CIS: Sodium Phosphates Market 2024

Sodium Phosphates Market Size in CIS

For the fourth consecutive year, the CIS sodium phosphates market recorded growth in sales value, which increased by 7.4% to $X in 2021. Over the period under review, consumption enjoyed a strong increase. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Sodium Phosphates Production in CIS

In value terms, sodium phosphates production declined modestly to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 36%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Sodium Phosphates Exports

Exports in CIS

In 2021, sodium phosphates exports in the CIS shrank sharply to X tons, with a decrease of -19.6% against the previous year. Over the period under review, exports showed a pronounced contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 216%. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, sodium phosphates exports shrank rapidly to $X in 2021. Overall, exports showed a abrupt slump. The growth pace was the most rapid in 2017 when exports increased by 263% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X tons) represented roughly 99% of total exports in 2021.

Russia experienced a relatively flat trend pattern with regard to volume of exports of phosphates of mono- or di-sodium. While the share of Russia (+14 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest sodium phosphates supplier in the CIS.

In Russia, sodium phosphates exports shrank by an average annual rate of -5.0% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, declining by -4.6% against the previous year. In general, the export price recorded a noticeable contraction. The pace of growth appeared the most rapid in 2016 when the export price increased by 45%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to -4.6% per year.

Sodium Phosphates Imports

Imports in CIS

In 2021, the amount of phosphates of mono- or di-sodium imported in the CIS expanded modestly to X tons, with an increase of 3.9% on the previous year's figure. Overall, imports saw a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by 143%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, sodium phosphates imports reached $X in 2021. In general, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 126%. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

Imports by Country

Russia prevails in imports structure, accounting for X tons, which was near 80% of total imports in 2021. Belarus (X tons) ranks second in terms of the total imports with an 8.5% share, followed by Kyrgyzstan (7.3%). Kazakhstan (X tons) followed a long way behind the leaders.

Russia was also the fastest-growing in terms of the phosphates of mono- or di-sodium imports, with a CAGR of +12.0% from 2012 to 2021. Kyrgyzstan (-2.3%), Kazakhstan (-3.9%) and Belarus (-4.5%) illustrated a downward trend over the same period. Russia (+28 p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan, Kyrgyzstan and Belarus saw its share reduced by -3.6%, -8.9% and -14.4% from 2012 to 2021, respectively.

In value terms, Russia ($X) constitutes the largest market for imported phosphates of mono- or di-sodium in the CIS, comprising 78% of total imports. The second position in the ranking was held by Belarus ($X), with a 10% share of total imports. It was followed by Kazakhstan, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia amounted to +16.8%. In the other countries, the average annual rates were as follows: Belarus (-2.8% per year) and Kazakhstan (+4.8% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, rising by 3.5% against the previous year. Import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sodium phosphates import price decreased by -6.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by 27% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+9.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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