Greece: Sodium Triphosphate Market 2024

Sodium Triphosphate Market Size in Greece

For the third year in a row, the Greek sodium triphosphate market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Sodium triphosphate consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Sodium Triphosphate Exports

Exports from Greece

In 2022, shipments abroad of sodium triphosphate (sodium tripolyphosphates) decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2017 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sodium triphosphate exports surged to $X in 2022. Overall, exports saw a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Albania (X tons), the Netherlands (X tons) and North Macedonia (X tons) were the main destinations of sodium triphosphate exports from Greece, together comprising X% of total exports. Romania, Cyprus and Bulgaria lagged somewhat behind, together accounting for a further X%.

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

In value terms, Albania ($X) remains the key foreign market for sodium triphosphate (sodium tripolyphosphates) exports from Greece, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an X% share of total exports. It was followed by North Macedonia, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Albania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and North Macedonia (X% per year).

Export Prices by Country

In 2022, the average sodium triphosphate export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price enjoyed a strong expansion. The pace of growth appeared the most rapid in 2015 when the average export price increased by X%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Albania ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sodium Triphosphate Imports

Imports into Greece

In 2022, sodium triphosphate imports into Greece expanded rapidly to X tons, increasing by X% compared with 2021. Overall, imports, however, continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2017 when imports increased by X%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sodium triphosphate imports surged to $X in 2022. In general, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons), Tunisia (X tons) and Sweden (X tons) were the main suppliers of sodium triphosphate imports to Greece, with a combined X% share of total imports. Poland, Bulgaria, China, the Czech Republic, Slovenia and the Netherlands lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Tunisia ($X) and Sweden ($X) appeared to be the largest sodium triphosphate suppliers to Greece, with a combined X% share of total imports. China, Poland, the Czech Republic, Slovenia, Bulgaria and the Netherlands lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The average sodium triphosphate import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, import price indicated a temperate increase 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 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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