Hungary - Sodium Triphosphate (Sodium Tripolyphosphates) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSodium Triphosphate Price in Hungary - 2023
Contents:
- Sodium Triphosphate Price in Hungary (FOB) - 2023
- Sodium Triphosphate Price in Hungary (CIF) - 2023
- Sodium Triphosphate Exports in Hungary
- Sodium Triphosphate Imports in Hungary
Sodium Triphosphate Price in Hungary (FOB) - 2023
In August 2023, the average sodium triphosphate export price amounted to $2,871 per ton, standing approximately at the previous month. In general, the export price, however, posted a mild expansion. The pace of growth appeared the most rapid in February 2023 an increase of 61% month-to-month. As a result, the export price attained the peak level of $4,436 per ton. From March 2023 to August 2023, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.
From August 2022 to August 2023, the rate of growth in terms of prices for Saudi Arabia amounted to +1.3% per month.
Sodium Triphosphate Price in Hungary (CIF) - 2023
In July 2023, the average sodium triphosphate import price amounted to $1,815 per ton, which is down by -21.2% against the previous month. In general, the import price recorded a slight contraction. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 11% m-o-m. Over the period under review, average import prices reached the maximum at $2,514 per ton in January 2023; however, from February 2023 to July 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the countries with the highest prices were Belgium ($1,935 per ton) and Poland ($1,857 per ton), while the price for Kazakhstan ($1,613 per ton) and the Czech Republic ($1,719 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Poland (+0.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Sodium Triphosphate Exports in Hungary
Sodium triphosphate exports from Hungary reduced dramatically to 300 tons in 2022, shrinking by -70.5% against 2021. Over the period under review, exports faced a dramatic decline. The most prominent rate of growth was recorded in 2021 when exports increased by 11% against the previous year.
In value terms, sodium triphosphate exports dropped rapidly to $790K in 2022. Overall, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year.
| Export of Sodium Triphosphate in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 106 | 353 | 461 | 394 | 54.9% |
| Russia | 1,353 | 1,091 | 1,244 | 226 | -44.9% |
| Germany | 1,330 | 897 | 1,024 | 164 | -50.2% |
| Others | 15.4 | 8.9 | 7.0 | 5.9 | -27.4% |
| Total | 2,804 | 2,350 | 2,736 | 790 | -34.4% |
Top Export Markets for Sodium Triphosphate from Hungary in 2022:
- Saudi Arabia (158.0 tons)
- Russia (80.0 tons)
- Germany (60.0 tons)
Sodium Triphosphate Imports in Hungary
In 2022, overseas purchases of sodium triphosphate (sodium tripolyphosphates) decreased by -30.3% to 998 tons, falling for the second consecutive year after two years of growth. Overall, imports saw a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of 20% against the previous year. As a result, imports attained the peak of 1.5K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, sodium triphosphate imports rose notably to $2M in 2022. The total import value increased at an average annual rate of +13.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 22%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.
| Import of Sodium Triphosphate in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 737 | 766 | 978 | 1,459 | 25.6% |
| Poland | 386 | 744 | 552 | 205 | -19.0% |
| Slovenia | 69.7 | 58.0 | 119 | 98.8 | 12.3% |
| Italy | 56.9 | 29.6 | 31.4 | 85.9 | 14.7% |
| Czech Republic | 43.8 | 50.1 | 75.7 | 67.4 | 15.5% |
| Ukraine | N/A | N/A | N/A | 56.5 | 0% |
| Latvia | 37.2 | N/A | N/A | 34.5 | -2.5% |
| Others | 72.9 | 63.5 | 92.1 | 27.3 | -27.9% |
| Total | 1,404 | 1,711 | 1,847 | 2,034 | 13.2% |
Top Suppliers of Sodium Triphosphate to Hungary in 2022:
- Belgium (742.3 tons)
- Poland (124.9 tons)
- Slovenia (36.0 tons)
- Italy (24.9 tons)
- Latvia (21.0 tons)
- Czech Republic (20.4 tons)
- Ukraine (20.1 tons)
This report provides an in-depth analysis of the sodium triphosphate market in Hungary. 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:
- Hungary
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hungary
- 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
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
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
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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