South-Eastern Asia: Diphosphorus Pentaoxide Market 2024

Diphosphorus Pentaoxide Market Size in South-Eastern Asia

In 2022, the Southeast Asian diphosphorus pentaoxide market decreased by -48.7% to $X, falling for the second consecutive year after three years of growth. Overall, consumption, however, continues to indicate a perceptible expansion. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Diphosphorus Pentaoxide Production in South-Eastern Asia

In value terms, diphosphorus pentaoxide production reached $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt curtailment. The growth pace was the most rapid in 2020 when the production volume increased by 4.2% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Diphosphorus Pentaoxide Exports

Exports in South-Eastern Asia

After four years of growth, shipments abroad of diphosphorus pentaoxide decreased by -6.5% to X tons in 2022. Overall, exports, however, showed resilient growth. The growth pace was the most rapid in 2019 with an increase of 162% against the previous year. The volume of export peaked at X tons in 2021, and then contracted in the following year.

In value terms, diphosphorus pentaoxide exports declined modestly to $X in 2022. Over the period under review, exports, however, enjoyed a measured expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 346%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Vietnam (X tons) was the main exporter of diphosphorus pentaoxide, constituting 80% of total exports. Singapore (X tons) ranks second in terms of the total exports with an 11% share, followed by Malaysia (9%).

From 2012 to 2022, average annual rates of growth with regard to diphosphorus pentaoxide exports from Vietnam stood at +12.4%. At the same time, Malaysia (+36.5%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +36.5% from 2012-2022. By contrast, Singapore (-10.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam and Malaysia increased by +36 and +8.3 percentage points, respectively.

In value terms, Malaysia ($X), Singapore ($X) and Vietnam ($X) were the countries with the highest levels of exports in 2022.

Malaysia, with a CAGR of +40.1%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, increasing by 1.8% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2020 an increase of 120% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+7.9%), while the other leaders experienced mixed trends in the export price figures.

Diphosphorus Pentaoxide Imports

Imports in South-Eastern Asia

In 2022, after three years of growth, there was significant decline in supplies from abroad of diphosphorus pentaoxide, when their volume decreased by -41% to X tons. In general, imports, however, saw a modest increase. The most prominent rate of growth was recorded in 2019 with an increase of 130% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then dropped remarkably in the following year.

In value terms, diphosphorus pentaoxide imports shrank significantly to $X in 2022. Over the period under review, imports, however, recorded strong growth. The pace of growth was the most pronounced in 2019 when imports increased by 206% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Indonesia was the key importer of diphosphorus pentaoxide in South-Eastern Asia, with the volume of imports amounting to X tons, which was near 53% of total imports in 2022. Singapore (X tons) held a 15% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (13%), Brunei Darussalam (9.3%) and Thailand (5.8%). Lao People's Democratic Republic (X tons) followed a long way behind the leaders.

Imports into Indonesia increased at an average annual rate of +16.6% from 2012 to 2022. At the same time, Brunei Darussalam (+93.8%) and Malaysia (+26.8%) displayed positive paces of growth. Moreover, Brunei Darussalam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +93.8% from 2012-2022. By contrast, Thailand (-4.4%), Lao People's Democratic Republic (-5.5%) and Singapore (-12.3%) illustrated a downward trend over the same period. Indonesia (+39 p.p.), Malaysia (+12 p.p.) and Brunei Darussalam (+9.3 p.p.) significantly strengthened its position in terms of the total imports, while Lao People's Democratic Republic, Thailand and Singapore saw its share reduced by -3%, -4.8% and -50.6% from 2012 to 2022, respectively.

In value terms, Indonesia ($X) constitutes the largest market for imported diphosphorus pentaoxide in South-Eastern Asia, comprising 52% of total imports. The second position in the ranking was taken by Singapore ($X), with a 23% share of total imports. It was followed by Brunei Darussalam, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Indonesia stood at +21.1%. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (-2.3% per year) and Brunei Darussalam (+67.8% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, dropping by -13.9% against the previous year. Over the period under review, the import price, however, posted resilient growth. The most prominent rate of growth was recorded in 2018 an increase of 33% against the previous year. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+11.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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