Peru: Sodium Triphosphate Market 2024

Sodium Triphosphate Market Size in Peru

The Peruvian sodium triphosphate market contracted modestly to $X in 2021, reducing by -1.9% 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). Overall, consumption continues to indicate a abrupt contraction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Sodium Triphosphate Exports

Exports from Peru

In 2021, shipments abroad of sodium triphosphate (sodium tripolyphosphates) decreased by -11.6% to X tons, falling for the fifth consecutive year after two years of growth. Overall, exports, however, posted slight growth. The pace of growth was the most pronounced in 2015 with an increase of 373% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, sodium triphosphate exports shrank dramatically to $X in 2021. In general, exports continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2015 with an increase of 188% against the previous year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Dominican Republic (X tons) was the main destination for sodium triphosphate exports from Peru, accounting for a 85% share of total exports. Moreover, sodium triphosphate exports to the Dominican Republic exceeded the volume sent to the second major destination, Bolivia (X tons), more than tenfold. The third position in this ranking was taken by Colombia (X tons), with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Dominican Republic was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+4.1% per year) and Colombia (-22.5% per year).

In value terms, the Dominican Republic ($X) emerged as the key foreign market for sodium triphosphate exports from Peru, comprising 75% of total exports. The second position in the ranking was held by Colombia ($X), with an 18% share of total exports. It was followed by Bolivia, with a 5.1% share.

From 2012 to 2021, the average annual growth rate of value to the Dominican Republic was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-14.0% per year) and Bolivia (-0.6% per year).

Export Prices by Country

In 2021, the average sodium triphosphate export price amounted to $X per ton, waning by -16.4% against the previous year. In general, the export price recorded a noticeable setback. The most prominent rate of growth was recorded in 2013 when the average export price increased by 16% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Colombia ($X per ton), while the average price for exports to Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+10.9%), while the prices for the other major destinations experienced a decline.

Sodium Triphosphate Imports

Imports into Peru

For the third year in a row, Peru recorded decline in supplies from abroad of sodium triphosphate (sodium tripolyphosphates), which decreased by -0.8% to X tons in 2021. Overall, imports recorded a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 24%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, sodium triphosphate imports shrank slightly to $X in 2021. In general, imports saw a deep setback. The pace of growth was the most pronounced in 2018 with an increase of 20%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest sodium triphosphate supplier to Peru, with a 84% share of total imports. Moreover, sodium triphosphate imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), more than tenfold. The third position in this ranking was taken by Venezuela (X tons), with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-31.4% per year) and Venezuela (+12.1% per year).

In value terms, China ($X) constituted the largest supplier of sodium triphosphate to Peru, comprising 58% of total imports. The second position in the ranking was taken by Venezuela ($X), with a 3% share of total imports. It was followed by Kazakhstan, with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Venezuela (+6.8% per year) and Kazakhstan (+195.3% per year).

Import Prices by Country

The average sodium triphosphate import price stood at $X per ton in 2021, remaining stable against the previous year. Over the period under review, the import price showed a noticeable downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 1.2%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+5.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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