Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Malaysia - 2024
Contents:
- Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Malaysia (CIF) - 2024
- Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Malaysia (FOB) - 2024
- Imports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Malaysia
- Exports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Malaysia
Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Malaysia (CIF) - 2024
The average import price for diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses stood at $1,137 per ton in January 2024, falling by -9.1% against the previous month. In general, the import price showed a pronounced shrinkage. The growth pace was the most rapid in July 2023 an increase of 27% m-o-m. As a result, import price attained the peak level of $1,645 per ton. From August 2023 to January 2024, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Taiwan (Chinese) ($2,356 per ton), while the price for Vietnam ($1,001 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Singapore (+2.2%), while the prices for the other major suppliers experienced a decline.
Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Malaysia (FOB) - 2024
The average export price for diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses stood at $1,604 per ton in January 2024, with an increase of 39% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 when the average export price increased by 43% against the previous month. Over the period under review, the average export prices hit record highs at $1,797 per ton in February 2023; however, from March 2023 to January 2024, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Thailand ($2,465 per ton), while the average price for exports to Singapore ($1,260 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+10.5%), while the prices for the other major destinations experienced a decline.
Imports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Malaysia
In 2022, the amount of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses imported into Malaysia expanded modestly to 19K tons, with an increase of 2% against the year before. The total import volume increased at an average annual rate of +4.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 9.5% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses soared to $34M in 2022. In general, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 1.7 | 3.3 | 13.4 | 14.6 | 104.8% |
| China | 11.9 | 9.9 | 4.1 | 13.4 | 4.0% |
| Taiwan (Chinese) | 0.9 | 1.0 | 1.5 | 2.5 | 40.6% |
| Singapore | 0.4 | 0.8 | 1.2 | 1.4 | 51.8% |
| Japan | 1.4 | 1.3 | 1.2 | 1.4 | 0.0% |
| South Korea | 0.1 | N/A | N/A | 0.4 | 58.7% |
| Others | 0.3 | 0.2 | 0.5 | 0.3 | 0.0% |
| Total | 16.7 | 16.5 | 21.8 | 34.1 | 26.9% |
Top Suppliers of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids to Malaysia in 2022:
- Vietnam (8.7K tons)
- China (7.6K tons)
- Singapore (1.1K tons)
- Taiwan (Chinese) (0.7K tons)
- South Korea (0.6K tons)
- Japan (0.3K tons)
Exports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Malaysia
In 2022, after three years of growth, there was significant decline in shipments abroad of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses, when their volume decreased by -17.8% to 2.9K tons. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 245%. As a result, the exports reached the peak of 3.5K tons, and then declined dramatically in the following year.
In value terms, exports of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses amounted to $4.9M in 2022. Over the period under review, exports, however, posted a significant increase. The growth pace was the most rapid in 2021 when exports increased by 320% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in years to come.
| Export of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 197 | 436 | 3,265 | 2,895 | 144.9% |
| Thailand | 320 | 415 | 508 | 1,047 | 48.5% |
| Vietnam | 34.8 | 59.2 | 54.2 | 438 | 132.6% |
| Singapore | 55.0 | 77.5 | 239 | 274 | 70.8% |
| United Arab Emirates | N/A | N/A | N/A | 68.3 | 0% |
| Others | 143 | 70.4 | 384 | 146 | 0.7% |
| Total | 750 | 1,058 | 4,450 | 4,868 | 86.5% |
Top Export Markets for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids from Malaysia in 2022:
- Indonesia (2016.6 tons)
- Thailand (387.0 tons)
- Vietnam (221.8 tons)
- Singapore (122.3 tons)
- United Arab Emirates (49.8 tons)
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