Eastern Asia: Diphosphorus Pentaoxide Market 2024

Diphosphorus Pentaoxide Market Size in Eastern Asia

The East Asian diphosphorus pentaoxide market soared to $X in 2023, with an increase of X% against the previous year. In general, consumption showed a measured increase. Over the period under review, the market reached the maximum level in 2023 and is likely to see steady growth in the immediate term.

Diphosphorus Pentaoxide Production in Eastern Asia

In value terms, diphosphorus pentaoxide production shrank remarkably to $X in 2023 estimated in export price. The total production indicated a noticeable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2022, and then dropped dramatically in the following year.

Diphosphorus Pentaoxide Exports

Exports in Eastern Asia

In 2023, the amount of diphosphorus pentaoxide exported in Eastern Asia plummeted to X tons, with a decrease of X% compared with the previous year. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of X tons. From 2018 to 2023, the growth of the exports remained at a lower figure.

In value terms, diphosphorus pentaoxide exports shrank rapidly to $X in 2023. Overall, exports, however, enjoyed a modest increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then contracted markedly in the following year.

Exports by Country

China (X tons) represented roughly X% of total exports in 2023.

China experienced a relatively flat trend pattern with regard to volume of exports of diphosphorus pentaoxide. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest diphosphorus pentaoxide supplier in Eastern Asia.

In China, diphosphorus pentaoxide exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2023, dropping by X% against the previous year. Export price indicated a perceptible expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked at $X per ton in 2022, and then declined dramatically in the following year.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2023, the rate of growth in terms of prices for China amounted to X% per year.

Diphosphorus Pentaoxide Imports

Imports in Eastern Asia

In 2023, supplies from abroad of diphosphorus pentaoxide decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2023, the growth of imports remained at a lower figure.

In value terms, diphosphorus pentaoxide imports reduced remarkably to $X in 2023. In general, imports recorded a slight setback. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

South Korea was the main importer of diphosphorus pentaoxide in Eastern Asia, with the volume of imports amounting to X tons, which was near X% of total imports in 2023. It was distantly followed by Taiwan (Chinese) (X tons) and Japan (X tons), together making up a X% share of total imports. China (X tons) took a minor share of total imports.

South Korea was also the fastest-growing in terms of the diphosphorus pentaoxide imports, with a CAGR of X% from 2012 to 2023. China experienced a relatively flat trend pattern. Taiwan (Chinese) (X%) and Japan (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of South Korea and Taiwan (Chinese) increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) constitutes the largest market for imported diphosphorus pentaoxide in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Japan, with an X% share.

In South Korea, diphosphorus pentaoxide imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (X% per year) and Japan (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per ton, waning by X% against the previous year. In general, the import price, however, recorded a pronounced increase. The growth pace was the most rapid in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was China ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2023, 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