Sodium Triphosphate Price in Tanzania - 2022

Contents:

1. Sodium Triphosphate Price in Tanzania (CIF) - 2022
2. Sodium Triphosphate Price in Tanzania (FOB) - 2022
3. Sodium Triphosphate Imports in Tanzania
4. Sodium Triphosphate Exports in Tanzania

Sodium Triphosphate Price in Tanzania (CIF) - 2022

The average sodium triphosphate import price stood at $980 per ton in 2022, growing by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2014 when the average import price increased by 33% against the previous year. As a result, import price reached the peak level of $987 per ton. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($1,255 per ton), while the price for Zambia ($794 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (+25.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Sodium Triphosphate Price in Tanzania (FOB) - 2022

In 2022, the average sodium triphosphate export price amounted to $25 per ton, shrinking by -97.8% against the previous year. In general, the export price faced a dramatic decrease. The most prominent rate of growth was recorded in 2021 an increase of 52%. As a result, the export price attained the peak level of $1,127 per ton, and then shrank remarkably in the following year.

As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.

From 2013 to 2022, the rate of growth in terms of prices for Zambia amounted to +23.6% per year.

Sodium Triphosphate Imports in Tanzania

In 2022, approx. 3.7K tons of sodium triphosphate (sodium tripolyphosphates) were imported into Tanzania; which is down by -31.8% on the previous year. Over the period under review, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 92%. As a result, imports attained the peak of 5.4K tons, and then plummeted in the following year.

In value terms, sodium triphosphate imports reduced dramatically to $3.6M in 2022. Overall, imports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2021 when imports increased by 97% against the previous year. As a result, imports reached the peak of $4.6M, and then fell markedly in the following year.

Top Suppliers of Sodium Triphosphate to Tanzania in 2022:

1. China (2884.5 tons)
2. Hong Kong SAR (293.0 tons)
3. Russia (286.6 tons)
4. India (136.8 tons)
5. Zambia (74.2 tons)

Sodium Triphosphate Exports in Tanzania

In 2022, after two years of growth, there was significant decline in overseas shipments of sodium triphosphate (sodium tripolyphosphates), when their volume decreased by -63.1% to 10 tons. In general, exports faced a significant contraction. The most prominent rate of growth was recorded in 2021 with an increase of 60%. As a result, the exports attained the peak of 27 tons, and then reduced remarkably in the following year.

In value terms, sodium triphosphate exports fell significantly to $250 in 2022. Overall, exports continue to indicate a precipitous decrease. The growth pace was the most rapid in 2021 when exports increased by 144%. As a result, the exports attained the peak of $31K, and then reduced markedly in the following year.

Top Export Markets for Sodium Triphosphate from Tanzania in 2022:

1. Democratic Republic of the Congo (10.0 tons)

Source: IndexBox Market Intelligence Platform