Benelux: Sodium Triphosphate Market 2024

Sodium Triphosphate Market Size in Benelux

In 2021, the Benelux sodium triphosphate market decreased by -10% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Sodium Triphosphate Production in Benelux

In value terms, sodium triphosphate production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 3.2% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Sodium Triphosphate Exports

Exports in Benelux

In 2021, shipments abroad of sodium triphosphate (sodium tripolyphosphates) increased by 14% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2013 with an increase of 19% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, sodium triphosphate exports skyrocketed to $X in 2021. In general, exports, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2013 when exports increased by 24% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belgium prevails in exports structure, resulting at X tons, which was approx. 93% of total exports in 2021. It was distantly followed by the Netherlands (X tons), creating a 6.6% share of total exports.

Exports from Belgium decreased at an average annual rate of -3.4% from 2012 to 2021. The Netherlands experienced a relatively flat trend pattern. The Netherlands (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -1.9% from 2012 to 2021, respectively.

In value terms, Belgium ($X) remains the largest sodium triphosphate supplier in Benelux, comprising 92% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 7.6% share of total exports.

In Belgium, sodium triphosphate exports declined by an average annual rate of -3.1% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, picking up by 7.5% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.6%).

Sodium Triphosphate Imports

Imports in Benelux

In 2021, approx. X tons of sodium triphosphate (sodium tripolyphosphates) were imported in Benelux; with a decrease of -2.5% against the previous year's figure. In general, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2013 when imports increased by 85% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, sodium triphosphate imports totaled $X in 2021. Over the period under review, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2013 when imports increased by 68%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

The Netherlands represented the key importer of sodium triphosphate (sodium tripolyphosphates) in Benelux, with the volume of imports reaching X tons, which was near 80% of total imports in 2021. It was distantly followed by Belgium (X tons), creating a 20% share of total imports.

The Netherlands was also the fastest-growing in terms of the sodium triphosphate (sodium tripolyphosphates) imports, with a CAGR of -4.9% from 2012 to 2021. Belgium (-8.7%) illustrated a downward trend over the same period. The Netherlands (+35 p.p.) and Belgium (+3.8 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported sodium triphosphate (sodium tripolyphosphates) in Benelux, comprising 81% of total imports. The second position in the ranking was taken by Belgium ($X), with a 19% share of total imports.

In the Netherlands, sodium triphosphate imports decreased by an average annual rate of -4.3% over the period from 2012-2021.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2021, with an increase of 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+1.4%).

Source: IndexBox Platform