Southern Asia: Sodium Phosphates Market 2024

Sodium Phosphates Market Size in Southern Asia

In 2021, after three years of growth, there was significant decline in the South Asian sodium phosphates market, when its value decreased by -26.2% to $X. Over the period under review, consumption, however, recorded a strong increase. Over the period under review, the market hit record highs at $X in 2020, and then fell markedly in the following year.

Sodium Phosphates Production in Southern Asia

In value terms, sodium phosphates production contracted modestly to $X in 2021 estimated in export price. The total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -1.1% against 2015 indices. The most prominent rate of growth was recorded in 2015 with an increase of 52% against the previous year. As a result, production reached the peak level of $X; afterwards, it flattened through to 2021.

Sodium Phosphates Exports

Exports in Southern Asia

In 2021, the amount of phosphates of mono- or di-sodium exported in Southern Asia surged to X tons, picking up by 63% on 2020. In general, exports, however, faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 156%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, sodium phosphates exports surged to $X in 2021. Over the period under review, exports, however, saw a slight decline. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

India represented the largest exporting country with an export of around X tons, which accounted for 61% of total exports. It was distantly followed by Pakistan (X tons), achieving a 39% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by India (with a CAGR of +12.0%).

In value terms, India ($X) remains the largest sodium phosphates supplier in Southern Asia, comprising 92% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 7.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value in India amounted to +18.9%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, with an increase of 21% against the previous year. Overall, the export price continues to indicate a significant increase. The most prominent rate of growth was recorded in 2015 an increase of 784%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+10.3%).

Sodium Phosphates Imports

Imports in Southern Asia

After five years of growth, supplies from abroad of phosphates of mono- or di-sodium decreased by -21.6% to X tons in 2021. Overall, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 56%. The volume of import peaked at X tons in 2020, and then fell markedly in the following year.

In value terms, sodium phosphates imports declined modestly to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +100.5% against 2013 indices. The pace of growth appeared the most rapid in 2016 with an increase of 31% against the previous year. The level of import peaked at $X in 2020, and then shrank in the following year.

Imports by Country

India (X tons) and Pakistan (X tons) prevails in imports structure, together making up 89% of total imports. It was distantly followed by Sri Lanka (X tons), mixing up a 5.4% share of total imports. Bangladesh (X tons) and Nepal (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Nepal (with a CAGR of +16.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sodium phosphates importing markets in Southern Asia were India ($X), Pakistan ($X) and Bangladesh ($X), with a combined 95% share of total imports. These countries were followed by Sri Lanka and Nepal, which together accounted for a further 5.3%.

Among the main importing countries, Nepal, with a CAGR of +24.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, jumping by 27% against the previous year. Import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 an increase of 44%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Bangladesh ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+19.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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