Belgium: Sodium Triphosphate Market 2024

Sodium Triphosphate Market Size in Belgium

After two years of growth, the Belgian sodium triphosphate market decreased by -12.1% to $X in 2021. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Sodium Triphosphate Production in Belgium

In value terms, sodium triphosphate production shrank slightly to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 2.9% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Sodium Triphosphate Exports

Exports from Belgium

After two years of decline, shipments abroad of sodium triphosphate (sodium tripolyphosphates) increased by 14% to X tons in 2021. In general, exports, however, continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2013 when exports increased by 21%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, sodium triphosphate exports soared to $X in 2021. Overall, exports, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2013 when exports increased by 26% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons), Germany (X tons) and France (X tons) were the main destinations of sodium triphosphate exports from Belgium, together accounting for 36% of total exports. These countries were followed by Spain, the Netherlands, the UK, Denmark, Brazil, Morocco, Poland, Italy, India and Mexico, which together accounted for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +18.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sodium triphosphate exported from Belgium were the United States ($X), Germany ($X) and France ($X), together accounting for 37% of total exports. Spain, the Netherlands, the UK, Denmark, Brazil, Poland, Italy, India, Mexico and Morocco lagged somewhat behind, together accounting for a further 40%.

Among the main countries of destination, Mexico, with a CAGR of +19.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sodium triphosphate export price stood at $X per ton in 2021, increasing by 6.9% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2014; afterwards, it flattened through to 2021.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Mexico ($X per ton), while the average price for exports to Morocco ($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 the Netherlands (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Sodium Triphosphate Imports

Imports into Belgium

In 2021, approx. X tons of sodium triphosphate (sodium tripolyphosphates) were imported into Belgium; waning by -11.5% against 2020. Over the period under review, imports saw a drastic downturn. The pace of growth was the most pronounced in 2013 when imports increased by 571%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, sodium triphosphate imports contracted slightly to $X in 2021. Overall, imports showed a deep reduction. The growth pace was the most rapid in 2013 with an increase of 493%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), China (X tons) and Russia (X tons) were the main suppliers of sodium triphosphate imports to Belgium, with a combined 77% share of total imports. These countries were followed by Greece, the Czech Republic, Germany, Tunisia, Slovenia and France, which together accounted for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of +39.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), China ($X) and Russia ($X) were the largest sodium triphosphate suppliers to Belgium, together comprising 72% of total imports. These countries were followed by Greece, Germany, the Czech Republic, France, Slovenia and Tunisia, which together accounted for a further 23%.

Greece, with a CAGR of +42.9%, 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.

Import Prices by Country

The average sodium triphosphate import price stood at $X per ton in 2021, rising by 8.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2018 when the average import price increased by 18% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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