Greece: Sodium Triphosphate Market 2024

Sodium Triphosphate Market Size in Greece

The Greek sodium triphosphate market skyrocketed to $X in 2022, growing by 39% 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, the total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +68.6% against 2019 indices. Sodium triphosphate consumption peaked at $X in 2014; afterwards, it flattened through to 2022.

Sodium Triphosphate Exports

Exports from Greece

After three years of growth, overseas shipments of sodium triphosphate (sodium tripolyphosphates) decreased by -14.8% to X tons in 2022. Over the period under review, exports saw a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of 1,095% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, sodium triphosphate exports skyrocketed to $X in 2022. Overall, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by 1,002% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Albania (X tons), the Netherlands (X tons) and North Macedonia (X tons) were the main destinations of sodium triphosphate exports from Greece, with a combined 91% share of total exports. Cyprus and Bulgaria lagged somewhat behind, together accounting for a further 8.9%.

From 2012 to 2022, the biggest increases were recorded for Cyprus (with a CAGR of +45.4%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Albania ($X) remains the key foreign market for sodium triphosphate (sodium tripolyphosphates) exports from Greece, comprising 64% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 19% share of total exports. It was followed by North Macedonia, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Albania amounted to +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (0.0% per year) and North Macedonia (-19.7% per year).

Export Prices by Country

The average sodium triphosphate export price stood at $X per ton in 2022, growing by 59% against the previous year. Over the period under review, the export price recorded a buoyant increase. The most prominent rate of growth was recorded in 2015 an increase of 104%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Albania ($X per ton), while the average price for exports to North Macedonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+79.7%), while the prices for the other major destinations experienced more modest paces of growth.

Sodium Triphosphate Imports

Imports into Greece

Sodium triphosphate imports into Greece expanded sharply to X tons in 2022, surging by 6.3% against 2021 figures. Over the period under review, imports, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2017 with an increase of 38%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, sodium triphosphate imports soared to $X in 2022. In general, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons), Tunisia (X tons) and Sweden (X tons) were the main suppliers of sodium triphosphate imports to Greece, together comprising 58% of total imports. Poland, Bulgaria, China, the Czech Republic, Slovenia and the Netherlands lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +37.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sodium triphosphate suppliers to Greece were Belgium ($X), Tunisia ($X) and Sweden ($X), together accounting for 61% of total imports. China, Poland, Slovenia, the Czech Republic, Bulgaria and the Netherlands lagged somewhat behind, together comprising a further 36%.

In terms of the main suppliers, Bulgaria, with a CAGR of +33.9%, recorded 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 average sodium triphosphate import price stood at $X per ton in 2022, growing by 38% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% 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 +71.7% against 2020 indices. As a result, import 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 importers, the country with the highest price was Slovenia ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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