Egypt: Sodium Triphosphate Market 2024

Sodium Triphosphate Market Size in Egypt

In 2021, the Egyptian sodium triphosphate market increased by 2.2% to $X, rising for the second year in a row after three years of decline. In general, consumption continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2016 when the market value increased by 7.3% against the previous year. Sodium triphosphate consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Sodium Triphosphate Exports

Exports from Egypt

Sodium triphosphate exports from Egypt declined dramatically to X tons in 2021, reducing by -83.5% on the year before. In general, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2016 when exports increased by 189% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, sodium triphosphate exports fell notably to $X in 2021. Over the period under review, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 153%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Sudan (X tons) was the main destination for sodium triphosphate exports from Egypt, accounting for a 84% share of total exports. Moreover, sodium triphosphate exports to Sudan exceeded the volume sent to the second major destination, Turkey (X kg), more than tenfold. Yemen (X kg) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume to Sudan totaled +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-34.8% per year) and Yemen (-36.6% per year).

In value terms, Sudan ($X) remains the key foreign market for sodium triphosphate exports from Egypt, comprising 77% of total exports. The second position in the ranking was held by Turkey ($X), with a 14% share of total exports. It was followed by Belgium, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value to Sudan stood at +34.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-19.5% per year) and Belgium (0.0% per year).

Export Prices by Country

The average sodium triphosphate export price stood at $X per ton in 2021, jumping by 35% against the previous year. Overall, the export price showed a buoyant expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 75%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Belgium ($X per ton), while the average price for exports to Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+23.6%), while the prices for the other major destinations experienced mixed trend patterns.

Sodium Triphosphate Imports

Imports into Egypt

In 2021, supplies from abroad of sodium triphosphate (sodium tripolyphosphates) decreased by -4.4% to X tons, falling for the fifth consecutive year after two years of growth. Overall, imports recorded a deep downturn. The pace of growth was the most pronounced in 2016 when imports increased by 17%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, sodium triphosphate imports amounted to $X in 2021. In general, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 18%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Tunisia (X tons), Russia (X tons) and China (X tons) were the main suppliers of sodium triphosphate imports to Egypt, together accounting for 82% of total imports. These countries were followed by Kazakhstan, France, Belarus and Spain, which together accounted for a further 12%.

From 2012 to 2021, the biggest increases were in Spain (with a CAGR of +22.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sodium triphosphate suppliers to Egypt were Tunisia ($X), Russia ($X) and China ($X), with a combined 82% share of total imports. Kazakhstan, Belarus, Spain and France lagged somewhat behind, together comprising a further 11%.

Spain, with a CAGR of +21.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sodium triphosphate import price stood at $X per ton in 2021, increasing by 9.3% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 46% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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