EU: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in the EU

After three years of growth, the EU phosphinates and phosphonates market decreased by X% to $X in 2023. Overall, consumption showed a perceptible shrinkage. As a result, consumption reached the peak level of $X, and then contracted sharply in the following year.

Phosphinates And Phosphonates Production in the EU

In value terms, phosphinates and phosphonates production stood at $X in 2023 estimated in export price. Over the period under review, production saw a noticeable reduction. The most prominent rate of growth was recorded in 2022 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Phosphinates And Phosphonates Exports

Exports in the EU

In 2023, shipments abroad of phosphinates (hypophosphites) and phosphonates (phosphites) decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a slight expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2022, and then reduced markedly in the following year.

In value terms, phosphinates and phosphonates exports shrank dramatically to $X in 2023. Overall, exports, however, recorded noticeable growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked at $X in 2022, and then contracted sharply in the following year.

Exports by Country

The Netherlands (X tons), Belgium (X tons), Italy (X tons), Germany (X tons), France (X tons) and Spain (X tons) represented roughly X% of total exports in 2023. Sweden (X tons) took a relatively small share of total exports.

From 2012 to 2023, the biggest increases were recorded for Sweden (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest phosphinates and phosphonates supplying countries in the European Union were the Netherlands ($X), Germany ($X) and Belgium ($X), together accounting for X% of total exports. Italy, France, Spain and Sweden lagged somewhat behind, together accounting for a further X%.

Sweden, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2023, growing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2022 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced more modest paces of growth.

Phosphinates And Phosphonates Imports

Imports in the EU

In 2023, after two years of growth, there was significant decline in overseas purchases of phosphinates (hypophosphites) and phosphonates (phosphites), when their volume decreased by X% to X tons. In general, imports showed a noticeable decrease. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2022, and then shrank markedly in the following year.

In value terms, phosphinates and phosphonates imports fell notably to $X in 2023. Overall, imports, however, posted slight growth. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2022, and then shrank significantly in the following year.

Imports by Country

Germany represented the main importing country with an import of around X tons, which amounted to X% of total imports. Italy (X tons) took the second position in the ranking, followed by France (X tons), the Netherlands (X tons), Spain (X tons) and Belgium (X tons). All these countries together took near X% share of total imports. Slovenia (X tons) followed a long way behind the leaders.

Imports into Germany decreased at an average annual rate of X% from 2012 to 2023. At the same time, Spain (X%), the Netherlands (X%) and Slovenia (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2023. By contrast, Belgium (X%), Italy (X%) and France (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.) and Spain (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of France (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported phosphinates (hypophosphites) and phosphonates (phosphites) in the European Union, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with an X% share of total imports. It was followed by France, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Germany was relatively modest. In the other countries, the average annual rates were as follows: Italy (X% per year) and France (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2023, declining by X% against the previous year. In general, the import price, however, posted moderate growth. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted markedly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Italy ($X per ton) and Slovenia ($X per ton), while France ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform