Price for Sodium Sulphates; Other than Disodium Sulphate in Malaysia - 2023

Contents:

  1. Price for Sodium Sulphates; Other than Disodium Sulphate in Malaysia (CIF) - 2023
  2. Price for Sodium Sulphates; Other than Disodium Sulphate in Malaysia (FOB) - 2022
  3. Imports of Sodium Sulphates; Other than Disodium Sulphate in Malaysia
  4. Exports of Sodium Sulphates; Other than Disodium Sulphate in Malaysia

Price for Sodium Sulphates; Other than Disodium Sulphate in Malaysia (CIF) - 2023

The average import price for sodium sulphates; other than disodium sulphates stood at $1,065 per ton in October 2023, dropping by -25.5% against the previous month. In general, the import price, however, saw a significant increase. The growth pace was the most rapid in June 2023 an increase of 1,061% m-o-m. The import price peaked at $1,429 per ton in September 2023, and then contracted markedly in the following month.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Taiwan (Chinese) ($6,154 per ton), while the price for the Netherlands ($340 per ton) was amongst the lowest.

From December 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+124.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Sodium Sulphates; Other than Disodium Sulphate in Malaysia (FOB) - 2022

In 2022, the average export price for sodium sulphates; other than disodium sulphates amounted to $893 per ton, picking up by 68% against the previous year. In general, the export price posted a noticeable expansion. The pace of growth was the most pronounced in 2015 an increase of 92%. As a result, the export price reached the peak level of $1,756 per ton. From 2016 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2012 to 2022, the rate of growth in terms of prices for Sri Lanka amounted to +12.3% per year.

Imports of Sodium Sulphates; Other than Disodium Sulphate in Malaysia

In 2022, supplies from abroad of sodium sulphates; other than disodium sulphates was finally on the rise to reach 15K tons after two years of decline. Over the period under review, imports, however, saw a deep contraction.

In value terms, imports of sodium sulphates; other than disodium sulphates reduced to $2.3M in 2022. Overall, imports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 8.2%.

Import of Sodium Sulphates; Other than Disodium Sulphate in Malaysia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2.21.71.61.6-10.1%
Others0.80.60.90.7-4.4%
Total3.02.32.52.3-8.5%

Top Suppliers of Sodium Sulphates; Other than Disodium Sulphate to Malaysia in 2022:

  1. China (14.1K tons)

Exports of Sodium Sulphates; Other than Disodium Sulphate in Malaysia

In 2022, shipments abroad of sodium sulphates; other than disodium sulphates decreased by -85.5% to 8.3 tons, falling for the second year in a row after two years of growth. Overall, exports recorded a dramatic shrinkage. The growth pace was the most rapid in 2020 with an increase of 279% against the previous year. As a result, the exports reached the peak of 78 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of sodium sulphates; other than disodium sulphates dropped dramatically to $7.4K in 2022. Over the period under review, exports faced a precipitous shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 52%. As a result, the exports reached the peak of $38K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Sodium Sulphates; Other than Disodium Sulphate in Malaysia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Singapore21.54.111.17.4-29.9%
ThailandN/A3.2N/AN/A0%
Vietnam2.7N/AN/AN/A0%
IndiaN/A11.119.0N/A71.2%
IndonesiaN/A3.8N/AN/A0%
United Arab EmiratesN/A12.5N/AN/A0%
Solomon IslandsN/A2.5N/AN/A0%
Others1.21.1N/AN/A-8.3%
Total25.438.530.17.4-33.7%

Top Export Markets for Sodium Sulphates; Other than Disodium Sulphate from Malaysia in 2022:

  1. Singapore (8.3 tons)

Source: IndexBox Market Intelligence Platform

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