Indonesia: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in Indonesia

The Indonesian phosphinates and phosphonates market fell slightly to $X in 2022, with a decrease of -5% against the previous year. In general, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -14.0% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Phosphinates And Phosphonates Production in Indonesia

In value terms, phosphinates and phosphonates production reduced to $X in 2022 estimated in export price. Overall, the total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -16.5% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 51%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Phosphinates And Phosphonates Exports

Exports from Indonesia

In 2022, the amount of phosphinates (hypophosphites) and phosphonates (phosphites) exported from Indonesia was estimated at X tons, growing by 4.6% on the previous year. In general, exports, however, continue to indicate a significant decline. The growth pace was the most rapid in 2015 with an increase of 397% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, phosphinates and phosphonates exports rose slightly to $X in 2022. Over the period under review, exports, however, continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 263% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for phosphinates and phosphonates exports from Indonesia, accounting for a 98% share of total exports. It was followed by Japan (X kg), with a 0.2% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Malaysia stood at -25.9%.

In value terms, Malaysia ($X) remains the key foreign market for phosphinates (hypophosphites) and phosphonates (phosphites) exports from Indonesia, comprising 89% of total exports. The second position in the ranking was taken by Japan ($X), with a 2.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia amounted to -22.5%.

Export Prices by Country

In 2022, the average phosphinates and phosphonates export price amounted to $X per ton, reducing by -2.6% against the previous year. Overall, the export price, however, posted a strong increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 74%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Malaysia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+30.6%).

Phosphinates And Phosphonates Imports

Imports into Indonesia

In 2022, supplies from abroad of phosphinates (hypophosphites) and phosphonates (phosphites) increased by 2.7% to X tons, rising for the second year in a row after two years of decline. Overall, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 129% 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, phosphinates and phosphonates imports soared to $X in 2022. Over the period under review, imports posted a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of 78% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Taiwan (Chinese) (X tons), China (X tons) and Thailand (X tons) were the main suppliers of phosphinates and phosphonates imports to Indonesia, together comprising 88% of total imports. India, Spain and the UK lagged somewhat behind, together accounting for a further 8.1%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +625.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), China ($X) and Thailand ($X) constituted the largest phosphinates and phosphonates suppliers to Indonesia, with a combined 82% share of total imports. India, Spain and the UK lagged somewhat behind, together accounting for a further 12%.

Among the main suppliers, Spain, with a CAGR of +408.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average phosphinates and phosphonates import price stood at $X per ton in 2022, jumping by 53% against the previous year. In general, the import price continues to indicate a prominent expansion. 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 origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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