India - Sodium Triphosphate (Sodium Tripolyphosphates) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSodium Triphosphate Price in India Amounts to $1,328 per Ton
India Sodium Triphosphate Import Price in February 2023
In February 2023, the sodium triphosphate price stood at $1,328 per ton (CIF, India), stabilizing at the previous month. Over the period under review, import price indicated a mild increase from February 2022 to February 2023: its price increased at an average monthly rate of +1.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2023 figures, sodium triphosphate import price increased by +3.2% against December 2022 indices. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 71% month-to-month. As a result, import price attained the peak level of $2,508 per ton. From November 2022 to February 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In February 2023, the country with the highest price was Belgium ($2,705 per ton), while the price for Russia ($999 per ton) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Tunisia (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
| COUNTRY | Import Price of Sodium Triphosphate in India (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | |
| Belgium | 1,884 | 1,861 | 2,934 | 2,283 | 2,195 | 2,431 | 2,537 | 3,048 | 2,836 | 2,819 | 2,757 | 3,147 | 2,705 |
| Thailand | 1,890 | 1,371 | 1,461 | 1,816 | 1,459 | 2,096 | 1,660 | 1,960 | 2,429 | 2,157 | 2,041 | 1,700 | 1,727 |
| Tunisia | 1,043 | 1,034 | 1,311 | 1,106 | N/A | N/A | 1,348 | 1,538 | N/A | N/A | 1,503 | 1,514 | 1,513 |
| China | 1,101 | 1,200 | 1,248 | 1,326 | 1,256 | 1,291 | 1,249 | 1,266 | 1,578 | 1,122 | 1,176 | 1,194 | 1,122 |
| Russia | 1,066 | 1,173 | N/A | N/A | N/A | 1,107 | 1,127 | 1,024 | N/A | N/A | 1,026 | N/A | 999 |
| Average | 1,105 | 1,196 | 1,500 | 1,397 | 1,448 | 1,262 | 1,353 | 1,466 | 2,508 | 1,787 | 1,286 | 1,322 | 1,328 |
India Sodium Triphosphate Imports
In February 2023, approximately 3.5K tons of sodium triphosphate (sodium tripolyphosphates) were imported into India; increasing by 159% against the previous month. Over the period under review, imports, however, showed a deep downturn. The pace of growth was the most pronounced in July 2022 with an increase of 282% m-o-m. As a result, imports attained the peak of 8.8K tons. From August 2022 to February 2023, the growth of imports failed to regain momentum.
In value terms, sodium triphosphate imports soared to $4.7M (IndexBox estimates) in February 2023. In general, imports, however, continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in July 2022 with an increase of 233% against the previous month. As a result, imports attained the peak of $11M. From August 2022 to February 2023, the growth of imports remained at a somewhat lower figure.
India Sodium Triphosphate Imports by Country
In February 2023, China (1.9K tons) constituted the largest sodium triphosphate supplier to India, accounting for a 55% share of total imports. Moreover, sodium triphosphate imports from China exceeded the figures recorded by the second-largest supplier, Tunisia (810 tons), twofold. The third position in this ranking was taken by Thailand (432 tons), with a 12% share.
From February 2022 to February 2023, the average monthly rate of growth in terms of volume from China stood at +6.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: Tunisia (-6.4% per month) and Thailand (+3.3% per month).
In value terms, China ($2.2M), Tunisia ($1.2M) and Thailand ($745K) appeared to be the largest sodium triphosphate suppliers to India, together accounting for 89% of total imports. Russia and Belgium lagged somewhat behind, together accounting for a further 9.2%.
Belgium, with a CAGR of +6.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the sodium triphosphate market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
