CIS: Sodium Phosphates Market 2024

Sodium Phosphates Market Size in CIS

In 2022, after two years of growth, there was significant decline in the CIS sodium phosphates market, when its value decreased by X% to $X. The total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then contracted dramatically in the following year.

Sodium Phosphates Production in CIS

In value terms, sodium phosphates production reached $X in 2022 estimated in export price. Overall, production, however, saw a sharp downturn. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Sodium Phosphates Exports

Exports in CIS

In 2022, approx. X tons of phosphates of mono- or di-sodium were exported in the CIS; jumping by X% on 2021 figures. Overall, exports, however, continue to indicate a deep reduction. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sodium phosphates exports surged to $X in 2022. Over the period under review, exports, however, saw a abrupt descent. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Russia (X tons), together amounting to X% of total export.

Russia was also the fastest-growing in terms of the phosphates of mono- or di-sodium exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest sodium phosphates supplier in the CIS.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia stood at X%.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price continues to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to X% per year.

Sodium Phosphates Imports

Imports in CIS

In 2022, the amount of phosphates of mono- or di-sodium imported in the CIS soared to X tons, with an increase of X% compared with the previous year's figure. In general, imports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, sodium phosphates imports surged to $X in 2022. Over the period under review, imports showed buoyant growth. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Russia (X tons) represented the main importer of phosphates of mono- or di-sodium, making up X% of total imports. Kyrgyzstan (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (X%) and Kazakhstan (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Kyrgyzstan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported phosphates of mono- or di-sodium in the CIS, comprising X% of total imports. The second position in the ranking was taken by Belarus ($X), with a X% share of total imports. It was followed by Kazakhstan, with a X% share.

In Russia, sodium phosphates imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, which is down by X% against the previous year. Import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sodium phosphates import price increased by X% against 2013 indices. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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