Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Myanmar - 2023

Contents:

1. Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Myanmar (CIF) - 2022
2. Imports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Myanmar

Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Myanmar (CIF) - 2022

The average import price for diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses stood at $916 per ton in 2022, reducing by -26.8% against the previous year. Over the period under review, the import price saw a pronounced reduction. The pace of growth appeared the most rapid in 2021 an increase of 159%. As a result, import price reached the peak level of $1,252 per ton, and then shrank rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($971 per ton), while the price for South Korea ($460 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+2.4%), while the prices for the other major suppliers experienced a decline.

Imports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Myanmar

In 2022, the amount of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses imported into Myanmar skyrocketed to 1.8K tons, rising by 16% on the previous year's figure. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +14.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.4% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 68% against the previous year. As a result, imports attained the peak of 2K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses declined rapidly to $1.7M in 2022. Overall, imports posted buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 101%. As a result, imports reached the peak of $2M, and then fell markedly in the following year.

Top Suppliers of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids to Myanmar in 2022:

1. China (1269.1 tons)
2. Vietnam (378.0 tons)
3. South Korea (159.7 tons)

Source: IndexBox Market Intelligence Platform