Russian Federation: Sodium Triphosphate Market 2024

Sodium Triphosphate Market Size in the Russian Federation

The Russian sodium triphosphate market dropped to $X in 2021, waning by -3.8% against the previous year. In general, consumption saw a relatively flat trend pattern. Sodium triphosphate consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Sodium Triphosphate Production in the Russian Federation

In value terms, sodium triphosphate production amounted to $X in 2021 estimated in export price. In general, production, however, recorded a noticeable decline. The pace of growth appeared the most rapid in 2018 when the production volume increased by 9.1% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Sodium Triphosphate Exports

Exports from the Russian Federation

After two years of decline, overseas shipments of sodium triphosphate (sodium tripolyphosphates) increased by 1.6% to X tons in 2021. In general, exports, however, continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 47%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, sodium triphosphate exports stood at $X in 2021. Over the period under review, exports, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of 70%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for sodium triphosphate exports from Russia, with a 43% share of total exports. Moreover, sodium triphosphate exports to India exceeded the volume sent to the second major destination, Peru (X tons), fourfold. Egypt (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to India amounted to +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-4.8% per year) and Egypt (+3.2% per year).

In value terms, India ($X) remains the key foreign market for sodium triphosphate exports from Russia, comprising 40% of total exports. The second position in the ranking was held by Egypt ($X), with a 12% share of total exports. It was followed by Peru, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+0.1% per year) and Peru (-11.7% per year).

Export Prices by Country

The average sodium triphosphate export price stood at $X per ton in 2021, with an increase of 6.9% against the previous year. In general, the export price, however, showed a noticeable curtailment. The pace of growth was the most pronounced in 2018 an increase of 15%. The export price 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 destination: the country with the highest price was Poland ($X per ton), while the average price for exports to Peru ($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 Brazil (+8.4%), while the prices for the other major destinations experienced mixed trend patterns.

Sodium Triphosphate Imports

Imports into the Russian Federation

For the third year in a row, Russia recorded decline in overseas purchases of sodium triphosphate (sodium tripolyphosphates), which decreased by -4.3% to X tons in 2021. Over the period under review, imports recorded a deep contraction. The growth pace was the most rapid in 2018 when imports increased by 63% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, sodium triphosphate imports rose sharply to $X in 2021. Overall, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 32%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Kazakhstan (X tons) constituted the largest sodium triphosphate supplier to Russia, with a 85% share of total imports. Moreover, sodium triphosphate imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The third position in this ranking was held by Belgium (X tons), with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume from Kazakhstan amounted to -10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.4% per year) and Belgium (-5.3% per year).

In value terms, Kazakhstan ($X) constituted the largest supplier of sodium triphosphate to Russia, comprising 70% of total imports. The second position in the ranking was held by China ($X), with a 9.5% share of total imports. It was followed by Belgium, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Kazakhstan amounted to -14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.4% per year) and Belgium (-5.3% per year).

Import Prices by Country

In 2021, the average sodium triphosphate import price amounted to $X per ton, increasing by 13% against the previous year. Overall, the import price, however, continues to indicate a noticeable curtailment. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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