Central Asia: Sodium Triphosphate Market 2024

Sodium Triphosphate Market Size in Central Asia

The Central Asian sodium triphosphate market soared to $X in 2022, increasing by 21% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +9.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Sodium Triphosphate Production in Central Asia

In value terms, sodium triphosphate production expanded to $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild curtailment. The growth pace was the most rapid in 2020 with an increase of 6.5%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Sodium Triphosphate Exports

Exports in Central Asia

Sodium triphosphate exports declined dramatically to X tons in 2022, with a decrease of -50.1% on the previous year's figure. Overall, exports faced a deep setback. The most prominent rate of growth was recorded in 2018 when exports increased by 110% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sodium triphosphate exports contracted remarkably to $X in 2022. In general, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2018 when exports increased by 101%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Kazakhstan (X tons), together amounting to 99.9% of total export.

Kazakhstan was also the fastest-growing in terms of the sodium triphosphate (sodium tripolyphosphates) exports, with a CAGR of -13.8% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest sodium triphosphate supplier in Central Asia.

In Kazakhstan, sodium triphosphate exports decreased by an average annual rate of -13.0% over the period from 2012-2022.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, picking up by 65% against the previous year. In general, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to +0.9% per year.

Sodium Triphosphate Imports

Imports in Central Asia

Sodium triphosphate imports soared to X tons in 2022, increasing by 26% compared with the previous year's figure. Overall, imports showed a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of 1,192%. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, sodium triphosphate imports soared to $X in 2022. Over the period under review, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 865% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Uzbekistan (X tons) represented the major importer of sodium triphosphate (sodium tripolyphosphates), generating 77% of total imports. Kyrgyzstan (X tons) held the second position in the ranking, followed by Kazakhstan (X tons). All these countries together took near 19% share of total imports. Tajikistan (X tons) took a little share of total imports.

Imports into Uzbekistan increased at an average annual rate of +3.3% from 2012 to 2022. At the same time, Tajikistan (+26.0%) and Kyrgyzstan (+13.6%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +26.0% from 2012-2022. By contrast, Kazakhstan (-15.2%) illustrated a downward trend over the same period. Uzbekistan (+77 p.p.), Kyrgyzstan (+4.3 p.p.) and Tajikistan (+3 p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan saw its share reduced by -68.2% from 2012 to 2022, respectively.

In value terms, Uzbekistan ($X) constitutes the largest market for imported sodium triphosphate (sodium tripolyphosphates) in Central Asia, comprising 81% of total imports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 9.7% share of total imports. It was followed by Kazakhstan, with a 6.7% share.

In Uzbekistan, sodium triphosphate imports expanded at an average annual rate of +7.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kyrgyzstan (+11.1% per year) and Kazakhstan (-10.8% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, which is down by -2.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2021 when the import price increased by 28%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+5.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :