South Africa: Sodium Triphosphate Market 2024

Sodium Triphosphate Market Size in South Africa

The South African sodium triphosphate market reached $X in 2021, growing by 8.9% 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). In general, consumption, however, continues to indicate a abrupt slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Sodium Triphosphate Exports

Exports from South Africa

In 2021, shipments abroad of sodium triphosphate (sodium tripolyphosphates) increased by 45% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, recorded a mild decrease. The pace of growth appeared the most rapid in 2015 with an increase of 120% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, sodium triphosphate exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a noticeable downturn. The growth pace was the most rapid in 2017 with an increase of 87% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Zambia (X tons) was the main destination for sodium triphosphate exports from South Africa, with a 47% share of total exports. Moreover, sodium triphosphate exports to Zambia exceeded the volume sent to the second major destination, Zimbabwe (X tons), twofold. Swaziland (X tons) ranked third in terms of total exports with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Zambia stood at -3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (-8.8% per year) and Swaziland (+42.7% per year).

In value terms, Zambia ($X) emerged as the key foreign market for sodium triphosphate exports from South Africa, comprising 55% of total exports. The second position in the ranking was held by Zimbabwe ($X), with a 19% share of total exports. It was followed by Namibia, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Zambia amounted to -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (-11.4% per year) and Namibia (+16.8% per year).

Export Prices by Country

In 2021, the average sodium triphosphate export price amounted to $X per ton, surging by 6.5% against the previous year. Overall, the export price, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2016 an increase of 17%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Zambia ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 Namibia (+1.0%), while the prices for the other major destinations experienced mixed trend patterns.

Sodium Triphosphate Imports

Imports into South Africa

Sodium triphosphate imports into South Africa expanded modestly to X tons in 2021, growing by 3.1% compared with the year before. Over the period under review, imports, however, faced a abrupt curtailment. The pace of growth was the most pronounced in 2014 with an increase of 31%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, sodium triphosphate imports soared to $X in 2021. Overall, imports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2014 when imports increased by 30%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest sodium triphosphate supplier to South Africa, accounting for a 85% share of total imports. Moreover, sodium triphosphate imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was taken by Belgium (X tons), with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+77.2% per year) and Belgium (+0.5% per year).

In value terms, China ($X) constituted the largest supplier of sodium triphosphate to South Africa, comprising 78% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports. It was followed by Belgium, with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+68.0% per year) and Belgium (+1.0% per year).

Import Prices by Country

The average sodium triphosphate import price stood at $X per ton in 2021, picking up by 13% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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