Alkali Metals; Sodium Price in the UK - 2023
Contents:
- Alkali Metals; Sodium Price in the UK (CIF) - 2023
- Alkali Metals; Sodium Price in the UK (FOB) - 2022
- Alkali Metals; Sodium Imports in the UK
- Alkali Metals; Sodium Exports in the UK
Alkali Metals; Sodium Price in the UK (CIF) - 2023
The average alkali metals; sodium import price stood at $7,956 per ton in June 2023, growing by 4% against the previous month. Overall, the import price, however, continues to indicate a mild downturn. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 1,898% month-to-month. As a result, import price attained the peak level of $105K per ton. From October 2022 to June 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for France.
From June 2022 to June 2023, the rate of growth in terms of prices for France amounted to +1.1% per month.
Alkali Metals; Sodium Price in the UK (FOB) - 2022
In 2022, the average alkali metals; sodium export price amounted to $8,019 per ton, jumping by 28% against the previous year. Over the period under review, the export price, however, continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2020 an increase of 120% against the previous year. Over the period under review, the average export prices attained the maximum at $15,678 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($70,419 per ton), while the average price for exports to Nicaragua ($824 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 Mexico (+216.8%), while the prices for the other major destinations experienced more modest paces of growth.
Alkali Metals; Sodium Imports in the UK
In 2022, purchases abroad of alkali metals; sodia decreased by -1.9% to 407 tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a deep slump. The most prominent rate of growth was recorded in 2020 when imports increased by 37%. As a result, imports reached the peak of 1K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, alkali metals; sodium imports declined to $2.3M in 2022. In general, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 56%. As a result, imports attained the peak of $4.6M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Alkali Metals; Sodium in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 2.1 | 3.6 | 1.3 | 1.4 | -12.6% |
| Ireland | 0.7 | 0.8 | 0.7 | 0.8 | 4.6% |
| Belgium | 0.1 | 0.1 | 0.4 | N/A | 100.0% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 2.9 | 4.6 | 2.5 | 2.3 | -7.4% |
Top Suppliers of Alkali Metals; Sodium to the UK in 2022:
- France (366.1 tons)
- Ireland (34.8 tons)
Alkali Metals; Sodium Exports in the UK
In 2022, exports of alkali metals; sodia from the UK rose remarkably to 321 tons, surging by 7.3% compared with 2021. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 1,731% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, alkali metals; sodium exports skyrocketed to $2.6M in 2022. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 1,280% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Alkali Metals; Sodium in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.5 | 1.1 | 399 | 1,381 | 574.5% |
| Netherlands | 199 | N/A | 578 | 676 | 50.3% |
| France | N/A | N/A | 233 | 234 | 0.4% |
| South Africa | N/A | 60.2 | 148 | 74.7 | 11.4% |
| Nicaragua | N/A | N/A | N/A | 8.3 | 0% |
| Others | 136 | 74.3 | 515 | 201 | 13.9% |
| Total | 339 | 136 | 1,872 | 2,576 | 96.6% |
Top Export Markets for Alkali Metals; Sodium from the UK in 2022:
- Netherlands (264.4 tons)
- Germany (19.6 tons)
- France (11.0 tons)
- Nicaragua (10.0 tons)
- South Africa (8.0 tons)
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