MERCOSUR: Sodium Triphosphate Market 2024

Sodium Triphosphate Market Size in MERCOSUR

The MERCOSUR sodium triphosphate market expanded markedly to $X in 2021, growing by 8.4% against the previous year. In general, consumption, however, recorded a drastic downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Sodium Triphosphate Production in MERCOSUR

In value terms, sodium triphosphate production stood at $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2018 with an increase of 1.5%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Sodium Triphosphate Exports

Exports in MERCOSUR

In 2021, overseas shipments of sodium triphosphate (sodium tripolyphosphates) were finally on the rise to reach X tons for the first time since 2015, thus ending a five-year declining trend. In general, exports, however, recorded a deep slump. The pace of growth appeared the most rapid in 2013 when exports increased by 119% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, sodium triphosphate exports skyrocketed to $X in 2021. Overall, exports, however, faced a deep reduction. The growth pace was the most rapid in 2013 when exports increased by 93%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Brazil was the main exporting country with an export of around X tons, which finished at 73% of total exports. Venezuela (X tons) ranks second in terms of the total exports with a 12% share, followed by Argentina (8.2%). Peru (X tons) and Chile (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to sodium triphosphate exports from Brazil stood at +18.1%. At the same time, Chile (+152.7%) and Peru (+1.7%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +152.7% from 2012-2021. By contrast, Venezuela (-25.2%) and Argentina (-26.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil, Peru and Chile increased by +68, +2.8 and +2 percentage points, respectively.

In value terms, Brazil ($X) remains the largest sodium triphosphate supplier in MERCOSUR, comprising 73% of total exports. The second position in the ranking was held by Venezuela ($X), with an 11% share of total exports. It was followed by Argentina, with a 7.3% share.

In Brazil, sodium triphosphate exports expanded at an average annual rate of +9.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Venezuela (-28.4% per year) and Argentina (-31.0% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, rising by 2.3% against the previous year. In general, the export price, however, continues to indicate a perceptible reduction. The growth pace was the most rapid in 2018 an increase of 11% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Venezuela (-4.3%), while the other leaders experienced a decline in the export price figures.

Sodium Triphosphate Imports

Imports in MERCOSUR

In 2021, overseas purchases of sodium triphosphate (sodium tripolyphosphates) increased by 3.6% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a deep slump. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, sodium triphosphate imports surged to $X in 2021. In general, imports, however, continue to indicate a abrupt curtailment. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Brazil (X tons) and Peru (X tons) represented roughly 62% of total imports in 2021. Colombia (X tons) held the next position in the ranking, followed by Argentina (X tons) and Chile (X tons). All these countries together took near 33% share of total imports. The following importers - Venezuela (X tons) and Ecuador (X tons) - each reached a 4% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Argentina (with a CAGR of +2.8%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Brazil ($X) constitutes the largest market for imported sodium triphosphate (sodium tripolyphosphates) in MERCOSUR, comprising 39% of total imports. The second position in the ranking was held by Peru ($X), with an 18% share of total imports. It was followed by Colombia, with a 15% share.

In Brazil, sodium triphosphate imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Peru (-13.3% per year) and Colombia (-15.3% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, picking up by 18% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+1.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform