Spain: Sodium Triphosphate Market 2024

Sodium Triphosphate Market Size in Spain

The Spanish sodium triphosphate market surged to $X in 2021, picking up by 43% 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, saw a pronounced downturn. Sodium triphosphate consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Sodium Triphosphate Exports

Exports from Spain

In 2021, the amount of sodium triphosphate (sodium tripolyphosphates) exported from Spain reduced notably to X tons, with a decrease of -24.1% against 2020 figures. Overall, exports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2018 when exports increased by 155%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, sodium triphosphate exports reduced remarkably to $X in 2021. In general, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 105%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Algeria (X tons) was the main destination for sodium triphosphate exports from Spain, accounting for a 28% share of total exports. Moreover, sodium triphosphate exports to Algeria exceeded the volume sent to the second major destination, Turkey (X tons), twofold. The third position in this ranking was taken by Portugal (X tons), with an 8.9% share.

From 2012 to 2021, the average annual growth rate of volume to Algeria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+148.4% per year) and Portugal (+1.1% per year).

In value terms, Algeria ($X) remains the key foreign market for sodium triphosphate exports from Spain, comprising 37% of total exports. The second position in the ranking was held by Turkey ($X), with a 14% share of total exports. It was followed by Cuba, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value to Algeria stood at +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+149.1% per year) and Cuba (+15.7% per year).

Export Prices by Country

The average sodium triphosphate export price stood at $X per ton in 2021, with an increase of 10% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 28%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Algeria ($X per ton), while the average price for exports to France ($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 Algeria (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Sodium Triphosphate Imports

Imports into Spain

Sodium triphosphate imports into Spain rose significantly to X tons in 2021, picking up by 14% against the previous year. Overall, imports, however, recorded a mild reduction. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, sodium triphosphate imports soared to $X in 2021. Over the period under review, imports, however, saw a slight contraction. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tons), China (X tons) and Tunisia (X tons) were the main suppliers of sodium triphosphate imports to Spain, together accounting for 76% of total imports. These countries were followed by Russia, the Czech Republic, Germany, Poland and the Netherlands, which together accounted for a further 21%.

From 2012 to 2021, the biggest increases were in Russia (with a CAGR of +33.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), China ($X) and Tunisia ($X) appeared to be the largest sodium triphosphate suppliers to Spain, with a combined 78% share of total imports. Germany, Russia, Poland, the Czech Republic and the Netherlands lagged somewhat behind, together accounting for a further 18%.

Russia, with a CAGR of +30.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average sodium triphosphate import price amounted to $X per ton, with an increase of 16% against the previous year. In general, the import price showed a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat 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 Netherlands ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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