% and -4.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported phosphinates (hypophosphites) and phosphonates (phosphites) in the European Union, comprising 53% of total imports. The second position in the ranking was held by Italy ($X), with a 19% share of total imports. It was followed by France, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in Germany totaled +13.0%. The remaining importing countries recorded the following average annual rates of imports growth: Italy (+16.3% per year) and France (+9.7% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, increasing by 53% against the previous year. In general, the import price showed buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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