Phosphoric esters market
Phosphoric Esters - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | United States |
| 2 | China |
| 3 | India |
| 4 | Brazil |
| 5 | Russia |
In value terms, the United States, China and India constituted the countries with the highest levels of market value in 2020, with a combined 45% share of the global market. Brazil, Russia, Japan, South Korea, Egypt, Mexico, Germany, Taiwan (Chinese), Saudi Arabia and Turkey lagged somewhat behind, together comprising a further 30%.
Russia recorded the highest rates of growth with regard to market size, among the main consuming countries over the period under review, while phosphoric esters; and their salts market for the other global leaders experienced more modest paces of growth.
Phosphoric Esters; And Their Salts Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| China | 2182 | 1991 | 2038 | -3.4% |
| Netherlands | 2468 | 2404 | 2469 | 0.0% |
| Germany | 3081 | 3107 | 3029 | -0.8% |
| United States | 4816 | 5255 | 4803 | -0.1% |
| Japan | 5948 | 5712 | 5308 | -5.5% |
| Average | 2689 | 2516 | 2597 | -1.7% |
Prices varied noticeably by the country of origin; the country with the highest price was Japan ($5,308 per ton), while China ($2,038 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced a decline in the export price figures.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Hungary | 3081 | 3107 | 2975 | -1.7% |
| Belgium | 2757 | 2422 | 2856 | 1.8% |
| South Korea | 2967 | 2799 | 2780 | -3.2% |
| Japan | 2594 | 2492 | 2759 | 3.1% |
| Germany | 2686 | 2530 | 2639 | -0.9% |
| Italy | 2824 | 2646 | 2617 | -3.7% |
| Canada | 2480 | 2274 | 2309 | -3.5% |
| Spain | 2335 | 2137 | 2291 | -0.9% |
| Russia | 2052 | 2324 | 2288 | 5.6% |
| United Kingdom | 2362 | 2230 | 2239 | -2.6% |
| United States | 2614 | 2393 | 2131 | -9.7% |
| Turkey | 2252 | 2000 | 2024 | -5.2% |
| Netherlands | 2090 | 1876 | 1938 | -3.7% |
| Average | 2739 | 2595 | 2654 | -1.6% |
Prices varied noticeably by the country of destination; the country with the highest price was Hungary ($2,975 per ton), while the Netherlands ($1,938 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Russia, while the other global leaders experienced more modest paces of growth.
Phosphoric Esters; and Their Salts - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| United States | 121 | 116 | 96 | -10.9% |
| South Korea | 98 | 93 | 94 | -1.7% |
| Netherlands | 78 | 74 | 76 | -1.4% |
| Germany | 67 | 74 | 62 | -3.7% |
| Belgium | 24 | 23 | 34 | 19.3% |
In value terms, the United States ($97M), South Korea ($94M) and the Netherlands ($76M) appeared to be the countries with the highest levels of imports in 2020, with a combined 30% share of global imports. Germany, Belgium, Italy, Hungary, Spain, Japan, Canada, the UK, Russia and Turkey lagged somewhat behind, together comprising a further 35%.
Hungary 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.
Phosphoric Esters; and Their Salts - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| China | 485 | 482 | 448 | -3.9% |
| Germany | 138 | 130 | 138 | 0.1% |
| Japan | 66 | 67 | 81 | 10.8% |
| Netherlands | 45 | 60 | 71 | 25.5% |
| United States | 57 | 46 | 42 | -14.2% |
In value terms, China ($448M) remains the largest phosphoric esters; and their salts supplier worldwide, comprising 49% of global exports. The second position in the ranking was occupied by Germany ($138M), with a 15% share of global exports. It was followed by Japan, with a 8.9% share.
From 2018 to 2020, the average annual rate of growth in terms of value in China amounted to -3.9%. In the other countries, the average annual rates were as follows: Germany (+0.1% per year) and Japan (+10.8% per year).
Phosphoric Esters; and Their Salts - Market Forecast
Driven by increasing demand for phosphoric esters; and their salts worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Phosphoric Esters - Product Coverage
- HS 291910 - Esters; phosphoric, and their salts, including lactophosphates, their halogenated, sulphonated, nitrated or nitrosated derivatives; tris(2,3-dibromopropyl) phosphate
- HS 291990 - Esters; phosphoric, and their salts, including lactophosphates, their halogenated, sulphonated, nitrated or nitrosated derivatives; other than tris(2,3-dibromopropyl) phosphate
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