Germany: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in Germany

The German phosphinates and phosphonates market soared to $X in 2022, increasing by 79% against the previous year. Overall, consumption saw a strong expansion. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in the immediate term.

Phosphinates And Phosphonates Production in Germany

In value terms, phosphinates and phosphonates production dropped significantly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. As a result, production attained the peak level of $X, and then shrank notably in the following year.

Phosphinates And Phosphonates Exports

Exports from Germany

In 2022, overseas shipments of phosphinates (hypophosphites) and phosphonates (phosphites) decreased by -22.2% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of 76%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, phosphinates and phosphonates exports declined to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Switzerland (X tons), France (X tons) and China (X tons) were the main destinations of phosphinates and phosphonates exports from Germany, with a combined 46% share of total exports. Austria, Hong Kong SAR, Italy, Spain, the United States, Turkey, India, Romania, the Netherlands and South Korea lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +21.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), China ($X) and Austria ($X) were the largest markets for phosphinates and phosphonates exported from Germany worldwide, together comprising 44% of total exports.

Among the main countries of destination, China, with a CAGR of +29.5%, recorded 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 average phosphinates and phosphonates export price stood at $X per ton in 2022, surging by 16% against the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% 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 export price increased by +109.7% against 2015 indices. The most prominent rate of growth was recorded in 2016 an increase of 37% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Phosphinates And Phosphonates Imports

Imports into Germany

For the third year in a row, Germany recorded growth in supplies from abroad of phosphinates (hypophosphites) and phosphonates (phosphites), which increased by 7.2% to X tons in 2022. Overall, total imports indicated a noticeable increase from 2012 to 2022: its volume 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, imports increased by +65.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 41%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, phosphinates and phosphonates imports soared to $X in 2022. In general, imports recorded a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 131% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of phosphinates and phosphonates to Germany, with a 83% share of total imports. Moreover, phosphinates and phosphonates imports from China exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), ninefold. The third position in this ranking was taken by the UK (X tons), with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-9.5% per year) and the UK (+47.2% per year).

In value terms, China ($X) constituted the largest supplier of phosphinates (hypophosphites) and phosphonates (phosphites) to Germany, comprising 92% of total imports. The second position in the ranking was held by Switzerland ($X), with a 4.3% share of total imports. It was followed by the UK, with a 1.4% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +23.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-4.1% per year) and the UK (+39.3% per year).

Import Prices by Country

The average phosphinates and phosphonates import price stood at $X per ton in 2022, picking up by 64% against the previous year. Over the period under review, the import price recorded a remarkable increase. As a result, import 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 importers, the country with the highest price was Belgium ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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