South-Eastern Asia: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in South-Eastern Asia

The Southeast Asian phosphinates and phosphonates market reduced to $X in 2022, which is down by -9.4% against the previous year. Over the period under review, consumption recorded a mild reduction. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Phosphinates And Phosphonates Production in South-Eastern Asia

In value terms, phosphinates and phosphonates production contracted to $X in 2022 estimated in export price. Overall, production recorded a noticeable slump. The growth pace was the most rapid in 2019 when the production volume increased by 34%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Phosphinates And Phosphonates Exports

Exports in South-Eastern Asia

In 2022, the amount of phosphinates (hypophosphites) and phosphonates (phosphites) exported in South-Eastern Asia rose remarkably to X tons, surging by 7.4% against 2021. Overall, exports, however, recorded a perceptible curtailment. The pace of growth was the most pronounced in 2018 with an increase of 15%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, phosphinates and phosphonates exports skyrocketed to $X in 2022. In general, exports, however, recorded a slight descent. The pace of growth appeared the most rapid in 2014 when exports increased by 20% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia was the main exporter of phosphinates (hypophosphites) and phosphonates (phosphites) in South-Eastern Asia, with the volume of exports amounting to X tons, which was approx. 59% of total exports in 2022. Singapore (X tons) held the second position in the ranking, distantly followed by Thailand (X tons). All these countries together held near 39% share of total exports. Indonesia (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to phosphinates and phosphonates exports from Malaysia stood at +3.0%. At the same time, Thailand (+66.6%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +66.6% from 2012-2022. By contrast, Singapore (-3.0%) and Indonesia (-26.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia and Thailand increased by +25 and +13 percentage points, respectively.

In value terms, the largest phosphinates and phosphonates supplying countries in South-Eastern Asia were Singapore ($X), Malaysia ($X) and Thailand ($X), with a combined 98% share of total exports.

In terms of the main exporting countries, Thailand, with a CAGR of +57.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, with an increase of 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2021 an increase of 21%. Over the period under review, the export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+5.1%), while the other leaders experienced mixed trends in the export price figures.

Phosphinates And Phosphonates Imports

Imports in South-Eastern Asia

In 2022, supplies from abroad of phosphinates (hypophosphites) and phosphonates (phosphites) decreased by -1.5% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 28%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, phosphinates and phosphonates imports reached $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.2% 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 +50.1% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 46%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

Malaysia represented the main importing country with an import of around X tons, which finished at 55% of total imports. It was distantly followed by Vietnam (X tons), Indonesia (X tons), Thailand (X tons) and Singapore (X tons), together making up a 44% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to phosphinates and phosphonates imports into Malaysia stood at +1.7%. At the same time, Vietnam (+38.7%), Thailand (+10.2%) and Indonesia (+7.4%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +38.7% from 2012-2022. By contrast, Singapore (-6.4%) illustrated a downward trend over the same period. Vietnam (+11 p.p.), Thailand (+5.4 p.p.) and Indonesia (+4.1 p.p.) significantly strengthened its position in terms of the total imports, while Malaysia and Singapore saw its share reduced by -6.1% and -15.1% from 2012 to 2022, respectively.

In value terms, Malaysia ($X) constitutes the largest market for imported phosphinates (hypophosphites) and phosphonates (phosphites) in South-Eastern Asia, comprising 46% of total imports. The second position in the ranking was held by Indonesia ($X), with a 17% share of total imports. It was followed by Thailand, with a 15% share.

In Malaysia, phosphinates and phosphonates imports expanded at an average annual rate of +3.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Indonesia (+12.9% per year) and Thailand (+19.6% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, rising by 4.2% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2021 an increase of 39% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

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

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

Source: IndexBox Platform

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