Canada: Sodium Triphosphate Market 2024

Sodium Triphosphate Market Size in Canada

The Canadian sodium triphosphate market declined to $X in 2022, waning by -7.9% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Sodium triphosphate consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Sodium Triphosphate Production in Canada

In value terms, sodium triphosphate production reached $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by 6.7%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Sodium Triphosphate Exports

Exports from Canada

In 2022, shipments abroad of sodium triphosphate (sodium tripolyphosphates) increased by 14% to X tons, rising for the second consecutive year after two years of decline. In general, exports continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sodium triphosphate exports soared to $X in 2022. The total export value increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for sodium triphosphate exports from Canada, accounting for a 75% share of total exports. Moreover, sodium triphosphate exports to the United States exceeded the volume sent to the second major destination, China (X tons), eightfold. The third position in this ranking was taken by Colombia (X tons), with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-0.5% per year) and Colombia (+17.5% per year).

In value terms, the United States ($X) remains the key foreign market for sodium triphosphate (sodium tripolyphosphates) exports from Canada, comprising 87% of total exports. The second position in the ranking was held by China ($X), with a 4.6% share of total exports. It was followed by Colombia, with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-3.0% per year) and Colombia (+14.6% per year).

Export Prices by Country

In 2022, the average sodium triphosphate export price amounted to $X per ton, picking up by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.2%), while the prices for the other major destinations experienced a decline.

Sodium Triphosphate Imports

Imports into Canada

In 2022, overseas purchases of sodium triphosphate (sodium tripolyphosphates) increased by 39% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 71% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, sodium triphosphate imports soared to $X in 2022. Overall, imports saw noticeable growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Czech Republic (X tons), China (X tons) and the United States (X tons) were the main suppliers of sodium triphosphate imports to Canada, with a combined 65% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +67.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sodium triphosphate suppliers to Canada were the Czech Republic ($X), China ($X) and the United States ($X), together comprising 69% of total imports.

In terms of the main suppliers, the Czech Republic, with a CAGR of +90.5%, saw the highest rates of growth with regard to the value of imports, 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 2022, increasing by 55% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sodium triphosphate import price increased by +115.3% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 66% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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