Southern Asia: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in Southern Asia

The South Asian phosphinates and phosphonates market declined modestly to $X in 2022, almost unchanged from the previous year. The total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +65.9% against 2016 indices. Over the period under review, the market attained the peak level at $X in 2021, and then shrank in the following year.

Phosphinates And Phosphonates Production in Southern Asia

In value terms, phosphinates and phosphonates production fell modestly to $X in 2022 estimated in export price. The total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 -0.7% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 39% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Phosphinates And Phosphonates Exports

Exports in Southern Asia

In 2022, shipments abroad of phosphinates (hypophosphites) and phosphonates (phosphites) increased by 47% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 72%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, phosphinates and phosphonates exports surged to $X in 2022. Total exports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +113.8% against 2020 indices. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, India (X tons) was the major exporter of phosphinates (hypophosphites) and phosphonates (phosphites), generating 75% of total exports. Pakistan (X tons) held a 17% share (based on physical terms) of total exports, which put it in second place, followed by Sri Lanka (7.5%).

Exports from India decreased at an average annual rate of -1.8% from 2012 to 2022. At the same time, Sri Lanka (+78.2%) and Pakistan (+5.6%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +78.2% from 2012-2022. Sri Lanka (+7.5 p.p.) and Pakistan (+7.2 p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by -14.7% from 2012 to 2022, respectively.

In value terms, India ($X) remains the largest phosphinates and phosphonates supplier in Southern Asia, comprising 97% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 2% share of total exports.

In India, phosphinates and phosphonates exports expanded at an average annual rate of +2.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sri Lanka (+79.7% per year) and Pakistan (+6.5% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, with an increase of 2.3% against the previous year. Export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.3% 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 +85.3% against 2016 indices. The pace of growth appeared the most rapid in 2018 an increase of 31% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

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 India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.9%), while the other leaders experienced more modest paces of growth.

Phosphinates And Phosphonates Imports

Imports in Southern Asia

For the seventh year in a row, Southern Asia recorded growth in purchases abroad of phosphinates (hypophosphites) and phosphonates (phosphites), which increased by 3.2% to X tons in 2022. Overall, imports enjoyed strong growth. The pace of growth was the most pronounced in 2013 with an increase of 92%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, phosphinates and phosphonates imports soared to $X in 2022. In general, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 123% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

India dominates imports structure, amounting to X tons, which was approx. 90% of total imports in 2022. It was distantly followed by Bangladesh (X tons), creating a 5.2% share of total imports. Pakistan (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the phosphinates (hypophosphites) and phosphonates (phosphites) imports, with a CAGR of +18.8% from 2012 to 2022. At the same time, Bangladesh (+7.5%) displayed positive paces of growth. Pakistan experienced a relatively flat trend pattern. While the share of India (+21 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Bangladesh (-5.5 p.p.) and Pakistan (-12.2 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported phosphinates (hypophosphites) and phosphonates (phosphites) in Southern Asia, comprising 96% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 1.9% share of total imports.

In India, phosphinates and phosphonates imports increased at an average annual rate of +25.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (+6.4% per year) and Pakistan (+4.8% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, increasing by 33% against the previous year. Over the period under review, the import price showed a strong expansion. The most prominent rate of growth was recorded in 2021 an increase of 68% against the previous year. Over the period under review, import prices hit record highs 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 India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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