China - Sodium Triphosphate (Sodium Tripolyphosphates) - Market Analysis, Forecast, Size, Trends And Insights
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Contents:
- Sodium Triphosphate Price in China (FOB) - 2023
- Sodium Triphosphate Price in China (CIF) - 2023
- Sodium Triphosphate Exports in China
- Sodium Triphosphate Imports in China
Sodium Triphosphate Price in China (FOB) - 2023
The average sodium triphosphate export price stood at $1,096 per ton in September 2023, surging by 1.7% against the previous month. In general, the export price, however, saw a noticeable setback. The most prominent rate of growth was recorded in February 2023 an increase of 4.6% m-o-m. The export price peaked at $1,420 per ton in October 2022; however, from November 2022 to September 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In September 2023, the countries with the highest prices were Argentina ($1,278 per ton) and Vietnam ($1,262 per ton), while the average price for exports to Indonesia ($898 per ton) and Mozambique ($930 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+1.3%), while the prices for the other major destinations experienced a decline.
Sodium Triphosphate Price in China (CIF) - 2023
The average sodium triphosphate import price stood at $1,951 per ton in September 2023, with a decrease of -16% against the previous month. In general, the import price continues to indicate a noticeable descent. The pace of growth appeared the most rapid in August 2023 an increase of 95% month-to-month. Over the period under review, average import prices attained the peak figure at $3,432 per ton in February 2023; however, from March 2023 to September 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Canada ($2,650 per ton), while the price for Russia ($1,190 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Russia (+21.9%), while the prices for the other major suppliers experienced a decline.
Sodium Triphosphate Exports in China
In 2022, sodium triphosphate exports from China skyrocketed to 209K tons, picking up by 18% against 2021. The total export volume increased at an average annual rate of +6.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, sodium triphosphate exports skyrocketed to $291M in 2022. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Sodium Triphosphate in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 12.9 | 15.3 | 17.4 | 32.5 | 36.1% |
| Indonesia | 5.1 | 7.0 | 21.9 | 22.1 | 63.0% |
| India | 1.6 | 7.6 | 6.3 | 17.3 | 121.1% |
| Thailand | 9.7 | 7.9 | 13.3 | 17.1 | 20.8% |
| Philippines | 5.1 | 7.7 | 12.6 | 14.2 | 40.7% |
| Mexico | 3.7 | 3.7 | 4.4 | 13.2 | 52.8% |
| Vietnam | 6.1 | 5.6 | 6.4 | 9.7 | 16.7% |
| Pakistan | 7.3 | 5.8 | 10.5 | 9.6 | 9.6% |
| United States | 7.2 | 3.7 | 3.4 | 8.0 | 3.6% |
| Australia | 3.7 | 3.6 | 5.1 | 7.8 | 28.2% |
| South Korea | 4.6 | 4.0 | 6.3 | 7.5 | 17.7% |
| Dominican Republic | 0.9 | 0.9 | 1.7 | 6.8 | 96.2% |
| Yemen | 1.7 | 1.7 | 2.4 | 5.1 | 44.2% |
| Others | 81.0 | 71.0 | 76.2 | 120 | 14.0% |
| Total | 151 | 145 | 188 | 291 | 24.4% |
Top Export Markets for Sodium Triphosphate from China in 2022:
- Indonesia (21.1K tons)
- Brazil (18.5K tons)
- India (15.9K tons)
- Philippines (12.0K tons)
- Thailand (10.4K tons)
- Mexico (7.5K tons)
- Pakistan (7.3K tons)
- Vietnam (6.3K tons)
- United States (6.0K tons)
- Dominican Republic (5.9K tons)
- Yemen (5.4K tons)
- Australia (4.6K tons)
- South Korea (4.6K tons)
Sodium Triphosphate Imports in China
In 2022, after two years of decline, there was significant growth in overseas purchases of sodium triphosphate (sodium tripolyphosphates), when their volume increased by 6.7% to 3K tons. Overall, imports, however, recorded a mild shrinkage.
In value terms, sodium triphosphate imports soared to $6.9M in 2022. The total import value increased at an average annual rate of +8.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Sodium Triphosphate in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 2.2 | 1.9 | 1.9 | 4.6 | 27.9% |
| Belgium | 1.6 | 1.2 | 1.8 | 1.5 | -2.1% |
| United States | 0.2 | 0.4 | 0.4 | 0.3 | 14.5% |
| Germany | 0.3 | 0.4 | 0.2 | 0.3 | 0.0% |
| Thailand | 1.0 | 1.0 | 0.7 | 0.3 | -33.1% |
| Others | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Total | 5.4 | 4.9 | 5.1 | 6.9 | 8.5% |
Top Suppliers of Sodium Triphosphate to China in 2022:
- Canada (2088.1 tons)
- Belgium (612.4 tons)
- Germany (137.9 tons)
- Thailand (113.0 tons)
- United States (55.5 tons)
This report provides an in-depth analysis of the sodium triphosphate market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20134270 - Sodium triphosphate (sodium tripolyphosphates)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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