Spain: Sodium Triphosphate Market 2024

Sodium Triphosphate Market Size in Spain

The Spanish sodium triphosphate market surged to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption recorded a noticeable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Sodium Triphosphate Production in Spain

In value terms, sodium triphosphate production stood at $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume decreased by X% against the previous year. Over the period under review, production reached the peak level in 2022 and is likely to see gradual growth in the near future.

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Sodium Triphosphate Exports

Exports from Spain

In 2022, overseas shipments of sodium triphosphate (sodium tripolyphosphates) were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports posted prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, sodium triphosphate exports surged to $X in 2022. Over the period under review, exports posted a strong increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Vietnam (X tons), Italy (X tons) and Portugal (X tons) were the main destinations of sodium triphosphate exports from Spain, together comprising X% of total exports. Turkey, Cuba, Oman, the UK, France, Bangladesh, Algeria, Belgium and Denmark 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 Turkey (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sodium triphosphate exported from Spain were Portugal ($X), Cuba ($X) and Algeria ($X), together comprising X% of total exports. Italy, Vietnam, Turkey, the UK, Oman, France, Bangladesh, Belgium and Denmark lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Turkey, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sodium triphosphate export price stood at $X per ton in 2022, rising by X% against the previous year. In general, export price indicated a moderate 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 triphosphate export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of X%. The export price peaked in 2022 and is likely to continue growth in the near future.

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 Algeria ($X per ton), while the average price for exports to Vietnam ($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 Portugal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sodium Triphosphate Imports

Imports into Spain

Sodium triphosphate imports into Spain rose notably to X tons in 2022, surging by X% against 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, sodium triphosphate imports surged to $X in 2022. In general, imports saw temperate growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons), China (X tons) and Tunisia (X tons) were the main suppliers of sodium triphosphate imports to Spain, with a combined X% share of total imports. Germany, Russia, Latvia, Poland and the Netherlands lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest sodium triphosphate suppliers to Spain were Belgium ($X), China ($X) and Tunisia ($X), together comprising X% of total imports. Germany, Poland, Latvia, Russia and the Netherlands lagged somewhat behind, together comprising a further X%.

Russia, with a CAGR of X%, saw 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

The average sodium triphosphate import price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, import price indicated a noticeable 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 reached 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 ($X per ton), while the price for Russia ($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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