Diphosphorus Pentaoxide Market

The global diphosphorus pentaoxide market is expected to experience continued growth in consumption, with forecasted increases in both volume and value by 2030. Market performance is projected to expand with a CAGR of +0.3% in volume and +3.6% in value from 2022 to 2030. The Netherlands, United States, and Germany are the top consuming countries, while China dominates production and export. Import prices surged in 2022, with Germany having the highest price per ton. China remains the largest exporter of diphosphorus pentaoxide worldwide.

Market Forecast

Driven by increasing demand for diphosphorus pentaoxide worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.3% for the period from 2022 to 2030, which is projected to bring the market volume to 47K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.6% for the period from 2022 to 2030, which is projected to bring the market value to $149M (in nominal prices) by the end of 2030.

Consumption

World Consumption of Diphosphorus Pentaoxide

In 2022, approx. 46K tons of diphosphorus pentaoxide were consumed worldwide; rising by 58% against the year before. Over the period under review, the total consumption indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak volume and is likely to continue growth in the immediate term.

The global diphosphorus pentaoxide market size soared to $113M in 2022, jumping by 72% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the Netherlands (12K tons), the United States (6.6K tons) and Germany (5.3K tons), with a combined 51% share of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by the Netherlands (with a CAGR of +43.9%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($19M), the United States ($17M) and the Netherlands ($13M) appeared to be the countries with the highest levels of market value in 2022, together accounting for 43% of the global market.

In terms of the main consuming countries, the Netherlands, with a CAGR of +34.8%, saw the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of diphosphorus pentaoxide per capita consumption was registered in the Netherlands (660 kg per 1000 persons), followed by Germany (64 kg per 1000 persons), Spain (60 kg per 1000 persons) and the UK (57 kg per 1000 persons), while the world average per capita consumption of diphosphorus pentaoxide was estimated at 5.9 kg per 1000 persons.

In the Netherlands, diphosphorus pentaoxide per capita consumption increased at an average annual rate of +43.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+21.4% per year) and Spain (+10.6% per year).

Production

World Production of Diphosphorus Pentaoxide

In 2022, global diphosphorus pentaoxide production amounted to 24K tons, increasing by 15% against the previous year. The total output volume increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, production reached the peak volume and is likely to continue growth in the immediate term.

In value terms, diphosphorus pentaoxide production totaled $40M in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2016 when the production volume increased by 11% against the previous year. As a result, production reached the peak level of $41M. From 2017 to 2022, global production growth remained at a somewhat lower figure.

Production By Country

The country with the largest volume of diphosphorus pentaoxide production was China (18K tons), accounting for 75% of total volume. Moreover, diphosphorus pentaoxide production in China exceeded the figures recorded by the second-largest producer, India (2.6K tons), sevenfold. South Africa (1.9K tons) ranked third in terms of total production with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume in China was relatively modest. In the other countries, the average annual rates were as follows: India (+726.5% per year) and South Africa (+1.4% per year).

Imports

World Imports of Diphosphorus Pentaoxide

In 2022, the amount of diphosphorus pentaoxide imported worldwide soared to 42K tons, jumping by 53% compared with 2021 figures. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +8.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.4% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, diphosphorus pentaoxide imports soared to $109M in 2022. Overall, imports recorded a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports By Country

In 2022, the Netherlands (13K tons), distantly followed by the United States (6.8K tons), Germany (5.7K tons), the UK (3.9K tons), Spain (2.9K tons) and India (2.1K tons) represented the main importers of diphosphorus pentaoxide, together committing 82% of total imports. Italy (1.8K tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Netherlands (with a CAGR of +53.8%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($25M), the United States ($20M) and the UK ($11M) constituted the countries with the highest levels of imports in 2022, with a combined 51% share of global imports. Spain, the Netherlands, India and Italy lagged somewhat behind, together accounting for a further 31%.

In terms of the main importing countries, the Netherlands, with a CAGR of +37.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average diphosphorus pentaoxide import price stood at $2,603 per ton in 2022, surging by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2021 an increase of 20% against the previous year. Global import price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($4,364 per ton), while the Netherlands ($708 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Diphosphorus Pentaoxide

In 2022, shipments abroad of diphosphorus pentaoxide increased by 3.1% to 20K tons, rising for the third year in a row after two years of decline. The total export volume increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when exports increased by 41%. As a result, the exports reached the peak of 20K tons. From 2018 to 2022, the growth of the global exports failed to regain momentum.

In value terms, diphosphorus pentaoxide exports soared to $70M in 2022. Overall, exports saw resilient growth. The growth pace was the most rapid in 2021 with an increase of 68% against the previous year. Over the period under review, the global exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports By Country

In 2022, China (14K tons) was the largest exporter of diphosphorus pentaoxide, mixing up 72% of total exports. India (2.4K tons) took a 12% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (8.2%). The following exporters - Belgium (577 tons) and Germany (400 tons) - together made up 5% of total exports.

From 2012 to 2022, average annual rates of growth with regard to diphosphorus pentaoxide exports from China stood at +2.4%. At the same time, the Netherlands (+36.3%) and India (+27.8%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +36.3% from 2012-2022. By contrast, Belgium (-6.6%) and Germany (-10.5%) illustrated a downward trend over the same period. While the share of India (+11 p.p.) and the Netherlands (+7.7 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of China (-3.6 p.p.), Belgium (-4.8 p.p.) and Germany (-6.3 p.p.) displayed negative dynamics.

In value terms, China ($48M) remains the largest diphosphorus pentaoxide supplier worldwide, comprising 69% of global exports. The second position in the ranking was taken by India ($11M), with a 16% share of global exports. It was followed by the Netherlands, with a 6% share.

In China, diphosphorus pentaoxide exports increased at an average annual rate of +9.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+36.8% per year) and the Netherlands (+50.0% per year).

Export Prices By Country

The average diphosphorus pentaoxide export price stood at $3,577 per ton in 2022, growing by 33% against the previous year. Over the period under review, the export price recorded a strong expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 46% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($4,812 per ton), while the Netherlands ($2,635 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform