Yellow phosphorus is a highly reactive, nonmetallic element in several allotropic forms, the most common being white (or yellow) phosphorus. This form is typically stored under water or in inert gases to prevent it from igniting spontaneously in the air. In the Yellow Phosphorus prices a variety of factors are at play, influencing the market dynamics significantly. Throughout the fourth quarter of 2023, the market exhibited mixed trend, primarily driven by the interplay between demand fluctuations and supply chain stability. Initially, there was a notable decline in prices in the North American market, attributed largely to a slowdown in demand from key downstream industries, which led to an accumulation of inventories. The demand increased, particularly in North America, led to a marginal price increase for yellow phosphorus.
The global yellow phosphorus market size reached US$ 4.2 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 5.7 Billion, at a projected CAGR of 3.60% during 2023-2032. During the last quarter of 2023, the Yellow Phosphorus market was impelled by a multitude of factors, leading to varied price trend across different regions. In North America, the market sentiments were initially dampened by reduced demand and an increase in inventory levels. Moreover, the growing market witnessed a turnaround with an increase in demand from the fertilizer industry, driven by steady purchasing patterns and an optimistic market outlook. In the Asia-Pacific (APAC) region, the market experienced a growing trend, the rise in prices was primarily due to higher import costs and the augmenting demand from various end-use industries, including fertilizers, fireworks, and rodenticides.
This was particularly evident in Japan, where yellow phosphorus prices saw a notable increase, influenced by the appreciation of the Japanese Yen and heightened procurement activities in anticipation of the sowing season. In Europe, the Yellow Phosphorus market presented a mixed picture, characterized by strong demand from the fertilizer industry juxtaposed with a drop in manufacturing production. The region witnessed a fluctuating market, with price increases in certain areas like Belgium, driven by heightened demand and improved market inquiries. However, the overall market sentiment was strengthened by high product inventories, reduced consumer inquiries, and the resultant destocking activities, particularly towards the end of the quarter.
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