CIS: Sodium Triphosphate Market 2024

Sodium Triphosphate Market Size in CIS

In 2021, the CIS sodium triphosphate market decreased by -3.5% to $X for the first time since 2018, thus ending a two-year rising trend. The total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +12.8% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Sodium Triphosphate Production in CIS

In value terms, sodium triphosphate production declined to $X in 2021 estimated in export price. Over the period under review, production saw a pronounced decrease. The most prominent rate of growth was recorded in 2018 when the production volume increased by 3.8%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Sodium Triphosphate Exports

Exports in CIS

In 2021, shipments abroad of sodium triphosphate (sodium tripolyphosphates) increased by 2.7% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, saw a deep contraction. The pace of growth appeared the most rapid in 2018 when exports increased by 54% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, sodium triphosphate exports expanded remarkably to $X in 2021. In general, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 72% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia was the main exporting country with an export of about X tons, which accounted for 79% of total exports. It was distantly followed by Kazakhstan (X tons), achieving a 21% share of total exports.

Russia was also the fastest-growing in terms of the sodium triphosphate (sodium tripolyphosphates) exports, with a CAGR of -3.1% from 2012 to 2021. Kazakhstan (-11.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Russia increased by +17 percentage points.

In value terms, Russia ($X) remains the largest sodium triphosphate supplier in the CIS, comprising 73% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 26% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia totaled -7.1%.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, rising by 9.6% against the previous year. Over the period under review, the export price, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2018 an increase of 11%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Kazakhstan ($X per ton), while Russia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (-2.0%).

Sodium Triphosphate Imports

Imports in CIS

For the third year in a row, the CIS recorded decline in overseas purchases of sodium triphosphate (sodium tripolyphosphates), which decreased by -4.8% to X tons in 2021. Overall, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2018 when imports increased by 47% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, sodium triphosphate imports rose sharply to $X in 2021. In general, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 26% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Russia represented the major importing country with an import of about X tons, which accounted for 75% of total imports. Uzbekistan (X tons) took the second position in the ranking, followed by Belarus (X tons). All these countries together held near 19% share of total imports. Azerbaijan (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to sodium triphosphate imports into Russia stood at -11.3%. At the same time, Azerbaijan (+21.2%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +21.2% from 2012-2021. By contrast, Uzbekistan (-1.5%) and Belarus (-7.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Uzbekistan and Azerbaijan increased by +11 and +2.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported sodium triphosphate (sodium tripolyphosphates) in the CIS, comprising 70% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 16% share of total imports. It was followed by Belarus, with a 7.9% share.

In Russia, sodium triphosphate imports contracted by an average annual rate of -13.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+5.3% per year) and Belarus (-9.8% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, picking up by 15% against the previous year. Over the period under review, the import price, however, continues to indicate a slight downturn. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Uzbekistan ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (+10.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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