EU: Sodium Phosphates Market 2024

Sodium Phosphates Market Size in the EU

The EU sodium phosphates market skyrocketed to $X in 2021, with an increase of 29% against the previous year. The market value increased at an average annual rate of +5.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the immediate term.

Sodium Phosphates Production in the EU

In value terms, sodium phosphates production reduced modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 16% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then dropped slightly in the following year.

Sodium Phosphates Exports

Exports in the EU

In 2021, overseas shipments of phosphates of mono- or di-sodium decreased by -34.3% to X tons, falling for the second year in a row after four years of growth. In general, exports saw a perceptible contraction. The growth pace was the most rapid in 2017 when exports increased by 25% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, sodium phosphates exports fell to $X in 2021. The total export value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 19%. Over the period under review, the exports reached the maximum at $X in 2020, and then dropped slightly in the following year.

Exports by Country

Germany represented the main exporting country with an export of around X tons, which resulted at 56% of total exports. France (X tons) held the second position in the ranking, distantly followed by the Netherlands (X tons). All these countries together took near 30% share of total exports. The following exporters - Slovenia (X tons), Spain (X tons), Belgium (X tons) and Italy (X tons) - together made up 9.7% of total exports.

Germany experienced a relatively flat trend pattern with regard to volume of exports of phosphates of mono- or di-sodium. At the same time, Slovenia (+16.4%) and Spain (+7.6%) displayed positive paces of growth. Moreover, Slovenia emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +16.4% from 2012-2021. Belgium experienced a relatively flat trend pattern. By contrast, the Netherlands (-2.8%), France (-2.9%) and Italy (-5.6%) illustrated a downward trend over the same period. Germany (+11 p.p.) and Slovenia (+2.8 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest sodium phosphates supplier in the European Union, comprising 70% of total exports. The second position in the ranking was taken by France ($X), with a 15% share of total exports. It was followed by Belgium, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value in Germany amounted to +4.9%. The remaining exporting countries recorded the following average annual rates of exports growth: France (-2.3% per year) and Belgium (+7.2% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, increasing by 51% against the previous year. Export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sodium phosphates export price increased by +65.4% against 2019 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 origin: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+7.0%), while the other leaders experienced more modest paces of growth.

Sodium Phosphates Imports

Imports in the EU

In 2021, after four years of growth, there was significant decline in supplies from abroad of phosphates of mono- or di-sodium, when their volume decreased by -18.7% to X tons. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 24%. The volume of import peaked at X tons in 2020, and then dropped markedly in the following year.

In value terms, sodium phosphates imports stood at $X in 2021. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 13% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

In 2021, Poland (X tons), the Netherlands (X tons), Denmark (X tons), Germany (X tons), Italy (X tons), Ireland (X tons), Spain (X tons), Belgium (X tons) and France (X tons) was the key importer of phosphates of mono- or di-sodium in the European Union, making up 89% of total import. The Czech Republic (X tons) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Ireland (with a CAGR of +12.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sodium phosphates importing markets in the European Union were Ireland ($X), the Netherlands ($X) and Denmark ($X), with a combined 37% share of total imports.

Among the main importing countries, Ireland, with a CAGR of +14.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, increasing by 36% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Ireland ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+4.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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