Spain: Diphosphorus Pentaoxide Market 2024

Diphosphorus Pentaoxide Market Size in Spain

For the seventh consecutive year, the Spanish diphosphorus pentaoxide market recorded growth in sales value, which increased by 32% to $X in 2022. Overall, consumption recorded a strong increase. Diphosphorus pentaoxide consumption peaked in 2022 and is expected to retain growth in the immediate term.

Diphosphorus Pentaoxide Exports

Exports from Spain

In 2022, exports of diphosphorus pentaoxide from Spain soared to X tons, jumping by 4,434% compared with the previous year's figure. Overall, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2016 when exports increased by 6,593% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, diphosphorus pentaoxide exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a pronounced reduction. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for diphosphorus pentaoxide exports from Spain, accounting for a 64% share of total exports. Moreover, diphosphorus pentaoxide exports to France exceeded the volume sent to the second major destination, Germany (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to -9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+92.3% per year) and India (0.0% per year).

In value terms, France ($X), Germany ($X) and India ($X) appeared to be the largest markets for diphosphorus pentaoxide exported from Spain worldwide, together accounting for 99% of total exports.

Germany, with a CAGR of +104.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average diphosphorus pentaoxide export price amounted to $X per ton, shrinking by -23.3% against the previous year. Overall, the export price, however, showed tangible growth. The pace of growth was the most pronounced in 2015 an increase of 386% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.1%), while the prices for the other major destinations experienced mixed trend patterns.

Diphosphorus Pentaoxide Imports

Imports into Spain

In 2022, the amount of diphosphorus pentaoxide imported into Spain skyrocketed to X tons, jumping by 17% compared with the year before. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +8.9% 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 +39.4% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 38%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, diphosphorus pentaoxide imports soared to $X in 2022. Overall, imports showed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), France (X tons) and Germany (X tons) were the main suppliers of diphosphorus pentaoxide imports to Spain, together accounting for 95% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +12.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of diphosphorus pentaoxide to Spain, comprising 60% of total imports. The second position in the ranking was taken by France ($X), with a 23% share of total imports. It was followed by Germany, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +22.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+6.7% per year) and Germany (+6.1% per year).

Import Prices by Country

In 2022, the average diphosphorus pentaoxide import price amounted to $X per ton, growing by 25% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, diphosphorus pentaoxide import price increased by +57.4% against 2018 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 38%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :