Portugal: Sodium Triphosphate Market 2024

Sodium Triphosphate Market Size in Portugal

The Portuguese sodium triphosphate market soared to $X in 2022, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Sodium Triphosphate Exports

Exports from Portugal

In 2022, overseas shipments of sodium triphosphate (sodium tripolyphosphates) increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports showed a strong increase. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, sodium triphosphate exports soared to $X in 2022. In general, exports enjoyed resilient growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Algeria (X tons) was the main destination for sodium triphosphate exports from Portugal, accounting for a X% share of total exports. Moreover, sodium triphosphate exports to Algeria exceeded the volume sent to the second major destination, Angola (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Algeria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (X% per year) and Sao Tome and Principe (X.3% per year).

In value terms, Angola ($X) remains the key foreign market for sodium triphosphate (sodium tripolyphosphates) exports from Portugal, comprising X% of total exports. The second position in the ranking was held by Algeria ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Angola totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (X% per year) and Sao Tome and Principe (X.3% per year).

Export Prices by Country

The average sodium triphosphate export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Algeria ($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 Sao Tome and Principe (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Sodium Triphosphate Imports

Imports into Portugal

In 2022, approx. X tons of sodium triphosphate (sodium tripolyphosphates) were imported into Portugal; increasing by X% compared with the year before. In general, total imports indicated strong growth from 2012 to 2022: its volume 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sodium triphosphate imports soared to $X in 2022. Overall, imports enjoyed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of sodium triphosphate to Portugal, accounting for a X% share of total imports. Moreover, sodium triphosphate imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Germany (X% per year).

In value terms, China ($X), Germany ($X) and Spain ($X) appeared to be the largest sodium triphosphate suppliers to Portugal, with a combined X% share of total imports. Tunisia, France, Poland, the Netherlands and Belgium lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Poland, with a CAGR of X%, saw 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

In 2022, the average sodium triphosphate import price amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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