Australia: Sodium Phosphates Market 2024

Sodium Phosphates Market Size in Australia

In 2021, the Australian sodium phosphates market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -17.9% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Sodium Phosphates Exports

Exports from Australia

In 2021, overseas shipments of phosphates of mono- or di-sodium decreased by -44.2% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a precipitous decline. The growth pace was the most rapid in 2018 with an increase of 76% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, sodium phosphates exports declined significantly to $X in 2021. In general, exports saw a deep downturn. The pace of growth appeared the most rapid in 2019 with an increase of 157% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Philippines (X tons) was the main destination for sodium phosphates exports from Australia, accounting for a 62% share of total exports. Moreover, sodium phosphates exports to the Philippines exceeded the volume sent to the second major destination, New Zealand (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Philippines stood at +24.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (-12.5% per year) and Papua New Guinea (+62.9% per year).

In value terms, the largest markets for sodium phosphates exported from Australia were the Philippines ($X), New Zealand ($X) and Papua New Guinea ($X), with a combined 98% share of total exports.

In terms of the main countries of destination, Papua New Guinea, with a CAGR of +53.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average sodium phosphates export price stood at $X per ton in 2021, rising by 8.4% against the previous year. Over the period under review, the export price posted strong growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 156% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+32.1%), while the prices for the other major destinations experienced more modest paces of growth.

Sodium Phosphates Imports

Imports into Australia

For the third year in a row, Australia recorded decline in supplies from abroad of phosphates of mono- or di-sodium, which decreased by -8.4% to X tons in 2021. In general, total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -28.1% against 2018 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 108% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, sodium phosphates imports rose notably to $X in 2021. Overall, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -14.6% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 75% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of sodium phosphates to Australia, with a 61% share of total imports. Moreover, sodium phosphates imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-11.8% per year) and the United States (-4.0% per year).

In value terms, China ($X), Thailand ($X) and Germany ($X) constituted the largest sodium phosphates suppliers to Australia, with a combined 92% share of total imports.

China, with a CAGR of +10.1%, saw 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.

Import Prices by Country

The average sodium phosphates import price stood at $X per ton in 2021, rising by 19% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the average import price increased by 32%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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