France: Sodium Triphosphate Market 2024

Sodium Triphosphate Market Size in France

The French sodium triphosphate market rose remarkably to $X in 2022, surging by 8.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a deep contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Sodium Triphosphate Exports

Exports from France

In 2022, the amount of sodium triphosphate (sodium tripolyphosphates) exported from France fell to X tons, waning by -6.8% on the previous year's figure. In general, exports saw a abrupt decrease. The exports peaked at X tons in 2021, and then shrank in the following year.

In value terms, sodium triphosphate exports fell sharply to $X in 2022. Overall, exports recorded a drastic downturn. The exports peaked at $X in 2021, and then declined remarkably in the following year.

Exports by Country

Australia (X tons) was the main destination for sodium triphosphate exports from France, accounting for a 53% share of total exports. Moreover, sodium triphosphate exports to Australia exceeded the volume sent to the second major destination, Italy (X tons), fourfold. Tunisia (X tons) ranked third in terms of total exports with an 11% share.

From 2021 to 2022, the average annual rate of growth in terms of volume to Australia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+40.6% per year) and Tunisia (+344.8% per year).

In value terms, Australia ($X), Tunisia ($X) and Italy ($X) were the largest markets for sodium triphosphate exported from France worldwide, with a combined 78% share of total exports. Germany, Belgium, the UK, Poland, Algeria, Spain, Portugal, Austria, Finland and Switzerland lagged somewhat behind, together comprising a further 13%.

In terms of the main countries of destination, the UK, with a CAGR of +932.0%, 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

In 2022, the average sodium triphosphate export price amounted to $X per ton, shrinking by -10% against the previous year. In general, the export price showed a deep reduction. The export price peaked at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Algeria ($X per ton) was amongst the lowest.

From 2021 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+129.7%), while the prices for the other major destinations experienced more modest paces of growth.

Sodium Triphosphate Imports

Imports into France

In 2022, the amount of sodium triphosphate (sodium tripolyphosphates) imported into France fell markedly to X tons, shrinking by -15.9% against the previous year's figure. Over the period under review, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2018 when imports increased by 13% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, sodium triphosphate imports surged to $X in 2022. In general, imports saw a abrupt setback. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Belgium (X tons) constituted the largest sodium triphosphate supplier to France, accounting for a 82% share of total imports. Moreover, sodium triphosphate imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), ninefold. The Netherlands (X tons) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium stood at -15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.6% per year) and the Netherlands (-20.0% per year).

In value terms, Belgium ($X) constituted the largest supplier of sodium triphosphate (sodium tripolyphosphates) to France, comprising 79% of total imports. The second position in the ranking was held by Germany ($X), with a 12% share of total imports. It was followed by China, with a 3% share.

From 2012 to 2022, the average annual growth rate of value from Belgium amounted to -10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.6% per year) and China (+31.7% per year).

Import Prices by Country

The average sodium triphosphate import price stood at $X per ton in 2022, jumping by 51% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.5% 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 +85.8% against 2018 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 supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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