Asia-Pacific: Diphosphorus Pentaoxide Market 2023

Diphosphorus Pentaoxide Market Size in Asia-Pacific

The Asia-Pacific diphosphorus pentaoxide market surged to $X in 2022, with an increase of 20% against the previous year. Overall, consumption, however, saw a mild downturn. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Diphosphorus Pentaoxide Production in Asia-Pacific

In value terms, diphosphorus pentaoxide production surged to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Diphosphorus Pentaoxide Exports

Exports in Asia-Pacific

In 2022, exports of diphosphorus pentaoxide in Asia-Pacific declined to X tons, falling by -4.3% against 2021 figures. The total export volume increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 46% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, diphosphorus pentaoxide exports soared to $X in 2022. In general, exports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2021 with an increase of 104%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, China (X tons) represented the main exporter of diphosphorus pentaoxide, committing 85% of total exports. It was distantly followed by India (X tons), generating a 14% share of total exports.

Exports from China increased at an average annual rate of +2.4% from 2012 to 2022. At the same time, India (+27.8%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +27.8% from 2012-2022. From 2012 to 2022, the share of India increased by +13 percentage points.

In value terms, China ($X) remains the largest diphosphorus pentaoxide supplier in Asia-Pacific, comprising 80% of total exports. The second position in the ranking was taken by India ($X), with a 19% share of total exports.

In China, diphosphorus pentaoxide exports expanded at an average annual rate of +9.1% 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 35% against the previous year. In general, the export price saw a buoyant increase. The pace of growth appeared the most rapid in 2021 an increase of 54% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.0%).

Diphosphorus Pentaoxide Imports

Imports in Asia-Pacific

In 2022, after two years of growth, there was significant decline in overseas purchases of diphosphorus pentaoxide, when their volume decreased by -38% to X tons. Overall, imports saw a perceptible shrinkage. The growth pace was the most rapid in 2021 when imports increased by 61%. As a result, imports attained the peak of X tons, and then reduced markedly in the following year.

In value terms, diphosphorus pentaoxide imports contracted dramatically to $X in 2022. Over the period under review, imports, however, recorded temperate growth. The most prominent rate of growth was recorded in 2021 when imports increased by 96%. As a result, imports attained the peak of $X, and then fell significantly in the following year.

Imports by Country

India represented the major importing country with an import of around X tons, which finished at 56% of total imports. South Korea (X tons) ranks second in terms of the total imports with a 15% share, followed by Taiwan (Chinese) (6.6%), Japan (6.1%) and Indonesia (6%). The following importers - Pakistan (X tons) and Singapore (X tons) - together made up 5.2% of total imports.

From 2012 to 2022, average annual rates of growth with regard to diphosphorus pentaoxide imports into India stood at -1.1%. At the same time, Indonesia (+16.6%), Pakistan (+11.3%) and South Korea (+2.5%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +16.6% from 2012-2022. By contrast, Taiwan (Chinese) (-2.9%), Singapore (-12.3%) and Japan (-13.4%) illustrated a downward trend over the same period. South Korea (+5.5 p.p.), Indonesia (+4.9 p.p.), India (+4.5 p.p.) and Pakistan (+2.5 p.p.) significantly strengthened its position in terms of the total imports, while Singapore and Japan saw its share reduced by -3.5% and -14.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported diphosphorus pentaoxide in Asia-Pacific, comprising 53% of total imports. The second position in the ranking was taken by South Korea ($X), with a 19% share of total imports. It was followed by Japan, with a 6.6% share.

From 2012 to 2022, the average annual growth rate of value in India totaled +5.4%. In the other countries, the average annual rates were as follows: South Korea (+8.4% per year) and Japan (-7.2% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, with an increase of 25% against the previous year. In general, the import price continues to indicate a buoyant expansion. As a result, import price attained 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 Singapore ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+11.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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