Report Update Nov 1, 2024

Colombia - Sodium Triphosphate (Sodium Tripolyphosphates) - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Sodium Triphosphate Market 2024

Sodium Triphosphate Market Size in Colombia

After three years of growth, the Colombian sodium triphosphate market decreased by -7.9% to $X in 2022. Over the period under review, consumption, however, recorded a deep reduction. Sodium triphosphate consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Sodium Triphosphate Exports

Exports from Colombia

In 2022, approx. X tons of sodium triphosphate (sodium tripolyphosphates) were exported from Colombia; waning by -35.6% on the year before. In general, exports, however, showed a measured expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 248%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, sodium triphosphate exports fell markedly to $X in 2022. Overall, exports, however, enjoyed a measured expansion. The pace of growth was the most pronounced in 2021 when exports increased by 258% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Ecuador (X tons) was the main destination for sodium triphosphate exports from Colombia, accounting for a 92% share of total exports. Moreover, sodium triphosphate exports to Ecuador exceeded the volume sent to the second major destination, Costa Rica (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Ecuador stood at +58.0%.

In value terms, Ecuador ($X) remains the key foreign market for sodium triphosphate (sodium tripolyphosphates) exports from Colombia, comprising 96% of total exports. The second position in the ranking was taken by Costa Rica ($X), with a 3.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Ecuador amounted to +56.6%.

Export Prices by Country

The average sodium triphosphate export price stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 5.4% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Costa Rica totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+4.1%), while the prices for the other major destinations experienced a decline.

Sodium Triphosphate Imports

Imports into Colombia

In 2022, sodium triphosphate imports into Colombia rose rapidly to X tons, picking up by 5.5% on the previous year's figure. Overall, imports, however, saw a deep slump. The most prominent rate of growth was recorded in 2017 when imports increased by 118% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sodium triphosphate imports fell to $X in 2022. In general, imports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2017 with an increase of 90%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest sodium triphosphate supplier to Colombia, with a 50% share of total imports. Moreover, sodium triphosphate imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was taken by Canada (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+4.5% per year) and Canada (+9.4% per year).

In value terms, China ($X) constituted the largest supplier of sodium triphosphate (sodium tripolyphosphates) to Colombia, comprising 51% of total imports. The second position in the ranking was taken by Belgium ($X), with a 22% share of total imports. It was followed by Canada, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to -4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+1.4% per year) and Canada (+6.8% per year).

Import Prices by Country

In 2022, the average sodium triphosphate import price amounted to $X per ton, shrinking by -16.4% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 45% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sodium triphosphate (sodium tripolyphosphates) in the world?

China remains the largest sodium triphosphate consuming country worldwide, comprising approx. 38% of total volume. Moreover, sodium triphosphate consumption in China exceeded the figures recorded by the second-largest consumer, Tunisia, fourfold. The third position in this ranking was occupied by Kazakhstan, with a 6.2% share.

What are the largest producers of sodium triphosphate (sodium tripolyphosphates) in the world?

China constituted the country with the largest volume of sodium triphosphate production, comprising approx. 52% of total volume. Moreover, sodium triphosphate production in China exceeded the figures recorded by the second-largest producer, Tunisia, fourfold. Belgium ranked third in terms of total production with a 9.8% share.

What are the leading suppliers of sodium triphosphate (sodium tripolyphosphates) to Colombia?

In value terms, China constituted the largest supplier of sodium triphosphate to Colombia, comprising 51% of total imports. The second position in the ranking was occupied by Canada, with a 20% share of total imports. It was followed by Belgium, with an 18% share.

What are the leading importers of sodium triphosphate (sodium tripolyphosphates) from Colombia?

In value terms, the largest markets for sodium triphosphate exported from Colombia were Ecuador, Mexico and Costa Rica $459).

What is the average export price for sodium triphosphate (sodium tripolyphosphates) in Colombia?

The average sodium triphosphate export price stood at $2,174 per ton in 2021, flattening at the previous year.

What is the average import price for sodium triphosphate (sodium tripolyphosphates) in Colombia?

In 2021, the average sodium triphosphate import price amounted to $1,045 per ton, dropping by -10.7% against the previous year.

This report provides an in-depth analysis of the sodium triphosphate market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20134270 - Sodium triphosphate (sodium tripolyphosphates)

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023