Latin America and the Caribbean: Diphosphorus Pentaoxide Market 2024

Diphosphorus Pentaoxide Market Size in Latin America and the Caribbean

In 2022, the Latin American diphosphorus pentaoxide market increased by 5.3% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, continues to indicate a buoyant expansion. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Diphosphorus Pentaoxide Production in Latin America and the Caribbean

In value terms, diphosphorus pentaoxide production amounted to $X in 2022 estimated in export price. In general, production recorded a significant increase. The growth pace was the most rapid in 2017 when the production volume increased by 1,658%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Diphosphorus Pentaoxide Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of diphosphorus pentaoxide was finally on the rise to reach X tons after two years of decline. Over the period under review, exports saw tangible growth. The most prominent rate of growth was recorded in 2017 with an increase of 145% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, diphosphorus pentaoxide exports rose slightly to $X in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 159%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Colombia (X tons) represented the main exporter of diphosphorus pentaoxide in Latin America and the Caribbean, creating 99% of total export.

Colombia was also the fastest-growing in terms of the diphosphorus pentaoxide exports, with a CAGR of +5.5% from 2012 to 2022. While the share of Colombia (+13 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Colombia ($X) also remains the largest diphosphorus pentaoxide supplier in Latin America and the Caribbean.

In Colombia, diphosphorus pentaoxide exports expanded at an average annual rate of +26.0% over the period from 2012-2022.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, shrinking by -49.1% against the previous year. In general, the export price, however, showed a resilient increase. The pace of growth was the most pronounced in 2018 an increase of 208%. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then reduced markedly in the following year.

As there is only one major export destination, the average price level is determined by prices for Colombia.

From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to +19.4% per year.

Diphosphorus Pentaoxide Imports

Imports in Latin America and the Caribbean

In 2022, the amount of diphosphorus pentaoxide imported in Latin America and the Caribbean shrank notably to X tons, with a decrease of -28.7% on the previous year's figure. Overall, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 when imports increased by 25%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, diphosphorus pentaoxide imports rose remarkably to $X in 2022. Total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.4% 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 +36.6% against 2017 indices. The most prominent rate of growth was recorded in 2021 with an increase of 47%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons) represented the main importer of diphosphorus pentaoxide, mixing up 77% of total imports. It was distantly followed by Mexico (X tons), comprising an 11% share of total imports. Colombia (X tons), Trinidad and Tobago (X tons) and Bolivia (X tons) took a little share of total imports.

Brazil experienced a relatively flat trend pattern with regard to volume of imports of diphosphorus pentaoxide. At the same time, Bolivia (+71.0%) and Trinidad and Tobago (+31.2%) displayed positive paces of growth. Moreover, Bolivia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +71.0% from 2012-2022. By contrast, Colombia (-4.1%) and Mexico (-16.3%) illustrated a downward trend over the same period. While the share of Brazil (+33 p.p.), Trinidad and Tobago (+2.9 p.p.) and Bolivia (+2.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mexico (-26.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported diphosphorus pentaoxide in Latin America and the Caribbean, comprising 80% of total imports. The second position in the ranking was taken by Mexico ($X), with a 12% share of total imports. It was followed by Bolivia, with a 2.4% share.

In Brazil, diphosphorus pentaoxide imports expanded at an average annual rate of +7.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mexico (-9.1% per year) and Bolivia (+76.1% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, jumping by 55% against the previous year. In general, the import price posted a resilient 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 destination: amid the top importers, the country with the highest price was Mexico ($X per ton), while Trinidad and Tobago ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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