Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in India - 2023
Contents:
- Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in India (CIF) - 2023
- Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in India (FOB) - 2022
- Imports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in India
- Exports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in India
Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in India (CIF) - 2023
The average import price for polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s stood at $2,129 per ton in October 2023, surging by 3.9% against the previous month. Overall, the import price, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 28% month-to-month. Over the period under review, average import prices hit record highs at $3,445 per ton in January 2023; however, from February 2023 to October 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($5,728 per ton), while the price for China ($1,399 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the United States (+7.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in India (FOB) - 2022
The average export price for polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s stood at $4,136 per ton in 2022, picking up by 31% against the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 an increase of 38% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sri Lanka ($10,005 per ton), while the average price for exports to Kenya ($526 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 Sri Lanka (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in India
In 2022, approx. 10K tons of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s were imported into India; surging by 8.4% on the year before. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 56% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s surged to $33M in 2022. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 79%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.
| Import of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.7 | 4.1 | 7.0 | 11.1 | 44.2% |
| Thailand | 3.6 | 3.2 | 5.4 | 8.3 | 32.1% |
| Belgium | 1.0 | 1.1 | 4.3 | 5.7 | 78.6% |
| Germany | 0.6 | 0.7 | 0.9 | 2.1 | 51.8% |
| United States | 0.5 | 0.3 | 0.3 | 1.3 | 37.5% |
| France | 0.3 | 0.2 | 0.7 | 0.8 | 38.7% |
| Others | 2.3 | 2.5 | 3.0 | 3.8 | 18.2% |
| Total | 12.1 | 12.0 | 21.6 | 33.1 | 39.9% |
Top Suppliers of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) to India in 2022:
- China (4.0K tons)
- Thailand (2.7K tons)
- Belgium (2.1K tons)
- Germany (0.4K tons)
- France (0.3K tons)
- United States (0.2K tons)
Exports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in India
Exports of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s from India surged to 650 tons in 2022, increasing by 20% on the previous year. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 132%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s soared to $2.7M in 2022. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 113% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the near future.
| Export of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 146 | 250 | 1,089 | 1,889 | 134.8% |
| Sri Lanka | 103 | 65.1 | 83.9 | 133 | 8.9% |
| Nigeria | 116 | 140 | 101 | 74.5 | -13.7% |
| Bangladesh | 35.5 | 17.2 | 38.4 | 59.7 | 18.9% |
| Philippines | 151 | N/A | 71.6 | 48.0 | -31.8% |
| United Arab Emirates | 22.3 | 28.7 | 3.0 | 44.2 | 25.6% |
| Angola | N/A | N/A | 16.7 | 39.4 | 135.9% |
| Nepal | 19.8 | 12.9 | 3.3 | 20.9 | 1.8% |
| Kenya | 24.5 | 17.0 | 10.8 | 5.4 | -39.6% |
| Others | 385 | 272 | 294 | 372 | -1.1% |
| Total | 1,003 | 802 | 1,711 | 2,686 | 38.9% |
Top Export Markets for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) from India in 2022:
- United States (457.5 tons)
- Angola (50.6 tons)
- Bangladesh (18.4 tons)
- United Arab Emirates (14.1 tons)
- Sri Lanka (13.3 tons)
- Nepal (11.2 tons)
- Kenya (10.3 tons)
- Nigeria (10.0 tons)
- Philippines (5.3 tons)
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Sodium Triphosphate experienced a rapid growth rate in February 2023, increasing by 159% month-over-month. By October 2023, imports of Sodium Triphosphate reached $5M in value.
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In value terms, phosphinates imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuat...
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Sodium Triphosphate experienced a rapid growth rate in February 2023, increasing by 159% month-over-month. By October 2023, imports of Sodium Triphosphate reached $5M in value.
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