Eastern Europe: Sodium Phosphates Market 2024

Sodium Phosphates Market Size in Eastern Europe

In 2022, the East European sodium phosphates market decreased by X% to $X, falling for the second year in a row after three years of growth. The total consumption indicated pronounced growth 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. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Sodium Phosphates Production in Eastern Europe

In value terms, sodium phosphates production dropped to $X in 2022 estimated in export price. In general, production, however, faced a precipitous slump. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Sodium Phosphates Exports

Exports in Eastern Europe

In 2022, the amount of phosphates of mono- or di-sodium exported in Eastern Europe surged to X tons, increasing by X% compared with the previous year's figure. Over the period under review, exports, however, faced a drastic downturn. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, sodium phosphates exports skyrocketed to $X in 2022. Overall, exports, however, recorded a abrupt slump. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Russia dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Hungary (X tons), committing a X% share of total exports. The following exporters - Poland (X tons), Bulgaria (X tons) and the Czech Republic (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to sodium phosphates exports from Russia stood at X%. At the same time, Bulgaria (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. Poland experienced a relatively flat trend pattern. By contrast, Hungary (X%) and the Czech Republic (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Hungary, Bulgaria and Poland increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) emerged as the largest sodium phosphates supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total exports. It was followed by Poland, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Russia totaled X%. In the other countries, the average annual rates were as follows: the Czech Republic (X% per year) and Poland (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, declining by X% against the previous year. Export price indicated a resilient expansion 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 export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Sodium Phosphates Imports

Imports in Eastern Europe

In 2022, overseas purchases of phosphates of mono- or di-sodium decreased by X% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, sodium phosphates imports rose sharply to $X in 2022. Total imports indicated temperate growth 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. Based on 2022 figures, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland was the major importer of phosphates of mono- or di-sodium in Eastern Europe, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. Russia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the Czech Republic (X%), Ukraine (X%), Bulgaria (X%) and Romania (X%). Belarus (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to sodium phosphates imports into Poland stood at X%. At the same time, Bulgaria (X%), Russia (X%), the Czech Republic (X%) and Ukraine (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Romania (X%) and Belarus (X%) illustrated a downward trend over the same period. Russia (X p.p.), Bulgaria (X p.p.), the Czech Republic (X p.p.) and Ukraine (X p.p.) significantly strengthened its position in terms of the total imports, while Romania and Poland saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sodium phosphates importing markets in Eastern Europe were Poland ($X), Russia ($X) and the Czech Republic ($X), together accounting for X% of total imports. Bulgaria, Romania, Ukraine and Belarus lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price enjoyed a perceptible expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Ukraine ($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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