Romania: Sodium Triphosphate Market 2024

Sodium Triphosphate Market Size in Romania

For the third year in a row, the Romanian sodium triphosphate market recorded growth in sales value, which increased by X% to $X in 2022. In general, the total consumption indicated a remarkable 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. Based on 2022 figures, consumption increased by X% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Sodium Triphosphate Exports

Exports from Romania

In 2022, the amount of sodium triphosphate (sodium tripolyphosphates) exported from Romania reduced remarkably to X tons, dropping by X% against the previous year's figure. Overall, exports recorded a precipitous decline. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, sodium triphosphate exports reduced notably to $X in 2022. Over the period under review, exports showed a abrupt setback. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Bulgaria (X tons), Hungary (X tons) and Slovakia (X tons) were the main destinations of sodium triphosphate exports from Romania, with a combined X% share of total exports.

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

In value terms, Bulgaria ($X) emerged as the key foreign market for sodium triphosphate (sodium tripolyphosphates) exports from Romania, comprising X% of total exports. The second position in the ranking was held by Hungary ($X), with a X% share of total exports. It was followed by Moldova, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bulgaria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Moldova (X% per year).

Export Prices by Country

In 2022, the average sodium triphosphate export price amounted to $X per ton, jumping by X% against the previous year. In general, export price indicated a resilient 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 export price increased by X% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Moldova ($X per ton), while the average price for exports to Slovakia ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sodium Triphosphate Imports

Imports into Romania

In 2022, supplies from abroad of sodium triphosphate (sodium tripolyphosphates) increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

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

Imports by Country

China (X tons), Belgium (X tons) and Thailand (X tons) were the main suppliers of sodium triphosphate imports to Romania, together accounting for X% of total imports. The Czech Republic, Bulgaria, Italy, Germany and Russia lagged somewhat behind, together comprising a further X%.

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

In value terms, China ($X), Belgium ($X) and the Czech Republic ($X) appeared to be the largest sodium triphosphate suppliers to Romania, together accounting for X% of total imports. Thailand, Bulgaria, Italy, Germany and Russia lagged somewhat behind, together comprising a further X%.

Bulgaria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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, jumping by X% against the previous year. Overall, import price indicated a remarkable 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 2018 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Thailand ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :