Organo-Sulphur Compounds; Methionine Price in Spain - 2023
Contents:
- Organo-Sulphur Compounds; Methionine Price in Spain (CIF) - 2022
- Organo-Sulphur Compounds; Methionine Price in Spain (FOB) - 2022
- Organo-Sulphur Compounds; Methionine Imports in Spain
- Organo-Sulphur Compounds; Methionine Exports in Spain
Organo-Sulphur Compounds; Methionine Price in Spain (CIF) - 2022
In 2022, the average organo-sulphur compounds; methionine import price amounted to $3,091 per ton, increasing by 18% against the previous year. In general, the import price, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2015 an increase of 29%. As a result, import price attained the peak level of $5,445 per ton. From 2016 to 2022, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belgium ($3,169 per ton) and Malaysia ($3,106 per ton), while the price for Japan ($2,490 per ton) and Germany ($2,648 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-2.4%), while the prices for the other major suppliers experienced a decline.
Organo-Sulphur Compounds; Methionine Price in Spain (FOB) - 2022
The average organo-sulphur compounds; methionine export price stood at $3,755 per ton in 2022, with an increase of 10% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 33% against the previous year. Over the period under review, the average export prices hit record highs at $5,491 per ton in 2014; however, from 2015 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 Peru ($108,396 per ton), while the average price for exports to Morocco ($2,997 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 Peru (+38.2%), while the prices for the other major destinations experienced more modest paces of growth.
Organo-Sulphur Compounds; Methionine Imports in Spain
In 2022, supplies from abroad of organo-sulphur compounds; methionines decreased by -24.9% to 13K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +5.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. As a result, imports reached the peak of 17K tons, and then reduced notably in the following year.
In value terms, organo-sulphur compounds; methionine imports shrank to $40M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +18.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.7% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 50%. As a result, imports attained the peak of $45M, and then contracted in the following year.
| Import of Organo-Sulphur Compounds; Methionine in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 4.6 | 11.4 | 22.4 | 17.7 | 56.7% |
| France | 6.9 | 8.2 | 10.5 | 12.4 | 21.6% |
| Malaysia | 2.5 | 4.6 | 4.6 | 5.4 | 29.3% |
| Germany | 4.8 | 5.0 | 5.5 | 2.5 | -19.5% |
| Portugal | 0.1 | 0.3 | 0.2 | 1.1 | 122.4% |
| Japan | 4.5 | N/A | 0.5 | 0.4 | -55.4% |
| Others | 0.8 | 0.7 | 1.7 | 0.9 | 4.0% |
| Total | 24.1 | 30.2 | 45.4 | 40.4 | 18.8% |
Top Suppliers of Organo-Sulphur Compounds; Methionine to Spain in 2022:
- Belgium (5.6K tons)
- France (4.0K tons)
- Malaysia (1.7K tons)
- Germany (0.9K tons)
- Portugal (0.4K tons)
- Japan (0.2K tons)
Organo-Sulphur Compounds; Methionine Exports in Spain
In 2022, organo-sulphur compounds; methionine exports from Spain surged to 981 tons, growing by 57% against the previous year's figure. In general, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 63%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, organo-sulphur compounds; methionine exports skyrocketed to $3.7M in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 116%. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Organo-Sulphur Compounds; Methionine in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 3.5 | 30.9 | 350 | 857 | 525.6% |
| Morocco | 1.1 | 16.2 | 102 | 541 | 689.3% |
| Portugal | 539 | 81.4 | 435 | 514 | -1.6% |
| Netherlands | 6.0 | 0.8 | 15.0 | 505 | 338.2% |
| Russia | N/A | N/A | N/A | 261 | 0% |
| Belgium | 16.7 | 7.4 | 345 | 241 | 143.5% |
| Senegal | 213 | 10.4 | 146 | 205 | -1.3% |
| Algeria | 200 | 1.7 | 119 | 2.4 | -77.1% |
| United Arab Emirates | 65.2 | 772 | 353 | N/A | 132.7% |
| Romania | 536 | 0.7 | 1.5 | N/A | -94.7% |
| Others | 258 | 62.9 | 260 | 558 | 29.3% |
| Total | 1,838 | 984 | 2,128 | 3,683 | 26.1% |
Top Export Markets for Organo-Sulphur Compounds; Methionine from Spain in 2022:
- France (249.4 tons)
- Morocco (180.5 tons)
- Netherlands (154.0 tons)
- Portugal (86.9 tons)
- Russia (72.0 tons)
- Belgium (67.0 tons)
- Senegal (60.0 tons)
- Algeria (0.4 tons)
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