Eastern Europe: Sodium Triphosphate Market 2024

Sodium Triphosphate Market Size in Eastern Europe

The East European sodium triphosphate market soared to $X in 2022, jumping by 22% against the previous year. Overall, consumption, however, showed a noticeable curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sodium Triphosphate Production in Eastern Europe

In value terms, sodium triphosphate production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by 6.7% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Sodium Triphosphate Exports

Exports in Eastern Europe

In 2022, the amount of sodium triphosphate (sodium tripolyphosphates) exported in Eastern Europe dropped modestly to X tons, approximately reflecting the previous year's figure. Over the period under review, exports showed a pronounced decrease. The growth pace was the most rapid in 2018 with an increase of 34% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, sodium triphosphate exports amounted to $X in 2022. Overall, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 41% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Russia was the main exporting country with an export of around X tons, which recorded 82% of total exports. It was distantly followed by the Czech Republic (X tons) and Poland (X tons), together achieving a 16% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sodium triphosphate exports from Russia stood at -2.9%. At the same time, the Czech Republic (+8.6%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +8.6% from 2012-2022. By contrast, Poland (-17.2%) illustrated a downward trend over the same period. Russia (+11 p.p.) and the Czech Republic (+7.7 p.p.) significantly strengthened its position in terms of the total exports, while Poland saw its share reduced by -18.3% from 2012 to 2022, respectively.

In value terms, Russia ($X) remains the largest sodium triphosphate supplier in Eastern Europe, comprising 58% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 25% share of total exports.

In Russia, sodium triphosphate exports contracted by an average annual rate of -6.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (+13.9% per year) and Poland (-11.8% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, increasing by 12% against the previous year. Over the period under review, the export price, however, showed a slight decrease. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.5%), while the other leaders experienced mixed trends in the export price figures.

Sodium Triphosphate Imports

Imports in Eastern Europe

In 2022, purchases abroad of sodium triphosphate (sodium tripolyphosphates) increased by 20% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, saw a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by 33% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, sodium triphosphate imports surged to $X in 2022. In general, imports, however, recorded a abrupt downturn. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia (X tons) and Poland (X tons) were the major importers of sodium triphosphate (sodium tripolyphosphates) in 2022, reaching approx. 35% and 27% of total imports, respectively. Latvia (X tons) took the next position in the ranking, followed by the Czech Republic (X tons) and Ukraine (X tons). All these countries together took approx. 24% share of total imports. Belarus (X tons) and Hungary (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +38.2%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Poland ($X), Russia ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 61% of total imports. Ukraine, Latvia, Hungary and Belarus lagged somewhat behind, together comprising a further 26%.

Latvia, with a CAGR of +35.7%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, jumping by 21% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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