EU: Sodium Triphosphate Market 2024

Sodium Triphosphate Market Size in the EU

The EU sodium triphosphate market skyrocketed to $X in 2022, surging by 26% against the previous year. Overall, consumption, however, saw a slight shrinkage. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Sodium Triphosphate Production in the EU

In value terms, sodium triphosphate production totaled $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by 2.6%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Sodium Triphosphate Exports

Exports in the EU

In 2022, approx. X tons of sodium triphosphate (sodium tripolyphosphates) were exported in the European Union; waning by -6% compared with the previous year. Over the period under review, exports recorded a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by 15% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, sodium triphosphate exports skyrocketed to $X in 2022. Overall, exports saw a slight contraction. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium represented the key exporter of sodium triphosphate (sodium tripolyphosphates) in the European Union, with the volume of exports amounting to X tons, which was approx. 63% of total exports in 2022. The Czech Republic (X tons) ranks second in terms of the total exports with an 11% share, followed by the Netherlands (7.9%), Germany (5.8%) and Poland (5.8%). The following exporters - Slovenia (X tons) and Spain (X tons) - each accounted for a 3.4% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sodium triphosphate exports from Belgium stood at -4.2%. At the same time, the Czech Republic (+8.6%), Spain (+8.0%) and the Netherlands (+5.0%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +8.6% from 2012-2022. By contrast, Slovenia (-5.4%), Germany (-13.4%) and Poland (-17.2%) illustrated a downward trend over the same period. The Czech Republic (+8.4 p.p.), Belgium (+8.4 p.p.) and the Netherlands (+5.2 p.p.) significantly strengthened its position in terms of the total exports, while Germany and Poland saw its share reduced by -8.1% and -15.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest sodium triphosphate supplier in the European Union, comprising 61% of total exports. The second position in the ranking was held by the Czech Republic ($X), with an 11% share of total exports. It was followed by the Netherlands, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value in Belgium was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (+13.9% per year) and the Netherlands (+8.8% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, surging by 49% against the previous year. Export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% 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 +73.7% against 2015 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Slovenia ($X per ton) and Germany ($X per ton), while Belgium ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+7.6%), while the other leaders experienced more modest paces of growth.

Sodium Triphosphate Imports

Imports in the EU

In 2022, purchases abroad of sodium triphosphate (sodium tripolyphosphates) increased by 14% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, recorded a deep reduction. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, sodium triphosphate imports soared to $X in 2022. Over the period under review, imports, however, showed a deep downturn. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the ten major importers of sodium triphosphate (sodium tripolyphosphates), namely the Netherlands, Germany, Spain, Poland, Italy, France, Austria, Latvia, the Czech Republic and Belgium, represented more than two-thirds of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Latvia (with a CAGR of +38.2%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest sodium triphosphate importing markets in the European Union were the Netherlands ($X), Germany ($X) and Spain ($X), together accounting for 50% of total imports. Italy, France, Poland, Austria, the Czech Republic, Belgium and Latvia lagged somewhat behind, together accounting for a further 38%.

Latvia, with a CAGR of +35.7%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, rising by 41% against the previous year. Import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.5% 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 +72.9% against 2016 indices. 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 2022, amid the top importers, the country with the highest price was France ($X per ton), while Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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