Southern Asia: Sodium Phosphates Market 2024

Sodium Phosphates Market Size in Southern Asia

In 2022, the South Asian sodium phosphates market decreased by X% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, continues to indicate resilient growth. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Sodium Phosphates Production in Southern Asia

In value terms, sodium phosphates production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a dramatic contraction. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Sodium Phosphates Exports

Exports in Southern Asia

In 2022, approx. X tons of phosphates of mono- or di-sodium were exported in Southern Asia; growing by X% compared with the year before. Overall, exports, however, saw a precipitous contraction. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sodium phosphates exports soared to $X in 2022. Over the period under review, exports continue to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India prevails in exports structure, resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Pakistan (X tons), committing a X% share of total exports.

India was also the fastest-growing in terms of the phosphates of mono- or di-sodium exports, with a CAGR of X% from 2012 to 2022. Pakistan (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Pakistan (X p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest sodium phosphates supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Pakistan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to X%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (X%).

Sodium Phosphates Imports

Imports in Southern Asia

In 2022, the amount of phosphates of mono- or di-sodium imported in Southern Asia expanded to X tons, with an increase of X% against 2021. Total imports indicated a notable increase 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. Based on 2022 figures, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. 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 dropped modestly to $X in 2022. Overall, imports enjoyed a prominent expansion. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Pakistan (X tons) and India (X tons) dominates imports structure, together constituting X% of total imports. It was distantly followed by Sri Lanka (X tons), committing a X% share of total imports. Bangladesh (X tons) and Nepal (X tons) followed a long way behind the leaders.

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

In value terms, India ($X), Pakistan ($X) and Bangladesh ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Sri Lanka and Nepal lagged somewhat behind, together accounting for a further X%.

Nepal, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 Southern Asia amounted to $X per ton, declining by X% against the previous year. Import price indicated a noticeable 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 import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bangladesh ($X per ton), while Nepal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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