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China - Sodium Triphosphate (Sodium Tripolyphosphates) - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

China - Sodium Triphosphate (Sodium Tripolyphosphates) - Market Analysis, Forecast, Size, Trends And Insights

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Jan 10, 2023

China's Sodium Triphosphate Exports Plummets to 15K Tons in September 2022

China Sodium Triphosphate Exports

After two months of growth, overseas shipments of sodium triphosphate (sodium tripolyphosphates) decreased by -28.2% to 15K tons in September 2022. In general, exports saw a mild contraction. The most prominent rate of growth was recorded in May 2022 when exports increased by 16% month-to-month. As a result, the exports attained the peak of 21K tons. From June 2022 to September 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sodium triphosphate exports dropped significantly to $20M (IndexBox estimates) in September 2022. Overall, exports saw a slight setback. The pace of growth appeared the most rapid in May 2022 when exports increased by 21% against the previous month. As a result, the exports attained the peak of $30M. From June 2022 to September 2022, the growth of the exports remained at a lower figure.

Exports by Country

Yemen (1.7K tons), Brazil (1.7K tons) and Indonesia (1.5K tons) were the main destinations of sodium triphosphate exports from China, together accounting for 33% of total exports. Mexico, the Philippines, Vietnam, Peru, Pakistan, the United States, Taiwan (Chinese), Argentina, Tanzania and Australia lagged somewhat behind, together accounting for a further 33%.

From January 2022 to September 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Peru (with a CAGR of +84.1%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($2.7M), Yemen ($1.8M) and Indonesia ($1.7M) were the largest markets for sodium triphosphate exported from China worldwide, together comprising 30% of total exports. Mexico, the Philippines, Pakistan, Vietnam, Argentina, Peru, the United States, Australia, Taiwan (Chinese) and Tanzania lagged somewhat behind, together comprising a further 33%.

Peru, with a CAGR of +65.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In September 2022, the sodium triphosphate price stood at $1,397 per ton (FOB, China), almost unchanged from the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2022 when the average export price increased by 5% m-o-m. As a result, the export price reached the peak level of $1,499 per ton. From July 2022 to September 2022, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Pakistan ($2,395 per ton), while the average price for exports to Tanzania ($941 per ton) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Factors Affecting Sodium Triphosphate Prices

Sodium Triphosphate (STP) is a white powder that is used as a preservative, emulsifier, and buffering agent in food production. It is also used in detergents, soaps, and paints. STP is produced by the reaction of phosphoric acid and sodium hydroxide.

The price of STP in China has been stable for the past few years, but there are several factors that could impact the price in the future. The first factor is the cost of raw materials. Phosphoric acid and sodium hydroxide are both necessary to produce STP, and their prices can fluctuate based on global markets.

The second factor is production capacity. If there is an increase in demand for STP, manufacturers may need to expand their production facilities to meet the demand.

The third factor is government regulation. The Chinese government has strict regulations on the use of chemicals in food production, and this could impact the price of STP if there are changes to these regulations.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the sodium triphosphate market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20134270 - Sodium triphosphate (sodium tripolyphosphates)

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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