Slovakia: Sodium Triphosphate Market 2024

Sodium Triphosphate Market Size in Slovakia

The Slovak sodium triphosphate market rose markedly to $X in 2021, surging by 13% 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). In general, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +9.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +96.7% against 2018 indices. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in years to come.

Sodium Triphosphate Exports

Exports from Slovakia

After two years of growth, overseas shipments of sodium triphosphate (sodium tripolyphosphates) decreased by -73.6% to X kg in 2021. Overall, exports recorded a significant decrease. The growth pace was the most rapid in 2020 with an increase of 8,508%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, sodium triphosphate exports fell significantly to $X in 2021. Over the period under review, exports faced a precipitous descent. The growth pace was the most rapid in 2020 when exports increased by 8,546% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X kg) was the main destination for sodium triphosphate exports from Slovakia, accounting for a 88% share of total exports. Moreover, sodium triphosphate exports to the Czech Republic exceeded the volume sent to the second major destination, Hungary (X kg), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Czech Republic amounted to -29.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-46.8% per year) and Poland (0.0% per year).

In value terms, the Czech Republic ($X) emerged as the key foreign market for sodium triphosphate exports from Slovakia, comprising 73% of total exports. The second position in the ranking was held by Poland ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the Czech Republic totaled -33.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (0.0% per year) and Hungary (-46.7% per year).

Export Prices by Country

The average sodium triphosphate export price stood at $X per ton in 2021, with a decrease of -8.1% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 568%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Poland ($X per ton), while the average price for exports to the Czech Republic ($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 Hungary (+0.2%), while the prices for the other major destinations experienced a decline.

Sodium Triphosphate Imports

Imports into Slovakia

In 2021, supplies from abroad of sodium triphosphate (sodium tripolyphosphates) increased by 25% to X tons, rising for the third year in a row after three years of decline. Over the period under review, imports saw resilient growth. The pace of growth was the most pronounced in 2019 when imports increased by 158% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, sodium triphosphate imports declined to $X in 2021. In general, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -32.1% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 142% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Belgium (X tons) constituted the largest sodium triphosphate supplier to Slovakia, accounting for a 79% share of total imports. Moreover, sodium triphosphate imports from Belgium exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium totaled +21.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+0.5% per year) and the United States (-44.0% per year).

In value terms, Belgium ($X) constituted the largest supplier of sodium triphosphate to Slovakia, comprising 76% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 21% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Belgium stood at +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+2.8% per year) and the United States (-42.5% per year).

Import Prices by Country

The average sodium triphosphate import price stood at $X per ton in 2021, reducing by -24.5% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 136% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 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 the United States ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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