Global Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size

The global phosphinates and phosphonates market soared to $X in 2022, growing by 16% against the previous year. In general, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +59.6% against 2016 indices. Global consumption peaked in 2022 and is expected to retain growth in the near future.

Phosphinates And Phosphonates Production

In value terms, phosphinates and phosphonates production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 17% against the previous year. Global production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Phosphinates And Phosphonates Exports

Exports

Global phosphinates and phosphonates exports fell notably to X tons in 2022, declining by -15.5% compared with the year before. In general, total exports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +2.6% 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 +22.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 45%. As a result, the exports attained the peak of X tons, and then dropped markedly in the following year.

In value terms, phosphinates and phosphonates exports rose remarkably to $X in 2022. Over the period under review, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 119%. Over the period under review, the global exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

China prevails in exports structure, recording X tons, which was near 69% of total exports in 2022. It was distantly followed by Switzerland (X tons), creating an 8.6% share of total exports. Belgium (X tons), Italy (X tons), the United States (X tons) and Turkey (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +3.9% from 2012 to 2022. At the same time, Italy (+9.8%) and Belgium (+1.1%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing exporter exported in the world, with a CAGR of +9.8% from 2012-2022. Switzerland experienced a relatively flat trend pattern. By contrast, Turkey (-2.2%) and the United States (-6.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +7.9 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest phosphinates and phosphonates supplier worldwide, comprising 75% of global exports. The second position in the ranking was taken by Switzerland ($X), with a 4.9% share of global exports. It was followed by Italy, with a 2.2% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +11.7%. In the other countries, the average annual rates were as follows: Switzerland (+3.1% per year) and Italy (+8.4% per year).

Export Prices by Country

In 2022, the average phosphinates and phosphonates export price amounted to $X per ton, with an increase of 34% against the previous year. Overall, the export price continues to indicate a strong increase. The pace of growth was the most pronounced in 2021 when the average export price increased by 50%. The global export price peaked in 2022 and is expected to retain growth in the immediate term.

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 China ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.5%), while the other global leaders experienced more modest paces of growth.

Phosphinates And Phosphonates Imports

Imports

In 2022, supplies from abroad of phosphinates (hypophosphites) and phosphonates (phosphites) increased by 0.4% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 33%. Global imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, phosphinates and phosphonates imports skyrocketed to $X in 2022. Overall, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 86%. Over the period under review, global imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Germany (X tons), distantly followed by the United States (X tons), Japan (X tons), Malaysia (X tons), Italy (X tons) and France (X tons) were the key importers of phosphinates (hypophosphites) and phosphonates (phosphites), together mixing up 57% of total imports. Belgium (X tons), Switzerland (X tons), South Korea (X tons), India (X tons), the Netherlands (X tons), Israel (X tons) and Taiwan (Chinese) (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by India (with a CAGR of +18.8%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2022, with a combined 44% share of global imports. Italy, South Korea, Malaysia, France, India, Switzerland, Belgium, Israel, the Netherlands and Taiwan (Chinese) lagged somewhat behind, together comprising a further 37%.

India, with a CAGR of +25.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average phosphinates and phosphonates import price stood at $X per ton in 2022, growing by 38% against the previous year. In general, the import price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 an increase of 40% against the previous year. Global import price peaked in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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