Czech Republic: Sodium Triphosphate Market 2024

Sodium Triphosphate Market Size in the Czech Republic

In 2022, the Czech sodium triphosphate market decreased by -98.4% to $X, falling for the second consecutive year after three years of growth. In general, consumption saw a significant decline. Sodium triphosphate consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Sodium Triphosphate Production in the Czech Republic

In value terms, sodium triphosphate production totaled $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 4.8%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Sodium Triphosphate Exports

Exports from the Czech Republic

In 2022, shipments abroad of sodium triphosphate (sodium tripolyphosphates) increased by 15% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +8.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +32.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 35% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, sodium triphosphate exports skyrocketed to $X in 2022. In general, exports posted resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons), Germany (X tons) and Austria (X tons) were the main destinations of sodium triphosphate exports from the Czech Republic, with a combined 61% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +79.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Canada ($X) and Austria ($X) appeared to be the largest markets for sodium triphosphate exported from the Czech Republic worldwide, with a combined 64% share of total exports.

Among the main countries of destination, Canada, with a CAGR of +85.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sodium triphosphate export price stood at $X per ton in 2022, growing by 47% against the previous year. Overall, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sodium triphosphate export price increased by +80.7% against 2015 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to the Netherlands ($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 Austria (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Sodium Triphosphate Imports

Imports into the Czech Republic

In 2022, imports of sodium triphosphate (sodium tripolyphosphates) into the Czech Republic dropped significantly to X tons, with a decrease of -28.9% against the year before. Overall, imports, however, showed a moderate increase. The most prominent rate of growth was recorded in 2014 with an increase of 55%. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, sodium triphosphate imports rose remarkably to $X in 2022. Over the period under review, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2018 when imports increased by 54%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of sodium triphosphate to the Czech Republic, accounting for a 48% share of total imports. Moreover, sodium triphosphate imports from Belgium exceeded the figures recorded by the second-largest supplier, Kazakhstan (X tons), twofold. Russia (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium stood at +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (+49.7% per year) and Russia (-0.6% per year).

In value terms, Belgium ($X) constituted the largest supplier of sodium triphosphate (sodium tripolyphosphates) to the Czech Republic, comprising 55% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 15% share of total imports. It was followed by Germany, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Belgium amounted to +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (+54.0% per year) and Germany (+21.1% per year).

Import Prices by Country

In 2022, the average sodium triphosphate import price amounted to $X per ton, jumping by 48% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% 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 +103.5% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Slovenia ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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