Europe: Sodium Triphosphate Market 2024

Sodium Triphosphate Market Size in Europe

In 2023, the Europe sodium triphosphate market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The total consumption indicated a mild expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Sodium Triphosphate Production in Europe

In value terms, sodium triphosphate production shrank to $X in 2023 estimated in export price. In general, production enjoyed notable growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2022, and then reduced in the following year.

Sodium Triphosphate Exports

Exports in Europe

Sodium triphosphate exports rose to X tons in 2023, increasing by X% against 2022 figures. In general, exports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, sodium triphosphate exports dropped to $X in 2023. Over the period under review, exports, however, recorded a deep setback. The growth pace was the most rapid in 2018 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

Belgium (X tons) and Russia (X tons) dominates exports structure, together generating X% of total exports. It was distantly followed by the Czech Republic (X tons) and the Netherlands (X tons), together committing a X% share of total exports. Poland (X tons), Germany (X tons) and Slovenia (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Belgium ($X) remains the largest sodium triphosphate supplier in Europe, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Belgium amounted to X%. In the other countries, the average annual rates were as follows: Russia (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2023, the export price in Europe amounted to $X per ton, dropping by X% against the previous year. Export price indicated measured growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, sodium triphosphate export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Sodium Triphosphate Imports

Imports in Europe

After two years of growth, purchases abroad of sodium triphosphate (sodium tripolyphosphates) decreased by X% to X tons in 2023. Overall, imports saw a deep downturn. The growth pace was the most rapid in 2021 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, sodium triphosphate imports contracted to $X in 2023. In general, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2022 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, the Netherlands (X tons), distantly followed by the UK (X tons), Russia (X tons), Spain (X tons), Germany (X tons), Italy (X tons) and Poland (X tons) represented the largest importers of sodium triphosphate (sodium tripolyphosphates), together committing X% of total imports. The following importers - France (X tons), Ukraine (X tons), Denmark (X tons), Belgium (X tons), the Czech Republic (X tons) and Austria (X tons) - together made up X% of total imports.

The Netherlands was also the fastest-growing in terms of the sodium triphosphate (sodium tripolyphosphates) imports, with a CAGR of X% from 2012 to 2023. The UK (X%), the Czech Republic (X%), Spain (X%), Belgium (X%), Denmark (X%), Italy (X%), Austria (X%), Russia (X%), Ukraine (X%), France (X%), Germany (X%) and Poland (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the Netherlands, the UK, Italy, Spain and the Czech Republic increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X), the UK ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

The UK, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2023, the import price in Europe amounted to $X per ton, dropping by X% against the previous year. Import price indicated a noticeable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, sodium triphosphate import price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2022 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Austria ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform