Asia-Pacific: Market for Phosphates and Polyphosphates (Excluding Calcium Hydrogenorthophosphate, Mono- Or Disodium Phosphate, Sodium Triphosphate) 2024

Market Size for Phosphates and Polyphosphates (Excluding Calcium Hydrogenorthophosphate, Mono- Or Disodium Phosphate, Sodium Triphosphate) in Asia-Pacific

In 2022, after two years of growth, there was decline in the Asia-Pacific market for phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate), when its value decreased by X% to $X. The total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Phosphates and Polyphosphates (Excluding Calcium Hydrogenorthophosphate, Mono- Or Disodium Phosphate, Sodium Triphosphate) in Asia-Pacific

In value terms, production of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) amounted to $X in 2022 estimated in export price. The total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Phosphates and Polyphosphates (Excluding Calcium Hydrogenorthophosphate, Mono- Or Disodium Phosphate, Sodium Triphosphate)

Exports in Asia-Pacific

In 2022, approx. X tons of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) were exported in Asia-Pacific; growing by X% against 2021. In general, exports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) surged to $X in 2022. Overall, exports saw a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in triphosphate) structure, reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Thailand (X tons), generating a X% share of total exports.

China was also the fastest-growing in terms of the phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) exports, with a CAGR of X% from 2012 to 2022. At the same time, Thailand (X%) displayed positive paces of growth. From 2012 to 2022, the share of China increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with an X% share of total exports.

In China, exports of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, with an increase of X% against the previous year. Export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) increased by X% against 2020 indices. As a result, the export price reached the peak level and is likely to continue 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 Thailand ($X per ton), while China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%).

Imports of Phosphates and Polyphosphates (Excluding Calcium Hydrogenorthophosphate, Mono- Or Disodium Phosphate, Sodium Triphosphate)

Imports in Asia-Pacific

After three years of growth, purchases abroad of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) decreased by X% to X tons in 2022. Overall, imports, however, posted strong growth. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Over the period under review, imports of reached the peak figure at X tons in 2021, and then contracted in the following year.

In value terms, imports of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, India (X tons), Vietnam (X tons), Indonesia (X tons), Thailand (X tons), South Korea (X tons), the Philippines (X tons), Malaysia (X tons), Australia (X tons) and Bangladesh (X tons) was the key importer of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) in Asia-Pacific, creating X% of total import. The following importers - Taiwan (Chinese) (X tons) and Japan (X tons) - each reached a X% share of total imports.

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

In value terms, India ($X), South Korea ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Indonesia, Vietnam, Australia, Malaysia, the Philippines, Japan, Taiwan (Chinese) and Bangladesh lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, surging by X% against the previous year. Import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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