Dithionites and Sulphoxylates Price in China - 2023
Contents:
- Dithionites and Sulphoxylates Price in China (FOB) - 2023
- Dithionites and Sulphoxylates Price in China (CIF) - 2023
- Dithionites and Sulphoxylates Exports in China
- Dithionites and Sulphoxylates Imports in China
Dithionites and Sulphoxylates Price in China (FOB) - 2023
The average dithionites and sulphoxylates export price stood at $825 per ton in September 2023, with a decrease of -6.1% against the previous month. Overall, the export price saw a pronounced setback. The pace of growth was the most pronounced in December 2022 an increase of 7% month-to-month. The export price peaked at $1,166 per ton in September 2022; however, from October 2022 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($1,173 per ton), while the average price for exports to Mexico ($722 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (-1.3%), while the prices for the other major destinations experienced a decline.
Dithionites and Sulphoxylates Price in China (CIF) - 2023
The average dithionites and sulphoxylates import price stood at $5,496 per ton in September 2023, growing by 16% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.9%. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 40% m-o-m. The import price peaked in September 2023.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($8,875 per ton), while the price for India stood at $2,988 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+6.5%).
Dithionites and Sulphoxylates Exports in China
Dithionites and sulphoxylates exports from China skyrocketed to 108K tons in 2022, rising by 23% on the previous year's figure. Overall, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +10.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.9% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, dithionites and sulphoxylates exports skyrocketed to $150M in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 67% 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 near future.
| Export of Dithionites and Sulphoxylates in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 10.9 | 11.0 | 18.9 | 27.7 | 36.5% |
| Vietnam | 8.0 | 7.5 | 12.9 | 14.3 | 21.4% |
| Turkey | 3.5 | 2.4 | 3.3 | 10.7 | 45.1% |
| Bangladesh | 3.6 | 2.6 | 5.9 | 10.5 | 42.9% |
| Indonesia | 5.7 | 4.5 | 7.4 | 9.0 | 16.4% |
| Mexico | 4.5 | 2.2 | 5.1 | 8.3 | 22.6% |
| Russia | 2.1 | 1.2 | 2.7 | 7.5 | 52.9% |
| Brazil | 2.1 | 1.5 | 4.9 | 7.4 | 52.2% |
| Thailand | 2.7 | 2.9 | 4.9 | 5.4 | 26.0% |
| Egypt | 1.9 | 1.1 | 1.7 | 4.4 | 32.3% |
| South Korea | 3.2 | 2.1 | 3.2 | 4.2 | 9.5% |
| Japan | 3.5 | 2.8 | 3.6 | 3.7 | 1.9% |
| United Arab Emirates | 0.1 | 0.8 | 0.4 | 3.0 | 210.7% |
| Others | 26.5 | 18.2 | 26.0 | 33.3 | 7.9% |
| Total | 78.3 | 60.6 | 101 | 150 | 24.2% |
Top Export Markets for Dithionites and Sulphoxylates from China in 2022:
- Pakistan (17.4K tons)
- Vietnam (11.2K tons)
- Bangladesh (8.0K tons)
- Turkey (8.0K tons)
- Indonesia (7.1K tons)
- Mexico (6.2K tons)
- Brazil (5.2K tons)
- Russia (4.9K tons)
- Thailand (4.2K tons)
- Egypt (3.3K tons)
- South Korea (2.9K tons)
- Japan (2.3K tons)
- United Arab Emirates (2.1K tons)
Dithionites and Sulphoxylates Imports in China
In 2022, the amount of dithionites and sulphoxylateses imported into China dropped remarkably to 2.1K tons, with a decrease of -20% compared with the previous year. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 29% against the previous year. As a result, imports attained the peak of 2.6K tons, and then declined sharply in the following year.
In value terms, dithionites and sulphoxylates imports contracted rapidly to $8.6M in 2022. The total import value increased at an average annual rate of +5.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 35%. As a result, imports reached the peak of $11M, and then contracted dramatically in the following year.
| Import of Dithionites and Sulphoxylates in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.2 | 4.0 | 5.8 | 5.0 | 16.0% |
| India | 3.7 | 3.5 | 4.2 | 3.0 | -6.8% |
| Others | 0.4 | 0.3 | 0.5 | 0.5 | 7.7% |
| Total | 7.2 | 7.8 | 10.5 | 8.6 | 6.1% |
Top Suppliers of Dithionites and Sulphoxylates to China in 2022:
- Germany (1069.9 tons)
- India (860.1 tons)
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