EU: Sodium Triphosphate Market 2024

Sodium Triphosphate Market Size in the EU

The EU sodium triphosphate market skyrocketed to $X in 2022, rising by X% against the previous year. In general, consumption, however, recorded a mild decline. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Sodium Triphosphate Production in the EU

In value terms, sodium triphosphate production totaled $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

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Sodium Triphosphate Exports

Exports in the EU

In 2022, exports of sodium triphosphate (sodium tripolyphosphates) in the European Union shrank to X tons, dropping by X% against the previous year. In general, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2021 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sodium triphosphate exports surged to $X in 2022. Over the period under review, exports recorded a mild decrease. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium was the key exporter of sodium triphosphate (sodium tripolyphosphates) in the European Union, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. The Czech Republic (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (X%), Germany (X%) and Poland (X%). The following exporters - Slovenia (X tons) and Spain (X tons) - each accounted for a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sodium triphosphate exports from Belgium stood at X%. At the same time, the Czech Republic (X%), Spain (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Slovenia (X%), Germany (X%) and Poland (X%) illustrated a downward trend over the same period. The Czech Republic (X p.p.), Belgium (X p.p.) and the Netherlands (X p.p.) significantly strengthened its position in terms of the total exports, while Germany 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, Belgium ($X) remains the largest sodium triphosphate supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with an X% share of total exports. It was followed by the Netherlands, with an X% share.

In Belgium, sodium triphosphate exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, increasing by X% against the previous year. Export price indicated measured 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 triphosphate export price increased by X% against 2015 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Slovenia ($X per ton) and Germany ($X per ton), while the Czech Republic ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

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

Sodium Triphosphate Imports

Imports in the EU

In 2022, overseas purchases of sodium triphosphate (sodium tripolyphosphates) increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, recorded a abrupt setback. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, sodium triphosphate imports skyrocketed to $X in 2022. In general, imports, however, showed a perceptible decrease. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Spain (X tons), Germany (X tons), the Netherlands (X tons), Poland (X tons), Italy (X tons), France (X tons), Austria (X tons), Belgium (X tons), Latvia (X tons) and the Czech Republic (X tons) represented roughly X% of total imports in 2022.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the Netherlands ($X), Germany ($X) and Spain ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Italy, France, Poland, Austria, Belgium, the Czech Republic and Latvia lagged somewhat behind, together comprising a further X%.

Latvia, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the import price in the European Union amounted to $X per ton, jumping by X% against the previous year. Import price indicated moderate 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 triphosphate import price increased by X% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Latvia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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