Report Update Nov 1, 2024

Thailand - Sodium Triphosphate (Sodium Tripolyphosphates) - Market Analysis, Forecast, Size, Trends and Insights

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Thailand: Sodium Triphosphate Market 2024

Sodium Triphosphate Market Size in Thailand

After three years of growth, the Thai sodium triphosphate market decreased by -46% to $X in 2021. In general, consumption continues to indicate a abrupt decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Sodium Triphosphate Production in Thailand

In value terms, sodium triphosphate production reached $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 3% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Sodium Triphosphate Exports

Exports from Thailand

After three years of decline, overseas shipments of sodium triphosphate (sodium tripolyphosphates) increased by 24% to X tons in 2021. In general, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 48% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, sodium triphosphate exports surged to $X in 2021. Overall, exports showed a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of 52% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Vietnam (X tons) was the main destination for sodium triphosphate exports from Thailand, with a 42% share of total exports. Moreover, sodium triphosphate exports to Vietnam exceeded the volume sent to the second major destination, India (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Vietnam amounted to +38.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+15.9% per year) and the United States (+47.7% per year).

In value terms, Vietnam ($X) remains the key foreign market for sodium triphosphate exports from Thailand, comprising 44% of total exports. The second position in the ranking was taken by the United States ($X), with a 15% share of total exports. It was followed by India, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Vietnam stood at +40.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+49.9% per year) and India (+15.2% per year).

Export Prices by Country

In 2021, the average sodium triphosphate export price amounted to $X per ton, picking up by 13% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the Philippines ($X per ton), while the average price for exports to India ($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 the Philippines (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Sodium Triphosphate Imports

Imports into Thailand

In 2021, overseas purchases of sodium triphosphate (sodium tripolyphosphates) increased by 2.4% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports showed prominent growth. The growth pace was the most rapid in 2018 with an increase of 58% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, sodium triphosphate imports soared to $X in 2021. Over the period under review, imports enjoyed buoyant growth. The growth pace was the most rapid in 2018 with an increase of 66% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, China (X tons) was the main supplier of sodium triphosphate to Thailand, with a 94% share of total imports. Moreover, sodium triphosphate imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +11.4%.

In value terms, China ($X) constituted the largest supplier of sodium triphosphate to Thailand, comprising 93% of total imports. The second position in the ranking was held by Belgium ($X), with a 4.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +12.8%.

Import Prices by Country

In 2021, the average sodium triphosphate import price amounted to $X per ton, picking up by 33% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Belgium stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sodium triphosphate (sodium tripolyphosphates) in the world?

China constituted the country with the largest volume of sodium triphosphate consumption, accounting for 38% of total volume. Moreover, sodium triphosphate consumption in China exceeded the figures recorded by the second-largest consumer, Tunisia, fourfold. Kazakhstan ranked third in terms of total consumption with a 6.2% share.

What are the largest producers of sodium triphosphate (sodium tripolyphosphates) in the world?

China remains the largest sodium triphosphate producing country worldwide, comprising approx. 52% of total volume. Moreover, sodium triphosphate production in China exceeded the figures recorded by the second-largest producer, Tunisia, fourfold. The third position in this ranking was occupied by Belgium, with a 9.8% share.

What are the leading suppliers of sodium triphosphate (sodium tripolyphosphates) to Thailand?

In value terms, China constituted the largest supplier of sodium triphosphate to Thailand, comprising 93% of total imports. The second position in the ranking was occupied by Belgium, with a 4.7% share of total imports.

What are the leading importers of sodium triphosphate (sodium tripolyphosphates) from Thailand?

In value terms, Vietnam remains the key foreign market for sodium triphosphate exports from Thailand, comprising 44% of total exports. The second position in the ranking was occupied by the United States, with a 15% share of total exports. It was followed by India, with a 13% share.

What is the average export price for sodium triphosphate (sodium tripolyphosphates) in Thailand?

In 2021, the average sodium triphosphate export price amounted to $1,466 per ton, with an increase of 13% against the previous year.

What is the average import price for sodium triphosphate (sodium tripolyphosphates) in Thailand?

The average sodium triphosphate import price stood at $989 per ton in 2021, growing by 7.7% against the previous year.

This report provides an in-depth analysis of the sodium triphosphate market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20134270 - Sodium triphosphate (sodium tripolyphosphates)

Country coverage:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023