Sodium Triphosphate Price in Nepal - 2022
Contents:
Sodium Triphosphate Price in Nepal (CIF) - 2022
The average sodium triphosphate import price stood at $1,463 per ton in 2022, surging by 45% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.6% 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 +69.4% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 China ($2,118 per ton), while the price for India amounted to $1,406 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.4%), while the prices for the other major suppliers experienced a decline.
Sodium Triphosphate Imports in Nepal
After three years of growth, overseas purchases of sodium triphosphate (sodium tripolyphosphates) decreased by -43.3% to 289 tons in 2022. Over the period under review, imports saw a deep contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 28% against the previous year.
In value terms, sodium triphosphate imports declined rapidly to $423K in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +10.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. As a result, imports reached the peak of $513K, and then contracted markedly in the following year.
| Import of Sodium Triphosphate in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 130 | 183 | 328 | 374 | 42.2% |
| China | 48.3 | 21.3 | 40.7 | 48.7 | 0.3% |
| Russia | 133 | 165 | 98.0 | N/A | -14.2% |
| Kazakhstan | N/A | N/A | 22.3 | N/A | 0% |
| Belgium | N/A | 19.2 | 23.6 | N/A | 22.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 312 | 388 | 513 | 423 | 10.7% |
Top Suppliers of Sodium Triphosphate to Nepal in 2022:
- India (266.3 tons)
- China (23.0 tons)
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